NOT LISTED FOR SALE

Estimated Value: $981,000 - $1,254,000

9 Beds
3 Baths
3,420 Sq Ft
$337/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $880,000 $257 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $7,291/month

3 Days on Market

Highlights

  • Deck
  • Storage Shed
  • 3-minute walk to Swiniuch Park
  • Patio

About This Home

As of September 2020

Great opportunity for a house-hack/owner occupant to gain equity and have your mortgage paid by your tenants! DELEADED 3 family, with below market rents, in very desirable Salem MA. Located less than 0.5 miles to downtown Salem, Pickering Wharf, and the Marina. 1 Mile to the commuter rail and less than 2 miles to Salem State University. Coin opp in basement. Income currently $69,600/yr. Market rents: $75,000-$79,200/yr. - two leases ending 9/1

Last Listed By

Jon Ladas

Listed on: 07/23/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,497

Year Built

  • Built in 1800

Lot Details

  • 2,614

Outdoor Features

  • Deck
  • Patio
  • Storage Shed

Additional Features

  • Basement

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,497

Year Built

Built in 1800

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Insc: 3000
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 233.92
  • Comp Based On: Net Sale Price
  • Year Built: 1800
  • Lead Paint: Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1800

Interior Features

  • Total Flrs: 6
  • No Bedrooms: 9
  • Total Brs: 9
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Bulkhead, Concrete Floor, Unfinished Basement
  • Main Lo: AN2612
  • Main So: AN4851
  • Estimated Sq Ft: 3420.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Exterior Features: Deck, Patio, Storage Shed

Garage/Parking

  • Parking Feature: On Street Permit, On Street Without Permit

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 1500

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Lot Info

  • Assessments: 556000.00
  • Acre: 0.06
  • Lot Size: 2548.00
  • Page: 51
  • Zoning: R2

Multi Family

  • APOD Available: Yes
  • Total Levels: 3
  • Total Rent: 5800
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 8034.00
  • Assessor Parcel Number: 2137861

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Sep 18, 2020
Sold by
9 Carlton Rt
Bought by
Perry Mark K
Seller's Agent
Jon Ladas
Buyer's Agent
Deborah Brown
Churchill Properties
List Price
$800,000
Sold Price
$880,000
Premium/Discount to List
$80,000
10%
Total Days on Market
3
Current Estimated Value
$1,151,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,709
Avg. Annual Appreciation
3.00%
Original Mortgage
$800,009
Outstanding Balance
$718,361
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$291,905

Purchase Details

Closed on
Jul 10, 2015
Sold by
Johnson James R
Bought by
9 Carleton Rt

Purchase Details

Listed on
May 1, 2014
Closed on
Jul 15, 2014
Sold by
Chat Rt
Bought by
Johnson James R
Seller's Agent
Julianna Tache
Tache Real Estate, Inc.
Buyer's Agent
David Pollack
Redfin Corp.
List Price
$529,000
Sold Price
$480,000
Premium/Discount to List
-$49,000
-9.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.09%
Original Mortgage
$340,000
Interest Rate
4.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2011
Sold by
Tache Julianna P and Tache Jerald A
Bought by
Honey & Chat Rt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.88%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 1998
Sold by
Power Matthew E and Antoine Rebecca J
Bought by
Tache Julianna

Purchase Details

Closed on
Jun 1, 1998
Sold by
9 Carlton St Salem Rt
Bought by
Power Matthew E

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Perry Mark K $880,000 None Available
9 Carleton Rt -- --
Johnson James R $480,000 --
Honey & Chat Rt -- --
Tache Julianna P -- --
Tache Julianna $179,900 --
Power Matthew E $141,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perry Mark K $800,009
Previous Owner Johnson James R $340,000
Previous Owner Power Matthew E $210,000
Previous Owner Power Matthew E $193,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $880,000 +10.0% $257 / Sq Ft
07/26/2020 07/26/20 Pending -- -- --
07/23/2020 07/23/20 For Sale $800,000 +66.7% $234 / Sq Ft
07/15/2014 07/15/14 Sold $480,000 -9.3% $140 / Sq Ft
06/15/2014 06/15/14 Pending -- -- --
05/01/2014 05/01/14 For Sale $529,000 -- $155 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,497 $925,700 $192,600 $733,100
2024 $9,677 $832,800 $183,000 $649,800
2023 $9,484 $758,100 $169,000 $589,100
2022 $9,161 $691,400 $163,300 $528,100
2021 $8,595 $622,800 $152,100 $470,700
2020 $8,034 $556,000 $143,600 $412,400
2019 $7,976 $528,200 $136,300 $391,900
2018 $7,392 $480,600 $129,500 $351,100
2017 $6,977 $439,900 $109,300 $330,600
2016 $6,813 $434,800 $104,200 $330,600
2015 -- $350,900 $95,700 $255,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72690790

MLS Property Information Network (MLS PIN)

APN: SALE-000041-000000-000082