Virginia Todd
Leading Edge Real Estate
(857) 323-6892
51 Total Sales
1 in Downtown Salem
$350,900 Price
98 Margin St Salem, MA 01970
Downtown Salem Neighborhood
7
Beds
5
Baths
4,298
Sq Ft
4,251
Sq Ft Lot
Highlights
- Property is near public transit and schools
- Balcony
- Window Unit Cooling System
- Wood Flooring
- Porch
- 3-minute walk to High Street Park
About This Home
As of March 2024Welcome 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.
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,437
Year Built
- Built in 1915
Lot Details
- 4,251 Sq Ft Lot
- 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 and 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2023
Closed on
Mar 8, 2024
Sold by
Bought by
Seller's Agent
Adele Faso
eXp Realty LLC
Buyer's Agent
CHARLIE VAQUERANO
eXp Realty LLC - Corporate Office
List Price
$1,200,000
Sold Price
$980,000
Premium/Discount to List
-$220,000
-18.33%
Views
990
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$735,000
Outstanding Balance
$715,655
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jun 27, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Salem, MA
-
Virginia Todd
-
Carol St. Pierre
Carol St. Pierre
Tache Real Estate, Inc.
(781) 776-5893
40 Total Sales
1 in Downtown Salem
$1,010,000 Price
-
David Brown
David Brown
Coldwell Banker Realty - Beverly
(339) 666-1240
62 Total Sales
1 in Downtown Salem
$660,000 Price
-
Justin Blankenship
Justin Blankenship
Fiv Realty Co
(781) 417-3370
64 Total Sales
1 in Downtown Salem
$629,500 Price
-
Karol Flannery
Karol Flannery
RE/MAX Bentley's
(978) 518-3106
36 Total Sales
2 in Downtown Salem
$359K - $560K Price Range
-
Vivien Marcus
Vivien Marcus
Keller Williams Realty Success
(351) 222-3144
49 Total Sales
1 in Downtown Salem
$410,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $980,000 | None Available | ||
| $100,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $735,000 | ||
| Previous Owner | $40,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $11,391 | $1,004,500 | $150,100 | $854,400 |
| 2024 | $9,682 | $833,200 | $150,100 | $683,100 |
| 2023 | $9,356 | $747,900 | $132,500 | $615,400 |
| 2022 | $8,903 | $671,900 | $123,600 | $548,300 |
| 2021 | $8,694 | $630,000 | $115,400 | $514,600 |
| 2020 | $8,265 | $572,000 | $119,500 | $452,500 |
| 2019 | $7,814 | $517,500 | $108,900 | $408,600 |
| 2018 | $6,895 | $448,300 | $94,200 | $354,100 |
| 2017 | $6,637 | $418,500 | $75,400 | $343,100 |
| 2016 | $6,558 | $418,500 | $75,400 | $343,100 |
| 2015 | $6,533 | $398,100 | $64,800 | $333,300 |
Source: Public Records
Agents Affiliated with this Home
-
Adele Faso
Seller's Agent in 2024
Adele Faso
eXp Realty LLC
(978) 973-3777
1 in this area
30 Total Sales
-
CHARLIE VAQUERANO
C
Buyer's Agent in 2024
CHARLIE VAQUERANO
eXp Realty LLC - Corporate Office
(617) 256-0112
1 in this area
14 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73113390
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.
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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