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128 Margin Street

128 Margin Street, Salem, MA 01970
Commercial in South Salem
128 Margin Street in Salem, MA was first built in 1940 and is 84 years old. This has been categorized as a industrial property type. It is a single story home. There is a 1 partial bathroom. 128 Margin Street has 3,604 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,519 square feet.

Learn more about the property and building on this page. The home has a flat style roof made of tar and gravel. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with steel control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. As for heating, the home is utilizing a hot water heating system and being fueled with oil. The property was last sold in Mar 11, 2020 for $560,000. That's $155.38 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $410,000. 128 Margin Street was last assessed in 2024. The total value of the property was assessed at $424,200. Specifically, the land the property is located on was valued at $213,000. While improvements on the property were assessed at a total of $211,200. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $10,049. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Open Parking
Paved Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20060201
02/01/2006
Loft
2 Bath
-
$500,000
bedrooms
Loft
bathrooms
2 Bath
$410,000 -18.00%
03/28/2007
-
Donald Casey
Donald J Casey Jr.

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Steel
  • Exterior Walls Type: Concrete block
  • Roof Shape Type: Flat
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Living Units: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,519
  • Total Building Area: 3,604
  • Gross Building Area: 3,700
  • Building Area: 3,604
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 3,604
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Industrial
  • Land Acres: 0.127
  • Standard Land Use Code: Warehouse (industrial)

Ownership

  • Current Owner : NAUMKEAG RT
  • Previous Owner : BEAULIEU PROPERTIES LLC
  • Owner Before Previous Owner: CORNELL RT
  • Owner Before Previous Owner 2: CORNELL
  • Ownership Rights Codes: Revocable Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0507
  • Lot: 507
  • Municipality: SALEM
  • Latitude: 42.5161
  • Longitude: -70.8983

    Address

  • Full Address: 128 Margin St
  • Address - House Number: 128
  • Address - Street Name: Margin
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 3312
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $10,049

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,200
  • Assessed Land Value: $213,000
  • Assessed Improvements Value: $211,200

    Sales

  • Current Sale Contract Date: Mar 11, 2020
  • Current Sale Recording Date: Mar 16, 2020
  • Current Sale Transaction ID: 11748509414
  • Current Sale Price: $560,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20200316003850
  • Previous Sale Recording Date: Mar 28, 2007
  • Previous Sale Amount: $410,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: NORTH SHORE BANK
  • Previous Mortgage Transaction Date: Mar 28, 2007
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About South Salem



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Frequently Asked Questions

What neighborhood is 128 Margin Street located in?
The 128 Margin Street is a commercial located in the neighborhood of South Salem in South Salem, Salem.
What is the average sales price for listings in 128 Margin Street?
The average sales price for units in 128 Margin Street is $0 currently.

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