Sold
Last Sold Price
8 beds3,600 sqft$278/sqft
4 Ropes St, Salem, MA 01970
Multi FamilyProperty Type
3,600 sq ftLot Size
1915Year Built
$278/sq ftPrice per sq ft

Description

Open House Wednesday night (June 10th) from 5-6 pm. Rarely available four unit building available and located right in downtown Salem. This property has been renovated and could be considered to be in condo ready shape! Each unit offers 2 bedrooms, updated kitchens and baths, central air conditioning and gleaming hardwood floors. Current annual income is $86,136. One unit was left vacant for an owner occupant however a new tenant is moving in Friday at $1950/month so full occupancy being delivered....Open House Wednesday night (June 10th) from 5-6 pm. Rarely available four unit building available and located right in downtown Salem. This property has been renovated and could be considered to be in condo ready shape! Each unit offers 2 bedrooms, updated kitchens and baths, central air conditioning and gleaming hardwood floors. Current annual income is $86,136. One unit was left vacant for an owner occupant however a new tenant is moving in Friday at $1950/month so full occupancy being delivered. Systems have been updated. Walk to many of the wonderful downtown Salem attractions, restaurants, Pickering Wharf and the MBTA commuter rail. Only the vacant unit and basement common area can be shown Wednesday.. Masks must be worn. Income and expenses are provided as an attachment.
  • Listed by: John Schwagerl & Scott Twadelle • RCG Properties
  • Listed by: John C. Schwagerl • RCG Properties
Listing closed: 09/15/2020 12:00 AM • Source: MLS PIN, MLS#: 72664105

Location

Listing Courtesy of RCG Properties, John Schwagerl & Scott Twadelle; RCG Properties, John C. Schwagerl
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$6,050 per month

30 year fixed, 6.71% Interest

Principal and Interest

$5,162

Property Taxes

$888

HOA Dues

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Property Information for 4 Ropes Street

Property Details
  • Taxes: $10,653 / year
  • MLS Type: Multi-family / 4 Family - 4 Units Side by Side
  • County: Essex County
  • Town: Salem
  • Area: MA-Salem
  • Garage Spaces: 0
  • Parking Spaces Total: 0
Building Information
  • Stories: 6
  • Residences: 4
  • Year Built: 1915
  • Lot Size: 0.08 AC / 3,600 SF
General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Highway Access, Marina, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 3600.0
  • Color: green
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater, Utility Connections for Gas Range
  • Basement Features: Full, Walk Out, Interior Access
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Porch
  • Lot Description: Level
  • Patio And Porch Features: Porch
  • Roof Material: Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
Utilities
  • Electric: 100 Amp Service
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:34 L:0297,2135762
  • Assessments: $737,200
  • Book: 34940
  • Tax Year: 2020
  • Zoning: R3
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • Electricity: $427.00
  • Annual Expenses Source: Owner
  • GOI: $86,136.00
  • Insurance: $1,475.00
  • GRE: $25,396
  • MGF: $4,307
  • MSE: $2,625
  • RFS: $1,824
  • RME: $2,400
  • NOI: $60,750.00
  • Operating Expense: $25,396.00
  • WSE: $1,185.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,400.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 2

Property History for 4 Ropes Street

DateEvent & SourcePriceAppreciation
Sep 15, 2020

Sold

MLS PIN #72664105

$999,000
Jul 5, 2020

Under Agreement

MLS PIN #72664105

Jul 5, 2020

Contingent

MLS PIN #72664105

DateEvent & SourcePrice
09/15/2020

Sold

MLS PIN #72664105

$999,000
07/05/2020

Under Agreement

MLS PIN #72664105

07/05/2020

Contingent

MLS PIN #72664105

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

Public Records for 4 Ropes Street

Taxable ValueLand$164,600Additions$1,077,700Total$1,242,300
Tax Record2025$14,088 ($1,174 / month)
Home Facts
Baths4Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtUnfinished Basement SqFt1,800 SqFtStories2Lot Size3,511 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningR3CountyESSEXAPNSALE M:34 L:0297

Schools near 4 Ropes Street

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
Bates
PublicPK to 5

Horace Mann Laboratory School
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: 4 Ropes Street, Salem, MA 01970
$999,000
8
3,600
3,600
$52,000
2
765
$45,000
3
1,007
$44,900
2
740
$28,000
2
800
$200,000
6
2,574
4,522

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.

Listing Courtesy of RCG Properties, John Schwagerl & Scott Twadelle; RCG Properties, John C. Schwagerl

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.