NOT LISTED FOR SALE
7 Beds
5 Baths
4,298 Sq Ft
4,251 Sq Ft Lot

Last Sold March 08, 2024

Last sale price $980,000 $228 Per Sq Ft

258 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Window Unit Cooling System
  • Wood Flooring
  • Porch
  • 3-minute walk to High Street Park

About This Home

As of March 2024

Welcome to 98 Margin Street, multi-unit property located in historic Salem. Upon entering the home, you'll be greeted by a grand foyer with high ceilings and beautiful tiled flooring that leads into the first unit’s main living areas. The spacious living room and plenty of natural light, making it the perfect spot to relax and unwind after a long day. The adjacent dining room is ideal for entertaining guests. The large eat-in kitchen has ample counter space and plenty of storage. Each 2 units on the 2nd floor have 1 bedroom, eat-in kitchen, 1 bath, each have bonus room for storage, balcony. The 3rd floor unit has 3 bedrooms, large eat-in kitchen, 1 bath, living room, washer and dryer and balcony. Located in the heart of Salem, this home is just minutes away from shopping, dining, and entertainment options, including the historic Salem waterfront. Don't miss your chance to own this beautiful property in one of the most sought-after communities!Property sold As Is Where Is.

Last Agent to Sell the Property

Adele Faso

eXp Realty Listed on: 05/18/2023

eXp Realty

Last Buyer's Agent

CHARLIE VAQUERANO

eXp Realty

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,437

Year Built

  • Built in 1915

Lot Details

  • 4,251 Sq Ft Lot
  • Property fronts an easement
  • Fenced

Home Design

  • Quadruplex
  • Frame Construction
  • Slate Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,298 Sq Ft Home
  • Ceiling Fan
  • Combination Dining and Living Room
  • Storage
  • Partially Finished Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Driveway
  • On-Street Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $3,650
  • Rent includes unit 1(none), unit 2(none), unit 4(none)
  • Assessor Parcel Number 2132073

Community Details

Overview

  • 4 Units
  • Property has 2 Levels

Amenities

  • Shops

Building Details

  • Insurance Expense $5,144
  • Operating Expense $16,026
  • Net Operating Income $27,774

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,437

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family - 4 Units Up/Down
  • Year Built: 1915
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Transaction Broker: 1%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 8

Interior Features

  • Flooring: Tile, Carpet, Laminate, Hardwood, Wood
  • Interior Amenities: Ceiling Fan(s), Storage, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 7
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Laundry Features: Washer & Dryer Hookup
  • Basement: Partially Finished
  • Living Area: 4298
  • Spa YN: No
  • Stories Total: 8
  • MAIN LO: AN2383
  • LIST PRICE PER Sq Ft: 279.2
  • PRICE PER Sq Ft: 228.01
  • MAIN SO: AC0342

Exterior Features

  • Exterior Features: Balcony/Deck, Balcony
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Road Frontage Type: Public
  • Roof: Slate
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, On Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas, Electric
  • Cooling Y N: Yes
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Public School
  • Rent Includes: Unit 1(None), Unit 2(None), Unit 4(None)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2132073
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4251
  • Lot Size Units: Acres
  • PAGE: 25
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 9437.28
  • Tax Book Number: 16416

Multi Family

  • Gross Income: 43800
  • Insurance Expense: 5144
  • Net Operating Income: 27774
  • Number Of Units Total: 4
  • Operating Expense: 16026
  • Total Actual Rent: 3650
  • LEVELS 1: 2
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: Y
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 3
  • FLRS 3: 2
  • FLRS 2: 2

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
03/08/2024 03/08/24 Sold $980,000 0.0% $228 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
11/20/2023 11/20/23 Off Market $980,000 -- --
05/18/2023 05/18/23 For Sale $1,200,000 -- $279 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73113390

MLS Property Information Network (MLS PIN)