15 Ocean Ter
Salem, MA 01970
7 bd 7 ba 4,500 sqft Built 1900 Lot 5,667 sqft multi_family
Most recent sale
$1,200,039
Aug 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 29, 2022 | Sold | $1,200,039 | MLS #73010025 |
| Jul 11, 2022 | Listed | $1,095,000 | MLS #73010025 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $882,900 | $229,500 | $1,112,400 | $12,615 |
| 2024 | $750,500 | $218,100 | $968,600 | $11,255 |
| 2023 | $619,300 | $183,000 | $802,300 | $10,037 |
| 2022 | $474,600 | $176,900 | $651,500 | $8,632 |
| 2021 | $446,300 | $164,700 | $611,000 | $8,432 |
| 2020 | $411,300 | $155,500 | $566,800 | $8,190 |
| 2019 | $372,500 | $147,600 | $520,100 | $7,854 |
| 2018 | $324,200 | $140,300 | $464,500 | $7,144 |
| 2017 | $314,500 | $118,300 | $432,800 | $6,864 |
| 2016 | $314,500 | $112,800 | $427,300 | $6,696 |
| 2015 | $305,300 | $103,700 | $409,000 | $6,712 |
| 2014 | $280,100 | $103,700 | $383,800 | $6,421 |
| 2006 | $322,100 | $133,700 | $455,800 | $5,110 |
| 2005 | $312,000 | $123,800 | $435,800 | $4,959 |
| 2004 | $292,800 | $114,700 | $407,500 | $4,772 |
| 2003 | $172,500 | $127,500 | $300,000 | $3,861 |
Property facts
Year built
1900
Property type
multi_family
Stories
7
Beds
7
Baths
7
Living area
4,500 sqft
Lot size
5,667 sqft
ZIP code
01970
City
Salem
Street
Ocean Ter
Coordinates
42.50824, -70.88828
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$13,050
Gross rental yield
13.05%
Implied cap rate
8.48%
Trend-extrapolated value
—
Frequently asked questions
When did 15 Ocean Ter last sell?
15 Ocean Ter most recently sold on Aug 29, 2022 for $1,200,039.
What is the current tax assessment for 15 Ocean Ter?
The most recent total assessment for 15 Ocean Ter (year 2025) is $1,112,400 with $12,615 in property tax.
How does 15 Ocean Ter's assessment compare to its last sale price?
The current assessment is 7.3% below the last sale price of $1,200,039.
When was 15 Ocean Ter built?
15 Ocean Ter was built in 1900.
How does 15 Ocean Ter compare to others on Ocean Ter?
We track 7 other properties on Ocean Ter. Browse the list under "Other properties on Ocean Ter" to compare beds, baths, and sale history.
What are the property facts for 15 Ocean Ter?
15 Ocean Ter is a 7 bed, 7 bath, 4,500 sqft, 5,667 sqft lot multi_family.
Is 15 Ocean Ter a flip candidate?
No — 15 Ocean Ter does not appear in our flips dataset.
Is 15 Ocean Ter a tax-appeal candidate?
No — 15 Ocean Ter is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
-0.1%
2026 Q3
$565.8K
2026 Q4
$565.7K
ZIP 01970 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ocean Ter