CCertihomes
17 Dow St, Salem, MA 01970

$1,150,000

8 beds 4 baths 3,680 sqft Built 19357 days on marketActive

About this home

Introducing a 4-family property on a corner lot with plenty of parking space! The cozy first floor units consist of one and two bedrooms, offering potential for increased rental income. The second-floor unit serves as the owner's residence featuring an open-concept layout with main and formal living room which could be transformed to a third bedroom. It has enclosed porch and laundry. The third-floor unit features a spacious kitchen, three bedrooms, and an enclosed porch. Outside, the fenced-in backyard provides a cozy retreat, complemented by a double driveway, a two-car garage with a side door entrance, and an attached shed. Full spacious basement with separate utilities, gas heating systems and hot water tanks for efficiency. Conveniently located just minutes from the city center, restaurants, the ocean, parks, schools, and public transportation. Don't miss the opportunity to own this rare property!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$7,605/mo

Real estate (PITI + HOA + PMI)
$7,530
Principal + interest$5,216
Property tax + insurance$1,883
PMI / 2nd mortgage$431
Utilities
$547
Heating + cooling$112
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$7,605/mo TLC
Budget$8,105/mo
Remaining after TLC$500/mo
Purchase price
$1,150,000
Down payment
$57,500 (5%)
Loan amount
$1,092,500
APR
4%

Quick facts

Type
4 Family
Style
Year built
1935
Lot size
0.09 ac
Stories
7
Heating
Cooling
Water
Public
HOA
Annual tax
$8,451
MLS #
73234660
County
Essex

At a glance

Basement
Garage (2)

Home features

Community
Public TransportationShoppingTennis Court(s)ParkWalk/Jog TrailsMedical FacilityLaundromatBike PathHighway AccessHouse of WorshipMarinaPublic SchoolT-StationUniversity
Parking
Off StreetPaved
Flooring
Tile, Laminate, Hardwood
Roof
Shingle
Sewer
Public Sewer

Lot features

Corner Lot

Schools

Elementary
Saltonstall
Middle
Collins
High
Salem High

Neighborhood — 01970

MetricThis ZIPCountyUSA
Population39,2106,444,931299,088,112
Population Change Since199012.00%7.00%20.00%
Population Density4,803786
Male18,2943,127,134147,432,321
Female20,9163,317,797151,655,844
Never Married11,7661,612,88563,775,926
Married13,4262,586,314123,120,365
Separated1,771247,85712,639,686
Widowed2,455363,59415,467,586
Divorced3,344436,88823,075,029
Number Of House Hold17,1122,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age36.0437.2535.46
Median House Hold Income$50,078$57,698$48,276
Average House Hold Income$61,376$75,023$63,629
P C I$28,089$29,196$24,529
M D I$42,238$48,105$41,133
A T H E$50,149$57,083$50,898
S T R5.00%5.00%
W C J83.24%81.38%77.74%
(Zip) Code
1970

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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MLSPIN

Listing information last refreshed 5/8/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.