237 Jefferson Ave, Salem MA 01970
Salem, MA 01970 • South Salem
$1,050,000
Est. $5,589/month
About this home
Turn key triple decker investment gem next to Salem State University, 1 mile to downtown Salem & Commuter Rail, 1/2 mile to schools and a short drive to local amenities. Renovated in 2020 with high efficiency gas heat/ tankless hot water, new plumbing & electrical, new meters, toilets, showers and appliances. Each unit features 3 beds, 1 bath & in-unit laundry with similar layouts and modern kitchens & baths. The building includes generous 2 car parking for each unit in the expansive fenced lot. This is a plug and play investment as an income property or condo conversion. All units rented well below market.
Sale Statistics
Sale Overview
Original List Price:
$1,250,000
Final Sale Price:
$1,050,000
Difference:
$200,000 (-16.0%)
Performance Metrics
84.0%
List to Sale Ratio
Sold below asking price
126
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$331
Sale $/sq ft:
$278
This property sold for $278 per square foot
Sale Summary
This property sold for 16.0% below the original asking price.
At 126 days on market, this property took longer than average to sell.
Facts & Features
Property Overview
Property Type
3 Family - 3 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
9
Full Bathrooms
3
Living Area
3,778 sq ft
Total Rooms
18
Stories
3
Levels
3
Interior Features
Flooring
Tile, Hardwood, Wood, Stone/Ceramic Tile
Heating
Baseboard, Natural Gas, Unit Control
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features
Pantry, Stone/Granite/Solid Counters, Upgraded Cabinets, Bathroom With Tub & Shower, Remodeled, Internet Available - Broadband, Living Room, Kitchen, Laundry Room, Sunroom
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Sump Pump, Unfinished
Window Features
Skylight(s), Insulated Windows
Door Features
Insulated Doors
Exterior & Structure
Construction Materials
Frame
Roof
Rubber
Foundation
Stone
Exterior Features
Balcony/Deck, Balcony, Rain Gutters
Patio/Porch Features
Porch
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Features
1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.12 acres
Lot Size
5,301 sq ft
Lot Size Area
0.1200
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street, Assigned, Paved
Utilities & Systems
Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 100 Amp Service
Community & HOA
Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$9,739
Tax Year
2024
Tax Assessed Value
$838,100
Tax Lot
0161
Tax Map Number
24
Parcel Number
2131223
Zoning
B1
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Some pictures of unit 2 show vacant from before current tenant mixed with pics including current tenant. All units currently occupied.
Listing Terms
Contract
Location
Loading map...
Neighborhood
South Salem
237 Jefferson Ave, Salem MA 01970
Salem, MA 01970
Walkability
Loading Walk Score...
Schools
Elementary School
Hmls
Middle School
Collins
High School
Salem
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$812
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
12.5%
Price Range
127
Total Days on Market
Property Timeline
Sold
Aug 30, 2024
$1,050,000
Property sold
Days on Market: 127
Listed for Sale
Mar 18, 2024
$1,200,000
Original listing
Agent: Dan Bernal
Office: Atlantic Coast Homes,Inc
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/30/2024 | ✓ Sold | $1,050,000 | - | - | Property sold |
| 03/18/2024 | 🏠 Listed for Sale | $1,200,000 | - | - | Original listing |