71 PALMER STREETFrIV-1AP NO. . • LOT NO. PROPERTY RECORD - CITY OF SALEM 'WARD &PRECINCT) CARD NO. MEMORANDA
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034 0189 71 PALMER STREET RECORD OF OWNERSHIP NUii MB R DATE BOOK PAGE key; e w
WEINSTEIN CECIL H
05575
98 STANLEY RD 0771 +
r
SWAMPSCOTT MASS 69
AC. S.F. 3240 VALUE 900
RLDG 16000
/y -0Y VERIFICATION OF INSPECTION
Cv" ��� /l/ U / 0.0r`" f ASSESSMENT RECORD
J
1975 19 fro 19 19 19 19 19 19 19 19 APPEAL DATA
DWE LLING
GARAGE Appeal
Granted
Denied
SWIM POOL Value Land
APARTMENTS Change Building
CONDO
COMM OR IND
TOTAL VALUE BUILDINGS -.5-1/61)
TOTAL VALUE LAND /Dp
TOTAL VALUE LAND &BUILDINGS q 1„!.O a
CONSTRUCTION Size Area Class Age Remod. Cond. Repl. Value Phys
Phys. Value o P. Sound Value
11 14 15 18 19 22 23 25 26 29 30 31 32 37 38 39 40 45 46 47 48 53
PHOTOGRAPH
PERMIT COMP. DATE Total
LAND VALUE COMPUTATIONS
Square Unit Unit Square Ft. come,Infl Total Depr.% Value
3 Footage 6 7 10 11 Price�r 14 15 % 17 18 Price 23 24 25 26 32 33 34 35 41
r 2 o !/? 7 , U -.r S L^_ i 41 d
RENTAL EXPENSE ITEMS 1 PROPERTY INFORMATION
VACANCY 70 O LAND COST
HEATING _ A—COL% BLDG.COST
WATER W
SALE PRICE
ELECTRICITY GROSS ANNUAL INCOME /.Z3.5
JANITOR , LESS EXPENSES 7.3 w _
MANAGEMENT 700 NET INCOME ? 7 Z b - _ .
74 S ko LAND @ %= 42-52 LAND RECORD Total Value Land
A4,00"ij 7 BLDG. @ %= Sewer No Street E High I '-
® I .
Water B Dirt Street F Low j A Total Value Buildings Fi 7 h( �y
i Gas ) Paved G Level ,K ! S./
L fOTAL FLAT EXPENSES 41634 TOTAL • Total Value Land and Buildings U
Elec. (D No Sidewalk H
I / BUILDING RECORD 1-0, ,.y, ���.,, /- C( WHIPPLE,MAGANE AND DARCY CONTROL No. -411111
MEASURED BY 1.3 12 !DATES/ 23 LISTED BY I ? I- I DATES 7f` /► 75 80
SEMI MOD MOD BATH KIT f�., 2 �'/ � "% `/�P X y BLOCK LOT
EXEMPT BLOCK LOT CLASS `�1 SEMI MOD BATH / ' S/ �- a'i
1 LJ 1 I I L3 I9-I I. I I/ ISISJ Ii' IV •owl +-,' ,-�- $ COMPUTATIONS
TSTORE FRONT
6 7 11 12 16 17 20 FIRE PROOF CONST
3 r�, CVS NO. AREAOR UNIT TOTAL
SERIAL NUMBER DATE BUILT SHEET 1OF'I MILL CONST 4 j r.P1)5
S ITEM COST
I. I I I I / 14-I I I I I I I / I L1J4 s�',�i 1 5 OTY.
REINF CONC BEAMS&COLS 1
21 26 27 32 34 STEEL FRAME 24' ZZZ(� 4/�,/i,y ..
STEEL BE-AIMS-&COLS saw
EXTERIOR WALL VARIATIONS �S *11 4 $O
DESIGN STEEL TRUSSES
RANCH 1. Common Brick V/F 5. Face Brick V/M STEEL OR BAR JOIST I IIIM b -14' $.C.e. -�� — 70- 1
2. Face Brick V/F 6. Cut Stone V/M TIMBER BEAMS&-eet8- .6/. 8,.
SPLIT LEVEL or BY LEVEL 3. .Cut Stone V/F 7. Perna Stone WOOD TRUSSES ADDITIONS OR DEDUCTIONS
aq41. tea. [ /��4)COLONIAL 4. Common Brick V/M SPRINKLER SYS / �/w (
CAPE COD TYPE STORIES LINEAL FEET PASS ELEV 77
CONDO r� '� ■ FREIGHT ELEV
q. -3
CONVENTIONAL 35 36 37 38 40
MODERN FINISHED ATTIC OR SECOND FLOOR FLOORS - 5 8" -
RAISED RANCH B 1 2 3 4 IV[ D
SINGLE FAMILY Cement / O'L
FAM. FLAT Fin.Area 43 I I I 146 Hardwood Pine /,/?,-----",!
