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Property profile & analytics
OFF-MARKET
Hotels
331 Essex St Salem, MA 01970-3262
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0891919
Property profile
Verified
Property type
Hotels
Use group
HOTEL-RESORT
Year built
1854
Construction
FRAME
Total area
5,312 SF
Lot
0.17 ac (7,501 SF)
Zoning code
R2
APN
SALE M:26 L:0484
UPID
US38-0891919
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Curwen House - The Salem Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Curwen House LLC · 5 yrs held
Curwen House LLC
since 2021
Last sale
$100,000
7 recorded transactions
Zoning & alternative use
R2 · Salem, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Intent of this To promote Residential Two Family Uses
Zone name
Residential Two Family
General category
RESIDENTIAL
Zone area
563.08 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Salem submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Salem submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$21,800
Tax year 2024
Assessed value
$920,200
Assessed 2024
Previous assessed
$920,200
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$393,800
Assessed improvement
$526,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL-RESORT
Status
Off-Market
Year built
1854
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
3
Units
11
Rooms
11
Bathrooms
12
Total area
5,312 SF
Lot
0.17 ac (7,501 SF)
Zoning code
R2
APN
SALE M:26 L:0484
UPID
US38-0891919
Jurisdiction
SALEM
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
R2 · Salem, MAZoning R2 · permitted uses
R2 · Salem, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Intent of this To promote Residential Two Family Uses
Zone name
Residential Two Family
General category
RESIDENTIAL
Zone area
563.08 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1854
Construction
FRAME
Heating
STEAM
Stories
3
Buildings
1
Units
11
Rooms
11
Bathrooms
12
Lot
0.17 ac
Current owner
From public records · entity-resolved
Curwen House LLC
Entity
Free & Clear · 5 yrs held
Mailing address
35 WINTER IS RD, SALEM, MA 01970-5766
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
—
Curwen House LLC
Essex Street Ret
Quit Claim Deed
related
—
Dec 11, 2001
—
St Real Est T Essex
—
Deed Of Trust
related
$1,400,000 · Beverly Cooperative Bank
Sep 13, 2001
—
St Real Est T Essex
—
Deed Of Trust
related
$500,000 · Massachusetts Dev Fin'l Agency
Oct 14, 1997
—
Street Ret Essex
—
Deed Of Trust
related
$235,509 · Gary Needham
Jul 8, 1994
—
Richard J Pabich
—
Deed Of Trust
related
$220,000 · Gary Needham
Nov 23, 1993
$100,000
Richard J Pabich
Progressive Cons F C U
Grant Deed
$70,000 · Progressive Cnsmr FCU
Mar 9, 1993
$85,750
Progressive Consum FCU
Howe,alan T
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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