98 Margin Street

Salem, MA 01970

$980,000
Last Sold Price
7
Beds
5
Baths
4,298 Sq. Ft.
$228 / Sq. Ft.
4,298
Sq. Ft.
$228
per Sq. Ft.

Description

Welcome to 98 Margin Street, multi-unit property located in historic Salem. Upon entering the home, you'll be greeted by a grand foyer with high ceilings and beautiful tiled flooring that leads into the first unit’s main living areas. The spacious living room and plenty of natural light, making it the perfect spot to relax and unwind after a long day. The adjacent dining room is ideal for entertaining guests. The large eat-in kitchen has ample counter space and plenty of storage. Each 2 units on...Welcome to 98 Margin Street, multi-unit property located in historic Salem. Upon entering the home, you'll be greeted by a grand foyer with high ceilings and beautiful tiled flooring that leads into the first unit’s main living areas. The spacious living room and plenty of natural light, making it the perfect spot to relax and unwind after a long day. The adjacent dining room is ideal for entertaining guests. The large eat-in kitchen has ample counter space and plenty of storage. Each 2 units on the 2nd floor have 1 bedroom, eat-in kitchen, 1 bath, each have bonus room for storage, balcony. The 3rd floor unit has 3 bedrooms, large eat-in kitchen, 1 bath, living room, washer and dryer and balcony. Located in the heart of Salem, this home is just minutes away from shopping, dining, and entertainment options, including the historic Salem waterfront. Don't miss your chance to own this beautiful property in one of the most sought-after communities!Property sold As Is Where Is.

Property Details for 98 Margin Street

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

Location

Sold By eXp Realty, Carlos Vaquerano

Add your commute
LISTING UPDATED: 03/12/2024 12:10 AM

Property Details for 98 Margin Street

StatusSold
MLS #73113390
Days on Market200
Taxes$9,437 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family - 4 Units Up/Down
Year Built1915
CountyEssex County

Location

Sold By eXp Realty, Carlos Vaquerano

Add your commute

Virtual Tour

Building Information for 98 Margin Street

Stories8Residences4Year Built1915Building Size-Lot Size0.10 AC / 4,251 SF

Payment Calculator

$6,135 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,348

Property Taxes

$786

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 98 Margin Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Public School
  • Current Financing: Conv. Fixed
  • Living Area: 4298.0
  • SqFt with Basement: No
  • Total Units: 4
  • Waterfront: No
  • Water View: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Basement Features: Partially Finished
  • 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: No
  • Fireplaces: 0
  • Flooring: Tile, Carpet, Laminate, Hardwood, Wood
  • Interior Features: Ceiling Fan(s), Storage, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
  • Interior Features: Window AC
  • Laundry Features: Washer & Dryer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck, Balcony
  • Exterior Features: Balcony, Porch, Patio
  • Fencing: Fenced/Enclosed
  • Lot Description: Easements
  • Patio And Porch Features: Porch, Patio
  • Roof Material: Slate
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, On Street Permit
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, On Street Permit
  • Parking Features: Off-Street, On Street Permit
Utilities
  • Cooling: Window AC
  • Cooling: Yes
  • Electric: Individually Metered
  • Heating: Baseboard, Natural Gas, Electric
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Disclosures: Sellers have not occupied property. Property sold As Is,Where Is; Buyer and Buyer agent must perform own due diligence.
Tax Information
  • Tax ID: 2132073
  • Assessments: $747,900
  • Book: 16416
  • Tax Year: 2023
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 7
  • Total Living Levels: 8
Other Building Characteristics
  • Foundation: Concrete Perimeter
Income / Expenses
  • Annual Expenses Source: Other (See Remarks)
  • GOI: $43,800.00
  • Insurance: $5,144.00
  • GRE: $16,026
  • MSE: $2,192
  • RME: $8,690
  • NOI: $27,774.00
  • Operating Expense: $16,026.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,650.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2%
  • Other Agent Compensation: 1%

Property History for 98 Margin 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 98 Margin Street

Taxable ValueLand$150,100Additions$683,100Total$833,200
Tax Record2024$9,682 ($807 / month)
Home Facts
Baths5Total Finished SqFt4,298 SqFtAbove Grade Finished SqFt4,298 SqFtUnfinished Basement SqFt1,714 SqFtStories3Lot Size4,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1915ZoningR2CountyESSEXAPNSALE M:25 L:0645

Schools near 98 Margin 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
Horace Mann Laboratory
PublicK to 5

Carlton 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.

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.