NOT LISTED FOR SALE

9 Cottage Way Salisbury, MA 01952

Estimated Value: $769,862 - $877,000

6 Beds
2 Baths
1,824 Sq Ft
$453/Sq Ft Est. Value

Last Sold August 31, 2023

Last sale price $775,000 $425 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,202/month

3 Days on Market

Highlights

  • River View
  • Property is near public transit
  • Walking Distance to Water
  • Deck
  • Jogging Path
  • Porch

About This Home

As of August 2023

Don't miss this exceptional opportunity! Experience captivating marsh and sunset views, with convenient beach access just across North End Blvd. This versatile 2-family home has been meticulously maintained and comes fully furnished. With six total bedrooms each unit comfortably accommodates eight guests. The open-concept kitchen and living room areas provide a comfortable space to relax. Situated at the end of Cottage Way, adjacent to the marsh, this property provides a truly peaceful setting in an incredible location. Just a short walk to Salisbury Beach, and just a few minutes from Hampton and Seabrook Beaches as well. Included in the sale is the 0.115-acre parcel at 11 Cottage Way, deemed unbuildable by the Town of Salisbury. Enjoy outdoor living on the deck and refresh in the outdoor shower. Create memories while benefiting from this income-generating home, boasting a three-year average annual gross rental income of over $88,000!

Last Agent to Sell the Property

Alan DeAngelo

Compass Listed on: 05/31/2023

Compass

Last Buyer's Agent

Kathy Guselli

First Choice Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,165

Year Built

  • Built in 1976

Lot Details

  • 5,009 Sq Ft Lot
  • Property fronts a marsh
  • Property fronts a private road
  • Property fronts an easement
  • Private Streets
  • Street terminates at a dead end
  • Level Lot
  • Marsh on Lot

Property Views

  • River
  • Scenic Vista

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,824 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Interior Basement Entry
  • Block Basement Construction
  • Crawl Space

Parking

  • 6 Car Parking Spaces
  • Stone Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Porch

Location

  • Flood Zone Lot
  • Property is near public transit
  • Property is near schools

Schools

  • Salisbury Elementary School
  • Triton Middle School
  • Triton High School

Utilities

  • 2 Heating Zones
  • Heating Available
  • 100 Amp Service

Listing and Financial Details

  • Rent includes unit 1(heat electric water hot water), unit 2(heat electric water hot water)
  • Assessor Parcel Number 36185, 36184,2148359

Community Details

Overview

  • 2 Units

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Building Details

  • Electric Expense $5,023
  • Insurance Expense $1,549
  • Water Sewer Expense $1,415
  • Operating Expense $16,011
  • Net Operating Income $77,720

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,165

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1976
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Carpet,Laminate, Unit 1(undefined), Unit 2(Wall to Wall Carpet)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Open Floor Plan,Slider,Internet Available - Broadband), Unit 2(Bathroom With Tub & Shower,Open Floor Plan,Slider,Internet Available - Broadband), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Washer Hookup, Unit 1(Washer & Dryer Hookup)
  • Basement: Crawl Space, Interior Entry, Concrete, Unfinished
  • Living Area: 1824
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 410.64
  • PRICE PER Sq Ft: 424.89
  • MAIN SO: AC2004

Exterior Features

  • Exterior Features: Porch,Deck - Wood,Balcony,Screens,Outdoor Shower, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck
  • Construction Materials: Frame
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood
  • Road Frontage Type: Private Road, Dead End
  • Road Surface Type: Unimproved
  • Roof: Shingle
  • View: Scenic View(s)
  • View YN: Yes
  • Waterfront Features: Beach Front, Beach Access, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Stone/Gravel
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Heating: Unit 1(Electric Baseboard), Unit 2(Electric Baseboard)
  • Electric: Circuit Breakers, 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Hot Water: Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School
  • Rent Includes: Unit 1(Heat,Electric,Water,Hot Water), Unit 2(Heat,Electric,Water,Hot Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1415

Lot Info

  • Parcel Number: 36185, 36184,2148359
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements, Flood Plain, Level, Marsh
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 5009
  • Lot Size Units: Acres
  • PAGE: 526465
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6165
  • Tax Book Number: 487

Multi Family

  • Electric Expense: 5023
  • Gross Income: 93731
  • Insurance Expense: 1549
  • Net Operating Income: 77720
  • Number Of Units Total: 2
  • Operating Expense: 16011
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 2
  • Waterview: Marsh, River

MLS Schools

  • High School: Triton
  • Elementary School: Salisbury
  • Middle Or Junior School: Triton

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2023 08/31/23 Sold $775,000 +3.5% $425 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
05/31/2023 05/31/23 For Sale $749,000 -- $411 / 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 $7,063 $700,700 $456,500 $244,200
2024 $7,021 $671,900 $463,500 $208,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73117889

MLS Property Information Network (MLS PIN)

APN: SALI-000036-000000-000185