CCertihomes
26 Phillips St, Salem, MA 01970

$399,900

4 beds 2 baths 1,930 sqft Built 18904 days on marketActive

About this home

Attention developers/contractors. This two family is a great opportunity for your next flip. Property will NOT qualify for conventional or FHA loans. CASH buyers only. The first level features an EI kitchen, 2 BR's & a full baths. The second level features an EI kitchen, 2 BR's, 1 full bath & access to attic containing two additional rooms great for home office or master bedroom/bath conversion (no heat in attic). Full basement provides loads of storage & washer/dryer hookup. Property features 2 electrical panels, 2 gas meters, 1 water heater and 1 newer heating system. Private driveway and garage complete this home. Home is not occupied by tenants, it is currently being used as a single family. Buyers to do due diligence regarding square footage, property status and use. All showings will be in a group setting. Contact agent to find out about showing dates/times. Offers due Monday Ma 20th at 4pm. Please make offers valid for 48 hours (no exceptions).

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,028/mo

Real estate (PITI + HOA + PMI)
$3,707
Principal + interest$2,579
Property tax + insurance$978
PMI / 2nd mortgage$150
Utilities
$477
Heating + cooling$77
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$4,028/mo TLC
Budget$5,000/mo
Remaining after TLC$972/mo
Purchase price
$399,900
Down payment
$19,995 (5%)
Loan amount
$379,905
APR
7.2%

Quick facts

Type
Multi Family
Style
Year built
1890
Lot size
0.11 ac
Stories
3
Heating
Oil
Cooling
Water
Public
HOA
Annual tax
$6,478
MLS #
73237988
County
Essex

At a glance

Basement
Garage (1)

Home features

Interior
Living RoomKitchen
Community
ParkHighway Access
Parking
Paved DriveOff StreetPaved
Flooring
Laminate, Hardwood
Sewer
Public Sewer

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 5/15/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.