NOT LISTED FOR SALE

9 Franklin St Salem, MA 01970

North Salem Neighborhood

Estimated Value: $1,225,000

0.99 Acre
$1,237,374 Price per Acre
43,124 Sq Ft Lot

Last Sold August 31, 2022

Last sale price $1,095,000 $76 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $9,252/month

40 Days on Market

Highlights

  • 0.99 Acre Lot
  • Jogging Path
  • Level Lot
  • Property is near public transit
  • Park
  • 2-minute walk to Furlong Park

About This Lot

As of August 2022

Land parcel For Sale - Potential for multiple use applications from Commercial to Residential. - Approx. 43,000 sf developable land - 21E on file - B1 and R2 Blend zoning - ample parking - permitted light industrial building w/ 12,000 sf footprint - numerous developments approved in the neighborhood - .2 miles from MBTA Commuter rail - .2 to Downtown Salem Location

Last Agent to Sell the Property

Kevin Olson

Nordlund Associates Listed on: 08/07/2020

Last Buyer's Agent

Kevin Olson

Nordlund Associates Listed on: 08/07/2020

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,918

Lot Details

  • 0.99 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is zoned R2

Location

  • Property is near public transit

Community Details

  • Park
  • Jogging Path

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0375,2132508

Property Details

Property Type

Land

Est. Annual Taxes

$21,918

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 2
  • Transaction Broker Type: %
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Land
  • Special Features: None

Interior Features

  • MAIN LO: NB1905
  • MAIN SO: NB1905

Exterior Features

  • Road Surface Type: Paved
  • Waterfront YN: No

Utilities

  • Sewer: Other
  • Gas: Other (See Remarks)
  • Electric: Other (See Remarks)
  • Water Source: Other

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Walk/Jog Trails, Highway Access

Lot Info

  • Parcel Number: M:26 L:0375,2132508
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Level, Cleared
  • Lot Size Acres: 0.99
  • Lot Size Area: 0.99
  • Lot Size Sq Ft: 43000
  • Lot Size Units: Acres
  • PAGE: 384
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 21918
  • Tax Book Number: 25510

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2012
Sold by
Gerren Rt 2 and Goldberg
Bought by
Gerren Llc
Current Estimated Value
$1,225,000
Source: Public Records

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
Gerren Llc -- --
Gerren Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mig Dev Llc $4,970,000
Closed Mig Dev Llc $4,970,000
Closed 11 Franklin Llc $931,250
Closed 11 Franklin Llc $1,370,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $1,095,000 +109499900.0% $76 / Sq Ft
09/16/2020 09/16/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $1 -- $0 / 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 $30,537 $1,350,000 $1,350,000 $0
2024 $15,534 $655,700 $655,700 $0
2023 $24,917 $986,800 $600,000 $386,800
2022 $25,134 $955,300 $575,100 $380,200
2021 $0 $894,900 $550,300 $344,600
2020 $21,918 $771,200 $525,500 $245,700
2019 $24,592 $832,200 $579,300 $252,900
2018 $25,199 $840,800 $517,200 $323,600
2017 $26,130 $871,300 $517,200 $354,100
2016 $25,747 $871,300 $517,200 $354,100
2015 $25,009 $807,000 $459,300 $347,700
Source: Public Records

Agents Affiliated with this Home

  • Kevin Olson

    Seller's Agent in 2022

    Kevin Olson

    Nordlund Associates

    (978) 762-0500

    4 Total Sales

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72705956

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000375

Massachusetts Essex County Salem 01970 North Salem

9 Franklin St, Salem, MA

This home is located at 9 Franklin St, Salem, MA 01970 since 07 August 2020 and is currently priced at $1,225,000, approximately $85 per square foot. 9 Franklin St is a home located in Essex County with nearby schools including Bates Elementary School, Carlton Elementary School, and Saltonstall School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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