17 Salem Street

17 Salem Street has been categorized by the local assessors in Salem, MA as a commercial type of property. The building on the property was first built in 1923 and is 101 years old. The home has a total of 10 rooms. 9 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 17 Salem Street has 6,840 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 3,428 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a flat style roof made of tar and gravel. The exterior walls of the building are made of brick. In terms of heating, it is utilizing a hot water heating system and being fueled with gas. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 17 Salem Street sold most recently in Jan 1, 1970 for a total of $875,000. If you work out the math, that's approximately a cost of $102.34 per sqft. Before that, the property was also sold for $640,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $0 in taxes each year. 17 Salem Street was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $952,900. If we break it down further, the land itself was valued at $147,000. Improvements to the property, however, were assessed at a total of $805,900. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.