26 Phillips St, Salem MA 01970

Salem, MA 01970
$492,500
Est. $2,621/month
4
Beds
2
Baths
1,930
Sq Ft
$255
Price/Sq Ft
0.11
Acres
1890
Year Built
Multi Family
Type
14
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73237988

About this home

Attention developers/contractors. This two family is a great opportunity for your next flip. Property will NOT qualify for conventional or FHA loans. CASH buyers only. The first level features an EI kitchen, 2 BR's & a full baths. The second level features an EI kitchen, 2 BR's, 1 full bath & access to attic containing two additional rooms great for home office or master bedroom/bath conversion (no heat in attic). Full basement provides loads of storage & washer/dryer hookup. Property features 2 electrical panels, 2 gas meters, 1 water heater and 1 newer heating system. Private driveway and garage complete this home. Home is not occupied by tenants, it is currently being used as a single family. Buyers to do due diligence regarding square footage, property status and use. All showings will be in a group setting. Contact agent to find out about showing dates/times. Offers due Monday Ma 20th at 4pm. Please make offers valid for 48 hours (no exceptions).

Sale Statistics

Sale Overview
Original List Price: $399,900
Final Sale Price: $492,500
Difference: +$92,600 (+23.2%)
Performance Metrics
123.2%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $207
Sale $/sq ft: $255
This property sold for $255 per square foot
Sale Summary

This property sold for 23.2% above the original asking price, indicating strong buyer demand.

With only 14 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
1890
Bedrooms
4
Full Bathrooms
2
Living Area
1,930 sq ft
Total Rooms
10
Stories
3
Levels
3

Interior Features

Flooring
Laminate, Hardwood
Heating
Oil
Has Heating
Yes
Has Fireplace
No
Interior Features
Living Room, Kitchen
Basement Details
Full

Exterior & Structure

Construction Materials
Frame
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
5,001 sq ft
Lot Size Area
0.1100
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street, Paved
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Park, Highway Access
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,478
Tax Year
2024
Tax Assessed Value
$557,500
Parcel Number
M:16 L:0256,2129278
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
PROPERTY SOLD AS IS WHERE. Property listed as two family with assessor office and public record however buyer to do due diligence with city to confirm property status/use. Knob and Tube maybe present buyer to do due dilligence
Exclusions
Washer/Dryer

Location

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Neighborhood

26 Phillips St, 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 $540
Homeowners Insurance $200
PMI $0

Property History

Market Insights

18.8%
Price Range
15
Total Days on Market

Property Timeline

Sold
Jun 18, 2024
$492,500
Property sold
Days on Market: 15
🏠
Listed for Sale
May 15, 2024
$399,900
Original listing
Agent: The Apex Team Office: Apex Realty Group, LLC

Price & Status History

Date Event Price Change
May 15, 2024 New Listing Added $399,900

Market Statistics

Days on Market
14 days
Price per Sq Ft
$255

Tax History

Year Taxes Assessment
2024 $6,478 $557,500

Financial Details

Annual Property Tax
$6,478
Tax Year 2024
Assessed Value
$557,500

Listing Information

Listing Agent The Apex Team
Listing Office Apex Realty Group, LLC
Agent MLS ID TM335186
Office MLS ID AN2707

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