Financial
Distress signals
Property profile

43 Essex St Salem, MA 01970

OFF-MARKET
Auto shops
Property ID
US38-1211591
1,512 SF 0.05 ac lot Built 1940
Last sale Mar 2021 · $200,000
Individually Owned Owner of record is an individual. 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 43 Essex St in Salem, Massachusetts is a mixed-use auto repair building operated with related services, configured with two repair bays on the first floor. The second floor contains two offices and a bathroom. An unfinished third-floor level provides additional interior area that could be finished for future buildout. The building is situated on a corner lot and has been used in connection with licenses for auto repair, used-car sales, welding, motor fuel, flammable-material storage, and towing under a DPU special permit.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$5k
Tax billed · 2024
Assessed value$224k
Assessed land$153k
Assessed improvement$71k
Effective rate2.37%

Value estimate

· Sep 2026
$255k
$230k – $281k
AI approach$285k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$240/SF
County average, outlier-cleaned · 111 recorded sales of this use type
Observed band · Q1–Q3$150 – $357
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
R2
The Intent of this To promote Residential Two Family Uses
General categoryRESIDENTIAL
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner10.2
Computer & Electronic Repair9.6
Locksmith9.6

Location

43 Essex St Salem, MA 01970-5256
County assessor Recorded deeds · 3 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
97 Ocean, Salem, MA 01970-4640 $750,000 Dec 2024 2,400 SF
56 Swampscott, Salem, MA 01970 $185,000 Sep 2024 750 SF
25 Boston, Salem, MA 01970-2103 $550,000 Feb 2024 2,904 SF
62 Jefferson, Salem, MA 01970-2924 $650,000 Apr 2022 3,710 SF
119 Webb, Salem, MA 01970-4018 $131,000 Jan 2022 1,800 SF
53 Canal, Salem, MA 01970-4843 $475,000 Sep 2019 1,554 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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