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7 Palmer St
Salem, Massachusetts MA 01970-4909
Price: $679,900
Listing ID 72951822
Status Pending
Bedrooms 5
Full Baths 3
Total Baths 3
SqFt 3,684
Acres 0.100
Year Built 1915

Property Description:

Great Investment Opportunity: This large, conveniently located 3 family offers many options to a live-in owner or an investor wanting to collect rents and build equity in an up and coming area; or to those interested in potential, future condominium conversion. Rooms are large with nice details, tall ceilings and wood floors. Property has a 2-car garage (in need of total rehab) and 4 car parking and small yard. The property overall is in need of many improvements and is being sold "as is." Limited information available as this is part of an estate. Many details are approximate for that reason. Buyer to perform own due diligence. First showing will include access to only one-unit and basement. Proof of funds/pre-approval required prior to showing.

Primary Features

County: Essex
Property Sub Type: 3 Family
Property Type: Residential Income
Year Built: 1915


Bathrooms Total Decimal: 3
Building Area Units: Square Feet
Heat Units: 3
Living Area: 3684
Heat Zones: 3
Rooms Total: 13
Stories Total: 6


Covered Spaces: 2
Farm Land Area Units: Square Feet
Foundation Details: Stone
Garage: 1
Garage Spaces: 2
Lot Features: Level
Lot Size Area: 0.1
Lot Size Square Feet: 4225
Lot Size Units: Acres
Number Of Units Total: 3
Open Parking: 1
Parking Features: Paved Drive
Parking Total: 4
Sewer: Public Sewer
Water Source: Public


Building Area Source: Public Records
Country: US
Directions: One-way street, off Lafayette
Waterfront: no
Waterfront Features: Beach Front
Zoning: R3


Color: beige
FLRS 2: 2
FLRS 3: 3
Lead Paint: Unknown
Levels 1: 1
Levels 2: 1
Levels 3: 1
Listing Alert: No
Mls Status: Under Agreement
FLRS 1: 1
Offline List Number: 3394613
Page: 236
SqFt Disclosures: Some info approximate/to be confirmed.
SqFt Includes Basement: No
Year Built Details: Approximate
Year Built Source: Public Records


Buyer Agency Compensation: 2%
Compensation Based On: Net Sale Price
Contingency: Financing
Disclosure: N
Down Payment Resource: Yes
Lease 1: N
Lease 2: N
Lease 3: N
List Price Per SqFt: 184.55
Price Per SqFt: 184.55
Sub Agency Offered: No
Tax Annual Amount: 7568
Tax Assessed Value: 571200
Tax Book Number: 26077
Tax Year: 2022
Transaction Broker Compensation: 1/2%

Zoning Info

© 2023 MLS Property Information Network, Inc. (MLSPIN). The property listing data and information 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 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 set forth herein. This information was last updated on Wednesday, February 1st, 2023. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Please contact Compass directly for additional information pertaining to the status and availability of properties displayed on this website.

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