17-23 Palmer, Salem MA 01970
Salem, MA 01970
$1,900,000
Est. $10,113/month
About this home
Discover the potential of this oversized 6-family property located at 17-23 Palmer St. Each unit boasts ample space, with four (4) large 3-4 bedroom, 1 bath units, and two (2) spacious 3 bedroom, 1 bath units. With 6-7 off-street parking spots, this property offers convenience and accessibility for both tenants and landlords alike. Landlord is responsible for Heat and some HW. Tenants pay their own electric. Rents are below market. See attached OM for rent roll (including pro forma) and detailed incomes/expenses.
Sale Statistics
Sale Overview
Original List Price:
$2,000,000
Final Sale Price:
$1,900,000
Difference:
$100,000 (-5.0%)
Performance Metrics
95.0%
List to Sale Ratio
Sold below asking price
30
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$284
Sale $/sq ft:
$270
This property sold for $270 per square foot
Sale Summary
This property sold for 5.0% below the original asking price.
The property spent 30 days on market before selling.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
19
Full Bathrooms
6
Living Area
7,044 sq ft
Total Rooms
25
Stories
5
Levels
5
Interior Features
Heating
Hot Water, Natural Gas
Has Heating
Yes
Has Fireplace
No
Exterior & Structure
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.16 acres
Lot Size
7,052 sq ft
Lot Size Area
0.1600
Lot Features
Other
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$10,657
Tax Year
2023
Tax Assessed Value
$965,000
Zoning
R3
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Buyers to their due diligence to verify all income and expenses.
Location
Loading map...
Neighborhood
17-23 Palmer, Salem MA 01970
Salem, MA 01970
Walkability
Loading Walk Score...
Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$888
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
5%
Price Range
32
Total Days on Market
Property Timeline
Sold
May 17, 2024
$1,900,000
Property sold
Days on Market: 32
Listed for Sale
Mar 21, 2024
$2,000,000
Original listing
Agent: Francesca Little
Office: Little & Co., REALTORS®
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 05/17/2024 | ✓ Sold | $1,900,000 | - | - | Property sold |
| 03/21/2024 | 🏠 Listed for Sale | $2,000,000 | - | - | Original listing |