Incredibly rare opportunity to rehab a sprawling, legal 3 family building, on a 4,728SF lot, in the coveted Mack Park area of Salem!!! The building is currently down to the studs, only suitable for contractors or developers. Stamped architectural plans in place, permit for construction has been pulled, all that is needed is for someone to finish the job. The site can easily fit 9 parking spaces, something completely unheard of for the area. Both housing and parking are in dire need in Salem, so come capitalize on the opportunity! Location can’t be beat, quiet, well-maintained street, full of historic Salem properties, walking distance to downtown Salem, parks, the commuter rail, public transit and quick access to 95, 114 and 107!!
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Last Updated: May 6th, 2024 at 11:55pm
General Information for 57 Buffum St, Salem, Massachusetts 01970
Property TypeResidential Income
Property Sub TypeMulti Family
Price$700,000
Price per sqft$264.85
MLS #73067668
Handicap Access / FeaturesNo
List Date2023-01-03
Special Listing Conditions
StateMassachusetts
Street NameBuffum St
CitySalem
Zip Code01970
CountyEssex
MLS Status
Covered Parking Spaces0
Heating Y/NNo
Heating System
Heat Zones
Sold Date25/01/2023
Property Sub TypeMulti Family
Building Area SourcePublic Records
Building Area Total2643
Building Area Units0
CarportNo
Close Date31/01/2023
Close Price$620,000
Covered Parking Spaces0
Listing ServiceEntry Only
UnparsedAddress57 Buffum St, Salem MA 01970
Zoning
Interior Features for 57 Buffum St, Salem, Massachusetts 01970
* Approx. Living Area Total2,643 sq ft
Living Area Includes BasementNo
Bedrooms6
* # Fireplaces0
Bathrooms (Total)3
Full Baths3
* # Half Baths0
* # Rooms
Basement
Heating System
Appliances
Electric
Living Area Disclosure
Living Area Includes BasementNo
Door Features
ElectricNo
Electric$0
MLS Area (Major)
MLSPIN_BEDRMS_12
MLSPIN_BEDRMS_22
MLSPIN_BEDRMS_33
MLSPIN_BEDRMS_4
MLSPIN_FLRS_1
MLSPIN_FLRS_2
MLSPIN_FLRS_3
MLSPIN_FLRS_4
MLSPIN_F_BTHS_11
MLSPIN_F_BTHS_21
MLSPIN_F_BTHS_32
MLSPIN_F_BTHS_4
MLSPIN_GRE$0
MLSPIN_HTE$0
MLSPIN_H_BTHS_10
MLSPIN_H_BTHS_20
MLSPIN_H_BTHS_3 0
MLSPIN_H_BTHS_4
OffMarketDate31/01/2023
Exterior Features for 57 Buffum St, Salem, Massachusetts 01970
* Approximate Lot Size0.11 acres
Covered Parking Spaces0
Lot Features
* Parking Spaces9
* Sewer Utilities
* Water Utilities
* Year Built1870
Year Built Details
Year Built SourcePublic Records
Construction Materials
Exterior Features
Foundation Area
Foundation MaterialsStone
Approx. Street Frontage
Horse PermittedNo
Horse Amenities
Parking Features
Utilities
Lot Size (Square Feet)4,901 Sqft
Disclosures for 57 Buffum St, Salem, Massachusetts 01970
Buyer Agent Compensation2.0
ContingencyPending P&S
FinancingCash
Disclosures
Documents Available
Exclusions
MLSPIN_COMP_BASED_ONNet Sale Price
MLSPIN_COOP_COMP
MLSPIN_DISCLOSUREN
Lead PaintUnknown
Living Area Disclosure
Living Area Includes BasementNo
Facilitator Compensation2.0
TransactionBrokerCompensationType
BuyerAgencyCompensationType
Financial Information for 57 Buffum St, Salem, Massachusetts 01970
Assessed Value
Real Estate Tax$0
Tax Year
Financial Data Source
Gross Income$0
Insurance Expense$0
MLSPIN_LEASE_1
MLSPIN_LEASE_2
MLSPIN_LEASE_3
MLSPIN_LEASE_4
MLSPIN_LEVELS_11
MLSPIN_LEVELS_21
MLSPIN_LEVELS_31
MLSPIN_LEVELS_4
MLSPIN_MGF$0
MLSPIN_MSE$0
MLSPIN_RENT10
MLSPIN_RENT20
MLSPIN_RENT30
MLSPIN_RENT4
MLSPIN_RFS$0
MLSPIN_RME$0
MLSPIN_SOLD_PRICE_PER_SQFT$235
NetOperatingIncome$0
OperatingExpense$0
OriginalListPrice$700,000
RENT_FEE_INCLUDES
TOTAL_RENT0
WaterSewerExpense$0
Lifestyle Information for 57 Buffum St, Salem, Massachusetts 01970
FireplaceYNNo
Frontage Type
GarageYNNo
Waterview
Pool Features
Waterfront Features
Location information for 57 Buffum St, Salem, Massachusetts 01970
Elementary School
Middle School
High School
NumberOfUnitsTotal3
Marketing History for 57 Buffum St, Salem, Massachusetts 01970
MLSPIN_MARKET_TIME_BROKER9
MLSPIN_MARKET_TIME_PROPERTY9
PurchaseContractDate2023-01-09
Agent Information for 57 Buffum St, Salem, Massachusetts 01970