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SOLD 11/9/2022

268 Washington Street, Salem, MA 01970$1,500,000

10
beds
5
baths
7317
ft2
· 5275
ft2 lot
$205 / ft2

Listing provided courtesy of Listing Broker: Tsakirgis Team, RE/MAX Property Shoppe, Inc.
Source MLS PIN;
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Cheers to this! This wonderful property is being offered as a package 268 Washington Street a lovely all brick detailed 3 Unit building with garage that houses the famous Pub for over 40+ years ( includes the business) 2 units above the Pub are 6/6 rooms and price includes 2 Ropes Street 2 family 5/7 rooms Please keep in mind the rent is very well below market because of certain relationships between owner/tenants. The top floor unit of 2 Ropes is vacant tenant is TAW All units are separate utilities all units need updating but are well cared for 268 Washington street 2 residential units heating systems/hot water 2020 and Pub's systems 2021( includes C/A split system) Pub occupies lower level for storage , refrigeration and office Total of 4 residential units plus1 commercial unit where Pub is located 268 Washington is mixed use & 2 Ropes is multi family. Pre approval/letter of intent required for showing

HOA

No HOA

On market

4 months

Year built

1915

Property type

5+ Family 5+ Units Up/Down

Parking

6

MLS

72995170

Price / Sq.Ft.

$205 / ft2

Status

Sold

Buyer’s Brokerage Commission

2.5%

Home details for 268 Washington Street

Interior Features & Layout
Rooms Info
•   
Additional Rooms: Living Room, Dining Room, Kitchen, Living Room, Dining Room, Kitchen, Living Room, Dining Room, Kitchen, Living Room, Dining Room, Kitchen
•   
Total Levels: 3, 9, 6
•   
Total Levels Unit 1: 2, 1
•   
Total Levels Unit 2: 3, 1
•   
Total Levels Unit 3: 1, 1
•   
Total Levels Unit 4: 2
•   
Total Rooms Unit 1: 6
•   
Total Rooms Unit 2: 6
•   
Total Rooms Unit 3: 5
•   
Total Rooms Unit 4: 7
•   
Total Rooms: 25, 26, 25
Interior Features
•   
Electric Details: Circuit Breakers
•   
Utility Description: Water, Water, Water
Heating & Cooling
•   
Heating Description Unit4: Gas
•   
Cooling Zones: 1
•   
Heating Units: 5
•   
Heating Description Unit 1: Gas
•   
Cooling Units: 1
•   
Heating Zones: 5
•   
Heating Description Unit2: Gas
•   
Heating Description Unit3: Gas
Appliances
•   
Hot Water: Natural Gas
•   
Unit 4 Appliances: Range
•   
Unit 3 Appliances: Range
•   
Unit 2 Appliances: Range
•   
Unit 1 Appliances: Range
Flooring
•   
Unit 4 Floor Level: 2
•   
Flooring: Wood
Bedrooms Info
•   
Total Beds: 10
•   
Unit 4 Beds: 2
•   
Unit 3 Beds: 2
•   
Unit 2 Beds: 3
•   
Unit 1 Beds: 3
Bathrooms Info
•   
Full Baths: 4, 4
•   
Half Baths: 2, 2
•   
Unit 4 Full Baths: 1
•   
Unit 3 Full Baths: 1
•   
Unit 2 Full Baths: 1
•   
Unit 1 Full Baths: 1
Property, Lot, Community & Exterior Features
Property Features
•   
Beach Description: Harbor, Ocean
•   
Beachfront
•   
Beach Ownership: Public
Community Info
•   
Total Units In Complex: 5
Exterior Features
•   
Color: brick
•   
Building Exterior Details: Wood, Vinyl, Brick, Porch
Property Type
•   
Property Type: 5+ Family - 5+ Units Up/Down
•   
Mls Prop Type: 5+ Family - 5+ Units Up/Down
•   
Mls Property Type: Multi-family
Parking Info
•   
Garage Spaces: 1
•   
Parking Descriptions: Off-Street, Paved Driveway
Community Features
•   
Area Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School
Lot Info
•   
Zoning: R3
•   
Year Round
•   
Lot Description: Level
•   
Acres: 0.12
Building Info
•   
Sqft Source: Public Record
•   
Square Ft. Disclosure: for 2 properties 268 washington 5030 and 2 Ropes 2287
•   
Foundation: Brick, Granite
•   
Roof: Asphalt/Fiberglass Shingles
•   
Year Built Description: Actual
•   
Lead Paint: Unknown
•   
Year Built Source: Public Record
Basement Info
•   
Basement
•   
Basement Details: Full, Partially Finished
Utilities & Other Information
Water & Sewer Info
•   
Water Source: City/Town Water
•   
Sewer: City/Town Sewer
Listing Details, Costs & Financing Information
Listing Info
•   
Offline Listing Number: 3448280
•   
Status: Sold
Financial Info
•   
Fin Code: Conv. Fixed
Lease Info
•   
Gross Income: 34800
•   
Net Operating Income: 34800
•   
Monthly Rent Unit 3: 1100
•   
Total Rent: 3000
Terms
•   
Exclusions: Pub inventory /licensing is separate from asking price
•   
Terms Feature: Contract for Deed
Listing Details
•   
Disclosures: being sold as a package 268 Washington and 2 Ropes and full business Pub Major MagLeashes's living space, lot size and #rooms, assessments , taxes are for both properties TOGETHER look at MLS attachments
Tax/Assessment Info
•   
Tax Year: 2022
•   
Assessed Value: 1162000.00
•   
Taxes: 18870.88
Listing Contacts
•   
Selling Agent: CN241033
School Neighborhood & Directions
Location
•   
Street Number: 268
•   
Map Book: 8174
•   
Beach Distance: 1 to 2 Mile
•   
Map Page: 524
•   
Directions: right on Washington street closer to downtown area
•   
Road Type: Public
Other
Other
•   
Main So: AN7079
Calculation
•   
Price Per Sqft: 205.00
•   
List Price Per Sqft: 204.44
•   
Sold Price Per Sqft: 205.00
•   
Cdom Property: 76
•   
Cdom Broker: 76
•   
Cdom: 76

Neighborhood snapshot

34
Properties for sale
17
Median days on market
$345.63
Median sold price/sqft
103.57%
Sold/List %
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Property History for 268 Washington Street

11/08/2022
11/08/2022
MLS PIN #72995170
sold
MLS PIN #72995170
$1,500,000
+0.27%
10/19/2022
10/19/2022
MLS PIN #72995170
pending
MLS PIN #72995170
$1,495,888
06/28/2022
06/28/2022
MLS PIN #72995170
pending
MLS PIN #72995170
$1,495,888
06/09/2022
06/09/2022
MLS PIN #72995170
active
MLS PIN #72995170
$1,495,888

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