42 Harbor Street, Salem MA 01970
Salem, MA 01970
$1,040,000
Est. $5,535/month
About this home
INVESTORS TAKE NOTICE! Corner Lot 4 family building with 2 car parking garage on the side of the building. Classic brick building with potential to add more units. Any buyer would have to do their own due diligence. Building consists of two (2) 1 bedroom apartments and two (2) 3 bedroom apartments. Tenants pay for their own heat and hot water. Rents are below market value. Right down the street from downtown Salem and the commuter rail. Group showing is planned for Sunday. Please reach out if you have any questions.
Sale Statistics
Sale Overview
Original List Price:
$1,100,000
Final Sale Price:
$1,040,000
Difference:
$60,000 (-5.5%)
Performance Metrics
94.5%
List to Sale Ratio
Sold below asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$280
Sale $/sq ft:
$264
This property sold for $264 per square foot
Sale Summary
This property sold for 5.5% below the original asking price.
With only 19 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
4 Family
Property Category
Residential Income
Year Built
1915
Bedrooms
8
Full Bathrooms
4
Living Area
3,935 sq ft
Total Rooms
14
Stories
4
Levels
4
Interior Features
Heating
Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Refrigerator
Interior Features
Laundry Room, Living Room, Kitchen
Basement Details
Full
Exterior & Structure
Foundation
Other
Patio/Porch Features
Deck - Composite
Has Spa
No
Waterfront Features
Bay, Harbor, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.08 acres
Lot Size
3,350 sq ft
Lot Size Area
0.0800
Lot Features
Corner Lot
Parking & Garage
Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Covered Parking Spaces
2
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$10,233
Tax Year
2024
Tax Assessed Value
$877,400
Parcel Number
2135797
Zoning
R3
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Buyer does their own due diligence
Location
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Neighborhood
42 Harbor Street, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
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Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$853
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
5.5%
Price Range
20
Total Days on Market
Property Timeline
Sold
Jul 2, 2024
$1,040,000
Property sold
Days on Market: 20
Listed for Sale
Apr 4, 2024
$1,100,000
Original listing
Agent: Valvel Temin
Office: Massachusetts Bay Realty Advisors, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/02/2024 | ✓ Sold | $1,040,000 | - | - | Property sold |
| 04/04/2024 | 🏠 Listed for Sale | $1,100,000 | - | - | Original listing |