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Backup Offers

21 Nichols St, Salem, MA, 01970

$549,900

Home List Price

$6,530*

Closing Credit

2 Bedrooms
2 Full Baths
1,280 SqFt
$430/SqFt
Multi
Schools Nearby

Location

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21 Nichols St, Salem$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street, Tandem
Year Built1961
HeatingNatural Gas
CoolingNone
BasementYes
MLS #73219947
Lot Size0.06 Acres
StatusAccepting Backup Offers
(Contingent)

About 21 Nichols St

PRICE REDUCTION DUE TO INTEREST RATES. 2 family house in Witchcraft Heights, Salem, presents an incredible investment opportunity. Rent out both units or live in one and have tenants help with your mortgage. The first floor has been recently updated with a new kitchen, bathroom, and fresh paint, while the second floor features beautifully restored hardwood floors, a modern kitchen with new appliances, and a granite bar countertop. Major updates like a new roof, updated electric system, vinyl siding, separate utilities. Each unit has its own washer and dryer, and there's extra storage space in the basement. With leases ending at different times, you have flexibility in deciding whether to rent out both units or occupy one yourself. It's a fantastic opportunity to own a property in a desirable area of Salem close to commuter rail, downtown and great restaurants and waterfront. Rents are below market. OFFER DEADLINE 4/23 6PM

Property Details

Property Features

Property Information:

  • Year Built: 1961
  • Living Area: 1,280 SqFt

Listing Office:

  • Office Name: Keller Williams Realty Boston Northwest
  • Listing Agent: Cheryl Colarusso

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
  • Basement: Yes
  • Flooring Type: Wood, Laminate, Hardwood
  • Interior: Pantry, Bathroom With Tub & Shower, Cathedral/Vaulted Ceilings, Upgraded Countertops, Kitchen, Living RM/Dining RM Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Rain Gutters

Parking Information:

  • Parking: Off Street, Tandem

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Collins Middle School, Public District Grades 6-8
  • Nathaniel Bowditch, Public District Grades KG-8
  • Saltonstall School, Public District Grades KG-8
  • Witchcraft Heights, Public District Grades KG-5
  • Bates, Public District Grades KG-5
  • Carlton, Public District Grades KG-5

Other

Directions Information:

  • Directions: Check GPS, Nichols Street is a one way from Boston Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $430/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2%

Tax Information:

  • Annual Amount: $5,291
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salem, MA.

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Salem, MA

City

Med. Sold Price

$549.8K

Med. Price/SqFt

$382

Avg. Days On Market

32

# of Sold Homes

30

21 Nichols St vs Salem

27 DAYS ON ROCKET

-5 Days

$549,900

+$75 More

$430/SqFt

+$47 More

KEY TAKEAWAY

This property is $75 more than the Median Sold Price and $47/SqFt more than other homes in Salem, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73219947

Listing Office:

  • Office Name: Keller Williams Realty Boston Northwest
  • Listing Agent: Cheryl Colarusso

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 11:25:15 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 30, 2021Home Sold
$499,000
Apr 25, 2003Home Sold
$257,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,291$383,400
2020$5,192$359,300
2019$5,151$341,100
2018$4,808$312,600
2017$4,465$281,500

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4443181
3
/10

  • Witchcraft Heights

  • 1 Frederick St

  • 0.40 miles

  • Public District Grades KG-5

school-card-donut-4443182
5
/10

  • Bates

  • 53 Liberty Hill Ave

  • 1.14 miles

  • Public District Grades KG-5

school-card-donut-4443183
4
/10

  • Carlton

  • 10 Skerry St

  • 1.46 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4443184
4
/10

  • Collins Middle School

  • 29 Highland Ave

  • 0.51 miles

  • Public District Grades 6-8

school-card-donut-4443185
2
/10

  • Nathaniel Bowditch

  • 79 Willson St

  • 0.83 miles

  • Public District Grades KG-8

school-card-donut-4443186
4
/10

  • Saltonstall School

  • 211 Lafayette St

  • 1.16 miles

  • Public District Grades KG-8

High School

school-card-donut-4443187
3
/10

  • Salem High School

  • 77 Willson St

  • 0.90 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,673. Residents of Salem, MA typically earn between $35k-100k each year. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Salem›01970›21 Nichols St

This home is located at 21 Nichols St in Salem, MA and zip code 01970. This 1,280 square foot home, which was built in 1961, sits on a 0.06 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 04, 2024 and is currently priced at $549,900.

While more than 18 listings in Salem, MA in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 10 were sold below. The number of listings in Salem, MA increased by 1.1% between March 2024 and April 2024. The median list price of listings available in April 2024 was $549,825, while the average time on the real estate market was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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