21 Nichols Street

Salem, MA 01970

$549,900
Price
2
Beds
2
Baths
1,280 Sq. Ft.
$430 / Sq. Ft.
1,280
Sq. Ft.
$430
per Sq. Ft.

Description

PRICE REDUCTION DUE TO INTEREST RATES. 2 family house in Witchcraft Heights, Salem, presents an incredible investment opportunity. Rent out both units or live in one and have tenants help with your mortgage. The first floor has been recently updated with a new kitchen, bathroom, and fresh paint, while the second floor features beautifully restored hardwood floors, a modern kitchen with new appliances, and a granite bar countertop. Major updates like a new roof, updated electric system, vinyl siding,...PRICE REDUCTION DUE TO INTEREST RATES. 2 family house in Witchcraft Heights, Salem, presents an incredible investment opportunity. Rent out both units or live in one and have tenants help with your mortgage. The first floor has been recently updated with a new kitchen, bathroom, and fresh paint, while the second floor features beautifully restored hardwood floors, a modern kitchen with new appliances, and a granite bar countertop. Major updates like a new roof, updated electric system, vinyl siding, separate utilities. Each unit has its own washer and dryer, and there's extra storage space in the basement. With leases ending at different times, you have flexibility in deciding whether to rent out both units or occupy one yourself. It's a fantastic opportunity to own a property in a desirable area of Salem close to commuter rail, downtown and great restaurants and waterfront. Rents are below market. Offer deadline 4/23 6pm
  1. Listed by Cheryl Colarusso • Keller Williams Realty Boston Northwest

Property Details for 21 Nichols Street

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

Location

Listing Courtesy of Keller Williams Realty Boston Northwest, Cheryl Colarusso
Add your commute
LISTING UPDATED: 04/24/2024 05:16 PM

Property Details for 21 Nichols Street

StatusContingent
MLS #73219947
Days on Market20
Taxes$6,011 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1961
CountyEssex County

Location

Listing Courtesy of Keller Williams Realty Boston Northwest, Cheryl Colarusso
Add your commute

Building Information for 21 Nichols Street

Stories3Residences2Year Built1961Building Size-Lot Size0.06 AC / 2,648 SF

Payment Calculator

$3,502 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,001

Property Taxes

$501

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 21 Nichols Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, University
  • Living Area: 1280.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Witchcraft
  • High School: Salem
  • Middle School: Collins
Features
Interior Features
  • Appliances: Range, Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
  • Basement Features: Full
  • Num of Baths: 2.0
  • Num of Full Baths: 2
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 2.00
  • Bathrooms Total Integer: 2
  • DoorFeatures: Insulated Doors, Storm Door(s)
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Laminate, Hardwood
  • Interior Features: Pantry, Bathroom With Tub & Shower, Cathedral/Vaulted Ceilings, Upgraded Countertops, Kitchen, Living RM/Dining RM Combo
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • SpaYN: No
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Frame
  • Exterior Features: Rain Gutters
  • Exterior Features: Fenced Yard, Porch
  • Fencing: Fenced
  • Lot Description: Corner Lot
  • Patio And Porch Features: Porch
  • Roof Material: Asphalt/Composition Shingles
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
  • Parking Features: Off-Street, Tandem
Utilities
  • Cooling: None
  • Cooling: No
  • Electric: 220 Volts
  • Heating: Natural Gas
  • Heating: Yes
  • Sewage District: SESD
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: see attachment. Buyer-Buyers agent to do due diligence.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:15 L:0239,2128671
  • Assessments: $517,300
  • Book: 40041
  • Tax Year: 2024
  • Zoning: R1
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 2
  • Heat Zones: 2
Income / Expenses
  • GOI: $42,600.00
  • NOI: $42,600.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,550.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 0

Property History for 21 Nichols 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 21 Nichols Street

Taxable ValueLand$183,500Additions$333,800Total$517,300
Tax Record2024$6,011 ($501 / month)
Home Facts
Baths2Total Finished SqFt1,280 SqFtAbove Grade Finished SqFt1,280 SqFtUnfinished Basement SqFt640 SqFtStories2Lot Size2,648 SqFtStyleDuplexYear Built1961ZoningR1CountyESSEXAPNSALE M:15 L:0239

Schools near 21 Nichols 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
Bates Elementary School
PublicK to 5

Carlton Elementary School
PublicK to 5

Horace Mann Laboratory
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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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 Keller Williams Realty Boston Northwest, Cheryl Colarusso

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.