$3,250,000
SOLD APR 30, 2024

17 Winter St Salem, MA 01970

Salem Common Neighborhood
16 Beds
15 Baths
7,420 Sq Ft
8,433 Sq Ft Lot

Recently Sold

$438 Per Sq Ft

7% Below List Price

Highlights

  • City View
  • 0.19 Acre Lot
  • Corner Lot
  • Granite Flooring
  • 2 Fireplaces
  • 3-minute walk to Salem Common

About This Home

As of April 2024

Sited just one block from historic Salem Common and a short distance to downtown and commuter rail is this circa 1820 Brick Federal 12 unit apartment building with adjacent 3 unit carriage house. Newer roof and heating systems as well as repointed brick exterior. Fantastic rental history and huge potential to upgrade cashflow as all tenants are TAW.

Last Agent to Sell the Property

Ted Richard

J. Barrett & Company

Last Buyer's Agent

Ted Richard

J. Barrett & Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,800

Year Built

  • Built in 1820

Lot Details

  • 8,433 Sq Ft Lot
  • Fenced
  • Corner Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 7,420 Sq Ft Home
  • 2 Fireplaces
  • Window Screens
  • City Views
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Granite
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 15 Full Bathrooms

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Driveway
  • On-Street Parking
  • Open Parking

Outdoor Features

  • Rain Gutters

Utilities

  • 5 Heating Zones
  • 200+ Amp Service

Listing and Financial Details

  • Total Actual Rent $5,600
  • Assessor Parcel Number M:35 L:0057,4078935

Community Details

Overview

  • 15 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $86,052

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,800

Year Built

Built in 1820

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1820
  • Buyer Agency: 2
  • Transaction Broker: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood, Tile, Vinyl
  • Door Features: Storm Door(s)
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Total Bedrooms: 16
  • Full Bathrooms: 15
  • Total Bathrooms: 15
  • Total Bathrooms: 15
  • Basement: Full
  • Living Area: 7420
  • Spa YN: No
  • Stories Total: 5
  • Window Features: Storm Window(s), Screens
  • MAIN LO: C95243
  • LIST PRICE PER Sq Ft: 471.7
  • PRICE PER Sq Ft: 438.01
  • MAIN SO: C95243

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Brick
  • Fencing: Fenced
  • Foundation Details: Concrete Perimeter, Granite
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Roof: Shingle
  • View: City
  • View YN: Yes
  • Waterfront Features: Beach Front, Bay, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: Circuit Breakers, 200+ Amp Service
  • Water Source: Public
  • SEWAGE DISTRICT: SESD
  • HEAT UNITS: 5
  • HEAT ZONES: 5
  • Hot Water: Oil

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: M:35 L:0057,4078935
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Sq Ft: 8433
  • Lot Size Units: Acres
  • PAGE: 449
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 29800
  • Tax Book Number: 15980

Multi Family

  • Gross Income: 86052
  • Net Operating Income: 86052
  • Number Of Units Total: 15
  • Total Actual Rent: 5600
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 2: 1

Map

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $3,250,000 -7.1% $438 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $3,500,000 -- $472 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73187412

MLS Property Information Network (MLS PIN)

Massachusetts Essex County Salem 01970 Salem Common

17 Winter St, Salem, MA

Homes for Sale in Salem, MA

This home is located at 17 Winter St, Salem, MA 01970 and is currently priced at $3,250,000, approximately $438 per square foot. This property was built in 1820. 17 Winter St is a home located in Essex County with nearby schools including Carlton Elementary School, Saltonstall School, and Bates Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.