101 Ocean Avenue

Salem, MA 01970

$850,000
Last Sold Price
6
Beds
4
Baths
4,394 Sq. Ft.
$193 / Sq. Ft.
4,394
Sq. Ft.
$193
per Sq. Ft.

Description

Don't miss your chance to own this large 4-unit investment property. Ocean Ave is located between Salem State University and down-town, making it perfect for both students and professionals. This property consists of two (2) bedroom units and two (1) bedroom units. Conveniently located to Rte 1, I-95, Forest River Park, Downtown Salem and Salem’s MBTA Station.Don't miss your chance to own this large 4-unit investment property. Ocean Ave is located between Salem State University and down-town, making it perfect for both students and professionals. This property consists of two (2) bedroom units and two (1) bedroom units. Conveniently located to Rte 1, I-95, Forest River Park, Downtown Salem and Salem’s MBTA Station.
  1. Listed by Herrick Lutts Realty Partners • Herrick Lutts Realty Partners
  2. Listed by Nicholas Zolotas • Herrick Lutts Realty Partners

Property Details for 101 Ocean Avenue

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
4.00
Parking Spaces Total
4

Location

Listing Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas

Sold By Red Tree Real Estate, Emily Schreibman

Add your commute
LISTING UPDATED: 09/12/2022 12:10 PM

Property Details for 101 Ocean Avenue

StatusSold
MLS #72938295
Days on Market135
Taxes$8,903 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1930
CountyEssex County

Location

Listing Courtesy of Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas

Sold By Red Tree Real Estate, Emily Schreibman

Add your commute

Building Information for 101 Ocean Avenue

Stories6Residences4Year Built1930Building Size-Lot Size0.11 AC / 4,652 SF

Payment Calculator

$5,381 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

$742

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 101 Ocean Avenue

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Golf Course, Medical Facility, Laundromat, House of Worship, Public School, University
  • Current Financing: Cash
  • Living Area: 4394.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Gas Water Heater
  • Basement Features: Unfinished Basement
  • 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
Exterior Features
  • Construction: Frame
  • Lot Description: Corner Lot
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street
  • Parking Features: Off-Street
  • Parking Features: Off-Street
Utilities
  • Electric: 200+ Amp Service
  • 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: Property Is In An Ae Flood Zone.
Tax Information
  • Tax ID: M:33 L:0062,2134582
  • Assessments: $671,900
  • Book: 5217
  • Tax Year: 2022
  • Zoning: B4
Building / Association Information
Living Characteristics
  • Beds Total: 6
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $50,400.00
  • NOI: $50,400.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $4,350.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 101 Ocean Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 101 Ocean Avenue

Taxable ValueLand$160,600Additions$674,600Total$835,200
Tax Record2024$9,705 ($809 / month)
Home Facts
Baths4Total Finished SqFt4,394 SqFtAbove Grade Finished SqFt4,394 SqFtUnfinished Basement SqFt2,197 SqFtStories2Lot Size4,652 SqFtStyleMulti-Family Res (5+ Units)Year Built1930ZoningB4CountyESSEXAPNSALE M:33 L:0062

Schools near 101 Ocean Avenue

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
Witchcraft Heights Elementary School
PublicK to 5

Carlton Elementary School
PublicK to 5

Bates Elementary School
PublicK to 5

Horace Mann Laboratory
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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

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 Herrick Lutts Realty Partners, Herrick Lutts Realty Partners; Herrick Lutts Realty Partners, Nicholas Zolotas

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.