Last Sold Price
4 beds2,548 sqft$232/sqft
38 Raymond Rd, Salem, MA 01970

Description

Well-maintained Two-Family home around the corner from Salem State University. The first unit has 2 bedrooms, a bath, kitchen, pantry and living room. The second unit has an identical layout to the first floor but also has a finished 2nd level (on the 3rd floor) that has a full bath, a kitchenette (just a sink) and 2 more rooms. The 3rd floor does not have a heat source. Hardwood floors in most rooms on 1st & 2nd floors. Small enclosed porch plus balcony off the second floor hallway. Oversize 2-car...Well-maintained Two-Family home around the corner from Salem State University. The first unit has 2 bedrooms, a bath, kitchen, pantry and living room. The second unit has an identical layout to the first floor but also has a finished 2nd level (on the 3rd floor) that has a full bath, a kitchenette (just a sink) and 2 more rooms. The 3rd floor does not have a heat source. Hardwood floors in most rooms on 1st & 2nd floors. Small enclosed porch plus balcony off the second floor hallway. Oversize 2-car garage with loft storage. Nice yard that backs up to the rail trail. Parking for 3+ cars in the driveway. The roof on the home has been recently replaced. Down the street from Forest River Park & Beaches (no driving needed), and less than 10-minute drive to the commuter train (Salem OR Swampscott) and beautiful, historic downtown Salem.
LISTING CLOSED: 01/15/2020 12:00 AM

  1. Listed by The Green Team • Armstrong Field Real Estate
  2. Listed by Miguel Andreottola • Armstrong Field Real Estate
  3. Listed by James Armstrong • Armstrong Field Real Estate

Property Details for 38 Raymond Road

Status
MLS #
72596281
Days on Market
7
Taxes
$6,553 / year
HOA Fees
-
Property Type
MLS Type
Multi-family / 2 Family
Year Built
1920
Town
Salem
Area
MA-Salem
Garage Spaces
2
Open Parking Spaces
4.00
Parking Spaces Total
4

Recent comparable sales

Median sold price

$715,000

Avg days on market

40

Sale-to-list ratio

99.4%

Salem, MA

9 comparable properties found

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Bedrooms
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Square Feet
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Acres
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Square Feet
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Acres
$650,000 | 26 Linden Street, Salem, MA 01970
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4
Bedrooms
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Square Feet
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Acres
$770,000 | 13 Raymond Road, Salem, MA 01970
1/33
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Sold 07/17/25

4
Bedrooms
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Square Feet
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Acres
a front view of a house with a yard
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Square Feet
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Acres
a front view of a house with a yard and tree s
1/43
7

$800,000

Sold 11/01/24

4
Bedrooms
2,830
Square Feet
0.16
Acres
a view of a white house
1/43
8

$701,000

Sold 09/26/25

4
Bedrooms
2,128
Square Feet
0.16
Acres
$610,000 | 30 Hanson Street, Salem, MA 01970
1/37
9

$610,000

Sold 10/16/25

4
Bedrooms
2,390
Square Feet
0.10
Acres

Location

Listing Courtesy of Armstrong Field Real Estate, The Green Team; Armstrong Field Real Estate, Miguel Andreottola; Armstrong Field Real Estate, James Armstrong

Sold By Luxury Realty Partners, Olga Ban

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Building Information for 38 Raymond Road

Stories3Residences2Year Built1920Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$3,545 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,999

Property Taxes

$546

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38 Raymond Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area
  • Current Financing: Cash
  • Living Area: 2548.0
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Location/School
  • High School: Salem High
Features
Interior Features
  • Appliances: Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Oil Water Heater, Tankless Water Heater
  • Basement Features: Full, Walk Out, Bulkhead, Concrete Floor
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Varies Per Unit, Hardwood, Unit 2(Hardwood Floors)
  • Interior Features: Unit 1 Rooms(Living Room, Kitchen, Other (See Remarks)), Unit 2 Rooms(Living Room, Office/Den)
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Easements
  • Patio And Porch Features: Porch
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: 2.00
  • Garage: Yes
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Electric: Circuit Breakers, 100 Amp Service, Individually Metered
  • Heating: Unit 1(Steam, Oil), Unit 2(Hot Water Baseboard, Oil, Other (See Remarks))
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: 3rd floor is unheated. Sewer easement (See attached plan).
Tax Information
  • Tax ID: M:31 L:0199,2133941
  • Assessments: $434,000
  • Book: 12525
  • Tax Year: 2019
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 4
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $16,800.00
  • NOI: $16,800.00
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: $1,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 2.0

Property History for 38 Raymond Road

DateEvent & SourcePriceAppreciation
Jan 15, 2020

Sold

MLS PIN #72596281

$590,000
Dec 3, 2019

Contingent

MLS PIN #72596281

Nov 26, 2019

Listed (Active)

MLS PIN #72596281

$549,900
DateEvent & SourcePrice
01/15/2020

Sold

MLS PIN #72596281

$590,000
12/03/2019

Contingent

MLS PIN #72596281

11/26/2019

Listed (Active)

MLS PIN #72596281

$549,900

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

Public Records for 38 Raymond Road

Taxable ValueLand$185,600Additions$556,700Total$742,300
Tax Record2025$8,418 ($702 / month)
Home Facts
Baths3Total Finished SqFt2,048 SqFtAbove Grade Finished SqFt2,048 SqFtUnfinished Basement SqFt1,024 SqFtStories2Lot Size6,939 SqFtStyleTriplexYear Built1920ZoningR1CountyESSEXAPNSALE M:31 L:0199

Schools near 38 Raymond Road

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - K to 5
Public - K to 5
Rating
School
Distance
Horace Mann Laboratory School
PublicPK to 5

Bates
PublicPK to 5

Carlton Elementary School
PublicK to 5

Witchcraft Heights 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 38 Raymond Road, Salem, MA 01970
$590,000
4
2,548
6,970
$389,000
3
1,311
8,900
3
2.5
1,422
6,839
$279,900
3
1,691
6,156
2
1
866
6,599
$363,500
6
3.5
2,974
9,357

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Armstrong Field Real Estate, The Green Team; Armstrong Field Real Estate, Miguel Andreottola; Armstrong Field Real Estate, James Armstrong

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.