5 Buffum Street

Salem, MA 01970

$769,900
Price
8
Beds
2
Baths
3,360 Sq. Ft.
$229 / Sq. Ft.
3,360
Sq. Ft.
$229
per Sq. Ft.

Description

This new listing is a spacious two-unit multifamily property situated conveniently within walking distance to downtown Salem. The first unit features two bedrooms and a screen porch, perfect for enjoying the outdoors. The second and third floors house a generous five-bedroom unit with the potential for expansion, making it a versatile space for the new owner. With its prime location near restaurants, museums, and the commuter rail, this property boasts great bones and is just waiting for a new owner...This new listing is a spacious two-unit multifamily property situated conveniently within walking distance to downtown Salem. The first unit features two bedrooms and a screen porch, perfect for enjoying the outdoors. The second and third floors house a generous five-bedroom unit with the potential for expansion, making it a versatile space for the new owner. With its prime location near restaurants, museums, and the commuter rail, this property boasts great bones and is just waiting for a new owner to make it their own. Much original woodwork, high ceilings, newer replacement windows, two fireplaces, double parlors in both units and updated heating systems.
  1. Listed by Gingle-Lerman Realty Group • William Raveis R.E. & Home Services
  2. Listed by Marcie Gingle • William Raveis R.E. & Home Services

Property Details for 5 Buffum Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
2.00
Parking Spaces Total
2

Location

Listing Courtesy of William Raveis R.E. & Home Services, Gingle-Lerman Realty Group; William Raveis R.E. & Home Services, Marcie Gingle
Add your commute
LISTING UPDATED: 05/24/2024 05:37 PM

Property Details for 5 Buffum Street

StatusUnder Agreement
MLS #73236992
Days on Market10
Taxes$8,174 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family
Year Built1915
CountyEssex County

Location

Listing Courtesy of William Raveis R.E. & Home Services, Gingle-Lerman Realty Group; William Raveis R.E. & Home Services, Marcie Gingle
Add your commute

Building Information for 5 Buffum Street

Stories3Residences2Year Built1915Building Size-Lot Size0.07 AC / 2,849 SF

Payment Calculator

$4,883 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,202

Property Taxes

$681

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5 Buffum Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Living Area: 3360.0
  • Color: Gray
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • High School: Salem
Features
Interior Features
  • Appliances: Range, Refrigerator, Washer, Dryer
  • Basement Features: Full, Finished
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • FireplaceFeatures: Wood Burning
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Wood, Hardwood
  • Interior Features: Pantry, Bathroom With Tub & Shower, Ceiling Fan(s), Living Room, Dining Room, Kitchen, Family Room
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch, Porch - Enclosed, Porch - Screened
  • Lot Description: Easements
  • Patio And Porch Features: Porch, Enclosed, Screened
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Tandem
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Steam
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range
  • Water: Public
Property Information
Property Info
  • UFFI: Unknown
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: See inclusion list uploaded. First floor washer/dryer and refrigerator is owned by tenant. There is a refrigerator in the basement that will remain for the first floor unit. Tenant is due to move by June 1st
Tax Information
  • Tax ID: 2132447
  • Assessments: $703,400
  • Book: 25138
  • Tax Year: 2024
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
  • Cooling Units: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $26,400.00
  • NOI: $26,400.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1.5

Property History for 5 Buffum Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5 Buffum Street

Taxable ValueLand$37,600Additions-Total$37,600
Home Facts
Lot Size3,589 SqFtStyleGovernmental / Public UseZoningR1CountyESSEXAPNSALE M:15 L:0091

Schools near 5 Buffum Street

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Carlton Elementary School
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

Horace Mann Laboratory
PublicK to 5

Bates Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis R.E. & Home Services, Gingle-Lerman Realty Group; William Raveis R.E. & Home Services, Marcie Gingle

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.