14-16 Bridge Street, Salem MA 01970
Salem, MA 01970
$745,000
Est. $3,965/month
About this home
Great investment opportunity on Salem Neck with water views of Beverly harbor. Legal two family on an oversized lot with abundant parking and great outdoor space. Good tenants who would prefer to stay. You'd be hard pressed to find a better multi family with easy access to both Salem and Beverly. Good sized rooms with ample storage and great light. No need to do any work....just purchase and sit back. Current revenue is $5,900 per month.
Sale Statistics
Sale Overview
Original List Price:
$749,000
Final Sale Price:
$745,000
Difference:
$4,000 (-0.5%)
Performance Metrics
99.5%
List to Sale Ratio
Sold below asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$253
Sale $/sq ft:
$251
This property sold for $251 per square foot
Sale Summary
This property sold for 0.5% below the original asking price.
With only 20 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
Multi Family
Property Category
Residential Income
Year Built
1880
Bedrooms
5
Full Bathrooms
4
Living Area
2,965 sq ft
Total Rooms
12
Stories
3
Levels
3
Interior Features
Has Fireplace
No
Basement Details
Full
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Block
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Bay, Harbor, Ocean, 1 to 2 Mile To Beach
Waterfront Property
No
Lot & Land
Lot Size
0.17 acres
Lot Size
7,405 sq ft
Lot Size Area
0.1700
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$7,152
Tax Year
2023
Tax Assessed Value
$571,200
Parcel Number
3700460
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Both 14 and 16 Bridge are being sold. There is currently a 3rd unit being rented for $1, 000 per month. Unit 2 and 3rd unit include heat
Location
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Neighborhood
14-16 Bridge Street, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$596
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
0.5%
Price Range
22
Total Days on Market
Property Timeline
Sold
Jan 4, 2024
$745,000
Property sold
Days on Market: 22
Listed for Sale
Nov 14, 2023
$749,000
Original listing
Agent: Merry Fox Team
Office: MerryFox Realty
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/04/2024 | ✓ Sold | $745,000 | - | - | Property sold |
| 11/14/2023 | 🏠 Listed for Sale | $749,000 | - | - | Original listing |