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57 Ocean Ave
Salem, MA. 01970


MLS # 72287863 - Sold
Multi-Family 2 Family - 2 Units Side by Side    

List Price $799,000 Days on Market  
List Date   # Units 2
Sale Price $770,000 # Floors  
Sold Date 6/11/18 Rooms 18
Assessed Value $764,200 Bedrooms 8
Gross Living Area 4,844SF Full Baths 4
Lot Size 4,400SF Half Baths 2
Taxes $11,935.00 Fireplaces  
Tax Year 2018 Basement Yes
Zoning R2 Waterfront No
Est. Street Front   Beach Nearby No
Year Built 1900 Parking Spaces 2
    Garage Spaces 0
Remarks:
Charm and soul of a grand old house, but with all the amenities you'd expect in new townhomes. Turnkey side-by-side 2 family near the potential future South Salem Commuter Rail stop. Great cash flow. Condo-quality units are mirror images with different gorgeous finishes. Wow! open layout on first floor, great for entertaining. Large gas fireplaced living rooms, elegant dining rooms, and well-thought-out kitchens with granite counters, an island, and recessed & pendant lighting. Half bath, laundry room, and deck off of each kitchen. Well laid-out second floors comprised of 3 large bedrooms (ceiling fans, cable ready), a study, and a large tiled bath with a double sink, huge mirror, good storage. Spacious master suites could be apartments unto themselves. Currently deeded as condominiums,but can be restored to a true 2-family.
Features
Basement   Full, Walk
   Out, Interior Access,
   Concrete Floor
Construction   Frame
Electricity   110 Volts,
   220 Volts, 100 Amps,
   Individually Metered
Energy   Insulated
   Windows, Prog.
   Thermostat, Varies per
   Unit
Exterior   Shingles,
   Wood, Asbestos
Exterior Feat.   Porch,
   Deck, Gutters, Garden
   Area
Flooring   Wood, Tile
Foundation   Fieldstone
Foundation Size   1844
Heating Zones   4
Hot Water   Natural Gas
Lead Paint   Unknown
Lot   Level
Parking   Off-Street, On
   Street Permit, Deeded,
   Improved Driveway
Roof   Asphalt/Fiberglass
   Shingles
Sewer / Water   City/Town
   Sewer, City/Town Water
Utility Connections   for
   Gas Range, for Electric
   Dryer, Washer Hookup,
   Icemaker Connection
Units
Unit 1 Bedrooms: 4; Floor: 1; Fireplaces: 1; Full Baths: 2; Half Baths: 1; Lease: Yes; Levels: 3; Rent:
     2900; Rooms: 9
Unit 2 Bedrooms: 4; Floor: 1; Fireplaces: 1; Full Baths: 2; Half Baths: 1; Lease: Yes; Levels: 3; Rent:
     2900; Rooms: 9
Financial Info
Expenses Source   Owner
   Provided
Expenses Year End   12/16
Gross Expenses   $6,265
Gross Oper. Income  
   $67,700
Insurance   $1,871
Net Oper. Income   $63,335
Refuse Removal   $360
Repairs & Maint.   $2,715
Water   $1,319
Additional Information
APOD Available?   Yes
Anticipated Sale Date  
   06/06/2018
Deed   Book: 33781, Page:
   253
Disclosures   Listing
   broker has an ownership
   interest. Subject to
   probate of a trust
   beneficiary's will ~3
   weeks. Deeded as 2
   condos; can be deeded
   back into a 2F prior to
   sale. Condo docs can
   convey with the property.
   Maintenance expenses
   don't include unit
   painting. Owner to
   refinish B front door to
   match
Exclusions   Tenants
   possessions
Foreclosure   No
GLA Source   Measured
Living Area Disclosures  
   Does not include 922
   square foot basement on
   each side
Off Market Date   5/15/18
Seller Disclosure Doc   No
Short Sale   No
Terms   Contract for Deed
Year Built Desc.  
   Approximate
Year Built Source   Public
   Record

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Property Last Updated by Listing Office: 6/17/18 3:45pm

Courtesy: MLSPIN

Contact agent for more information about this listing
Listing Office: Comprehensive Realty Service Listing Agent: Stanley Heydrick


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