357 Essex Street

Salem, MA 01970

$730,000
Last Sold Price
5
Beds
5
Baths
5,774 Sq. Ft.
$126 / Sq. Ft.
5,774
Sq. Ft.
$126
per Sq. Ft.

Description

Investment with character! An impressive grand style double door entrance way opens to a large foyer complete with walls of wainscoting, crown molding a beautiful crafted wood banister / stairway which leads to the 2nd and 3rd floors. A spectacular large stained glass window placed above the stairway landing allows for plenty of natural sun light throughout the common areas. This is only some of the many features this 5 unit building has to offer. Updated common and individual unit electric panels,...Investment with character! An impressive grand style double door entrance way opens to a large foyer complete with walls of wainscoting, crown molding a beautiful crafted wood banister / stairway which leads to the 2nd and 3rd floors. A spectacular large stained glass window placed above the stairway landing allows for plenty of natural sun light throughout the common areas. This is only some of the many features this 5 unit building has to offer. Updated common and individual unit electric panels, two newer oil tanks, new bulk head and stairs. Fenced yard with a storage shed. Clean basement with common washer/ dyer and plenty of storage space. Driveway allows for tandem parking and/or can be used as an additional entrance to back yard. Current rents below market.
  1. Listed by Marianne Simeone • Coldwell Banker Realty - Topsfield

Property Details for 357 Essex Street

Town
Salem
Area
MA-Salem
Garage Spaces
0
Parking Spaces
3.00
Parking Spaces Total
3

Location

Add your commute
LISTING UPDATED: 08/06/2022 06:26 AM

Property Details for 357 Essex Street

StatusSold
MLS #71993393
Days on Market19
Taxes$15,380 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1880
CountyEssex County

Location

Add your commute

Building Information for 357 Essex Street

Stories9Residences5Year Built1880Building Size-Lot Size0.14 AC / 5,900 SF

Payment Calculator

$5,266 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,984

Property Taxes

$1,282

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 357 Essex Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, House of Worship, Marina
  • Current Financing: Cash
  • Living Area: 5774.0
  • Color: Grey
  • Total Units: 5
  • Waterfront: No
  • Water View: No
  • Year Built Details: Approximate
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: None, Unit 1(Range, Dishwasher, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Oil Water Heater
  • Basement Features: Full, Walk Out, Interior Access, Bulkhead, Sump Pump, Concrete Floor
  • Num of Baths: 5.0
  • Num of Full Baths: 5
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 5.00
  • Bathrooms Total Integer: 5
  • FireplaceYN: Yes
  • Fireplaces: 3
  • Flooring: Hardwood Floors, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Crown Molding, Other (See Remarks), Unit 1(Bathroom With Tub & Shower, Open Floor Plan), Unit 3(Bathroom With Tub), Unit 4(Bathroom With Tub), Unit 1 Rooms(Kitchen, Living RM/Dining RM Combo), Unit 2 Rooms(Kitchen, Unit 3 Rooms(Living Room, Dining Room, Kitchen), Unit 4 Rooms(Kitchen
  • Interior Features: Other (See Remarks)
  • Spa Features: Unit 1 Jacuzzi/Whirlpool Soaking Tub
  • SpaYN: Yes
Exterior Features
  • Construction: Frame, Stone
  • Exterior Features: Storage Shed
  • Exterior Features: Fenced Yard, Storage Shed
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Level
  • Roof Material: Slate, Rubber
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Tandem, On Street Permit
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Tandem, On Street Permit
  • Parking Features: Off-Street, Tandem, On Street Permit
Utilities
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: Circuit Breakers
  • Heating: Oil, Unit 1(Oil), Unit 2(Oil), Unit 3(Oil), Unit 4(Oil)
  • 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: Property delivered with tenants/ All tenants are TAW / FP are none functional / Sellers need 24+ hrs to reply to offers.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:25 L:0230,2131608
  • Assessments: $981,500
  • Book: 13206
  • Tax Year: 2016
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 9
Other Building Characteristics
  • Foundation: Stone, Irregular
Income / Expenses
  • GOI: $48,000.00
  • NOI: $48,000.00
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: $2,900.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 357 Essex 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 357 Essex Street

Taxable ValueLand$193,300Additions$1,178,300Total$1,371,600
Tax Record2024$15,938 ($1,328 / month)
Home Facts
Baths5Total Finished SqFt5,774 SqFtAbove Grade Finished SqFt5,774 SqFtUnfinished Basement SqFt2,055 SqFtStories3Lot Size5,902 SqFtStyleMulti-Family Res (5+ Units)Year Built1880ZoningR2CountyESSEXAPNSALE M:25 L:0230Fireplace TypeHas Fireplace

Schools near 357 Essex 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 8
Rating
School
Distance
Carlton Elementary School
PublicK to 5

Bates Elementary School
PublicK to 5

Witchcraft Heights Elementary School
PublicK to 5

Saltonstall School
PublicK to 8

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 Coldwell Banker Realty - Topsfield, Marianne Simeone

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.