14 days on rocket

3 S Shore Rd, Salem, NH, 03079

$2,400,000

Home List Price

$10,000*

Closing Credit

14 Bedrooms
9 Full Baths
7,674 SqFt
$313/SqFt
Multi

Location

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3 S Shore Rd, Salem$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Year Built1880
BasementYes
WaterfrontBeach, Lake Front
MLS #73316813
Lot Size1.80 Acres
StatusActive

About 3 S Shore Rd

Excellent location just a few minutes from I93 exit 2 on a large almost two acre lot in a low density single family neighborhood. This 9 unit building oncity sewer has a large welcoming back yard, extra land and ample paved parking. Most apartments have been freshly renovated with new kitchens with granite tops andsleek stainless steel appliances, new baths, new or gleaming refinished hardwood flooring, LED lighting, new decks, sliding doors and windows. Each apartment hasseparate heat and electric and produces an 8% capitalization rate. There is a large large U-shape drive and parking area with a total of three curb cuts on 396 feet ofroad frontage. Principals of selling entity are licensed real state agents.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 7,674 SqFt

Listing Office:

  • Office Name: RE/MAX Area Real Estate Network
  • Office Phone: (603) 580-4808
  • Listing Agent: Steven Cotran

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 9
  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Waterfront: Beach, Lake Front

Parking Information:

  • Parking: Paved Drive, Off Street

Lot Features

Lot Information:

  • Lot: Gentle Sloping
  • Lot Size: 1.80 Acres

Other

Directions Information:

  • Directions: I93 Exit 2, East on Pelham, 1st left at light on N Policy to Brookdale to Lake Shore to cornerof S S

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $313/SqFt

Tax Information:

  • Annual Amount: $10,726
  • Tax Year: 2020
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Housing Market Comparison

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

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Salem, NH

City

Med. Sold Price

$625K

Med. Price/SqFt

$309

Avg. Days On Market

43

# of Sold Homes

31

3 S Shore Rd vs Salem

14 DAYS ON ROCKET

-29 Days

$2,400,000

+$1.7M More

$313/SqFt

+$3 More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price and $3/SqFt more than other homes in Salem, NH.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73316813

Listing Office:

  • Office Name: RE/MAX Area Real Estate Network
  • Office Phone: (603) 580-4808
  • Listing Agent: Steven Cotran

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.
Last updated on: 12/18/2024, 8:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$10,726$487,100
2019$10,706$487,100
2018$10,526$487,100
2017$10,151$487,100

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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NMLS#3030

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.

Nearby Schools

school-card-donut-4458425
6
/10

  • Mary A. Fisk Elementary School

  • 14 Main St

  • 0.91 miles

  • Public District Grades KG-5

school-card-donut-4458426
6
/10

  • William E. Lancaster School

  • 54 Millville St

  • 1.41 miles

  • Public District Grades KG-5

school-card-donut-4458427
6
/10

  • Windham Academy Public Charter School

  • 1 Industrial Dr

  • 1.63 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $76,738. Most Salem, NH residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›New Hampshire›Rockingham County›Salem›03079›3 S Shore Rd

This home is located at 3 S Shore Rd in Salem, NH and zip code 03079. This 7,674 square foot home, which was built in 1880, sits on a 1.80 acre lot. Features: 14 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since December 03, 2024 and is currently priced at $2,400,000.

In November 2024, from all listings sold in Salem, NH there were more than 17 sold above asking price, over 11 sold below and more than 3 were sold right at the asked price. Between October 2024 and November 2024, Salem, NH real estate market has seen decrease in the number of listings by 7.2%. The median list price of listings available in November 2024 was $625,000, while the average time on the real estate market was 43 days.

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

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