5 Willow Avenue, Salem MA 01970
Salem, MA 01970 • South Salem
$513,000
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Sale Statistics
Sale Overview
Original List Price:
$474,900
Final Sale Price:
$513,000
Difference:
+$38,100 (+8.0%)
Performance Metrics
108.0%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$213
Sale $/sq ft:
$230
This property sold for $230 per square foot
Sale Summary
This property sold for 8.0% above the original asking price, indicating strong buyer demand.
With only 18 days on market, this was a quick sale compared to typical market conditions.
About this home
Located in South Salem you will find this terrific two family property with steps to the water at the end of the street, minutes to Forest River Park and Salem University! First floor offers a living room , dining room, eat -in kitchen and bedroom. Second unit is made up of two levels with 8 rooms & two baths. Same layout as first floor but the top level offers three more bedrooms and a community bonus room. Low maintenance fenced in backyard with patio area . Separate utilities, gas heating, replacement windows , garage and tandem parking. You won't want to miss out on this one! Property to be vacant of all tenants June 1st. SHOWINGS BEGIN AT COMMUTER OH MONDAY 5/21 5-6:30PM
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Recently Sold Nearby
Property History
Market Insights
58.3%
Price Range
20
Total Days on Market
1
Previous Sales
Property Timeline
Current Active Listing - MLS #73578416
Full transaction history available when tracking began
Currently Listed
Sep 16, 2026
$875,000
MLS #73578416 - Active
Sold
Jun 29, 2018
$513,000
Property sold
Days on Market: 20
Listed for Sale
May 18, 2018
$474,900
Original listing
Agent: Joyce Cucchiara
Office: Coldwell Banker Residential Brokerage - Lynnfield
Previous Transaction - MLS #71821304
Full transaction history available when tracking began
Previously Sold
May 27, 2015
$365,000
MLS #71821304
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/16/2026 | 🏡 Currently Listed | $875,000 | - | - | MLS #73578416 - Active |
| 06/29/2018 | ✓ Sold | $513,000 | - | - | Property sold |
| 05/18/2018 | 🏠 Listed for Sale | $474,900 | - | - | Original listing |
| 05/27/2015 | 🏷️ Previously Sold | $365,000 | - | - | MLS #71821304 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2018 | $5,712 | $371,400 |
Financial Details
Annual Property Tax
$5,712
Tax Year 2018
Assessed Value
$371,400
Facts & Features
1 Car Garage
Home Facts
Type
Residential Income
Style
Multi Family
Year Built
1900
Living Area
2,229 sq ft
Lot Size
0.06 acres
Bedrooms
4
Full Baths
3
Total Rooms
12
Investment Metrics
Units
2
Unit 1 Rent
— · N
Unit 2 Rent
— · N
Gross Income
$45,600
Net Operating Income
$45,600
Cap Rate
9.60%
Interior
Heating
Natural Gas, Individual, Unit Control
Cooling
None
Flooring
Wood, Vinyl, Carpet, Hardwood
Appliances
Range, Refrigerator
Fireplace
None
Basement
Full, Concrete
Laundry
Gas Dryer Hookup
Features
Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
Exterior
Construction
None
Architecture
None
Roof
Shingle
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Garage Spaces
1
Has Garage
Yes
Features
Paved Drive, Off Street, Tandem
Total Spaces
4
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Dryer
Financial
Annual Tax
$5,712
Assessed Value
$371,400
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Field Card Shows Total Bedrooms 4. Five Rooms Being Used As Bedrooms, Two Of Them Do Not Have Closets. May Require Flood Insurance. Common Electric On First Floor Electric Bill.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
House Color
Brown
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
20 days
Property Overview
Property Type
Multi Family
Listing Type
Sold
Year Built
1900
Bedrooms
4
Full Bathrooms
3
Living Area
2,229 sq ft
Total Rooms
12
Stories
3
Levels
3
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Vinyl, Carpet, Hardwood
Appliances:
Range, Refrigerator
Interior Features:
Bathroom With Tub & Shower, Living Room, Dining Room, Kitchen
Windows:
Insulated Windows
Basement:
Full, Concrete
Laundry:
Gas Dryer Hookup
Security:
Construction & Materials
Year Built:
1900
Structure Type:
Exterior Materials:
Roof:
Shingle
Foundation:
Stone
Stories:
3
Heating, Cooling & Utilities
Heating:
Natural Gas, Individual, Unit Control
Heating Zones:
2
Cooling:
None
Hot Water:
Natural Gas, Tank
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Cleared
Road Surface:
Parking & Garage
Garage Spaces:
1
Total Parking Spaces:
4
Parking Features:
Paved Drive, Off Street, Tandem
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
3 schools
C+
Saltonstall School
0.3 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
The Greenhouse School
0.9 mi
Grades PK-08
C
Horace Mann Laboratory School
1.0 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
B-
Collins Middle School
0.8 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
1.3 mi
|
#266 of 825
|
Score: 51.8
Dropped 77 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
A-
Marblehead Veterans Middle School
1.7 mi
|
#88 of 352
|
Score: 50.8
Dropped 35 spots from last year
-7.4 below state avg
347 students
Moderate
Grades 07-08
High Schools
3 schools
B+
Salem Academy Charter School
0.5 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.1 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
A-
Marblehead High School
1.7 mi
|
#82 of 346
|
Score: 62.5
Dropped 39 spots from last year
+4.3 above state avg
807 students
Moderate
20 sports
• 2,426 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Location
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Neighborhood
South Salem
5 Willow Avenue, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Joyce Cucchiara
Listing Office
Coldwell Banker Residential Brokerage - Lynnfield
Office Phone
781-334-5700
Agent MLS ID
C3445748
Office MLS ID
C70100
Listing Data Updated
Jul 3, 2018 9:47 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.
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