FAM. DUPLEX Fin.Attic% r
FAM. CONV. % 47 I 150 Single Fl. eiY_t,----•••''"''•r
Unfinished%Story 51 I I I 153 Asph.Tile
COMM.PARTMENTS r DORMERS Wood Joist wp„(,V i�6 r
A
TOTAL No.of Fam. (50) NUMBER SWZE NUMBER SIZE Reinf. Conc. 7
INDUSTRIAL Li_J54 55 56 57 5r 8'59 60 61 !/Ilw, d t, '( .. r ,..
FOUNDATION .4 ,1,,.,� 0j,/a, ,w.-. L - i -�'w
CONCRETE BASEMENT AREA
I
CEMENT BLOCK Rec.Room%��__1LLI__J WI I I SALE $ I I ISIBIeIoI.I3 OVERALL DIMENSIONS BASEMENT
62 6364 65 66 67 68 STORIES WIDTH LENGTH AREA FULL-%
BRICK DATE 36 J/I9I;
STONE No Concrete Floor 0 69 I I LJ'JI W I I I I I 1 ! I I
CAP IMPROV $1 II I I I I 159
,t 40 41 42 43 I44'45 46 49 50 52 TOTAL ``/ ,ZU
ROOFING /° Dry Wall 0 2 Plaster la 1 ---� 1 WI I I I I I 1 ■ I I COST
FACTCON VER$I IN /
ASPHALT,ASBESTOS Air Cond. 0 4 Percent I • I I 1 DATE 621 I I I I65 2 3 4 5 6 7 8 11 12 14 /
R
REPLACEMENT/
WOOD SHINGLES 5 6 7 1_ _I IU I I I I I I 1 ■ I I VALUE /9 7 &
/ /y D ?.."
D.
BATH ROOMS 27 28 29 3031 32 33 36 37 39
SLATE ■U I I I I I I I 1 !_i_J PHYSICAL DEP. 9 /D
FIXTURES NO. FLOOR WAINS BOTH
TAR &GRAVEL
1 I I 1 2 3 40 41 42 43 44 45 46 49 50 52 VALUE/4 y Z 6 i"'8 V/, .
COMPOSITION 8 9 (10) BUILT IN PORCH PATIOS FUNCTIONALOJ D
SHED DORMER LF L1 L� 1 2 3 TYPE STORIES WIDTH LENGTH AREA Type Width Length Area , ECON.OBS. t,?
PICTURE DORMER LF 11 12 (13) E O G (53) W W W 1_ I 1 1 CEMENT L I I I I I I I I I w 5%) /
LJ
EXTERIOR WALL TYPE L_J1 2 3 54 55 56 57 58 59 606162I 2 CARPORT 2 3 4 5 6 7 8 9
A. FRAME WITH WOOD, 14 15 (16) 30THER L_J I I I I I L I I I
ASBESTOS,STUCCO, 1.---
FIREPLACES WIDTH LENGTH AREA 10 11 12 13 14 15 16 17 SUMMARY OF APPRAISED VALUE
ALUM,SIDING (19) 1 1 ON 1 Li 2 ON 1 U BUILT IN GARAGE III III I I I I BAY WINDOWS NO.I I I STORIES I I 1
18 19 20 21 22 24 25-26 27-28— PRINCIPAL BLDG.
B.CONCRETE BLOCK BSMT (No.of Cars) 1 0 2 CI3 0 25 PORCHES MISCELLANEOUS ADDS OR DEDUCTS APPRAISAL $ 7 46 0
ON TILE-STUCCO ON CODE DOLLAR AMOUNT OTHER PRINCIPAL
HEATING 26 ROOMS B 1 2 3 TYPE STORIES WIDTH LENGTH AREA BLDGS.APPRAISAL $
BLOCK OR TILE (19) /.---- 0 0 NONE Living 2. �. L- �, E O G (33) I_I I I I I I I I I I I I 43 I_ I I 145 46I I I I 149 ACCESSORY BLDGS.
C. BRICK OR STONE 1 OFORCEDHOTAIR Dining • 34 35 36 37 38 39 40 42
E O G (50) I—I L_LJ L_LJ l I I I 661 I I 162 63L I I I 166 APPRAISAL $ 1
VENEER (19) E 2 OSTEAM 1 PIPE Bed 2. 4 G (.;•- 51 52 53 54 55 56 57 59 TOTAL BLDG.
E O G (2) ICJ III L_LJ I I I I 121 I I 114 151 I I I I18 APPRAISAL $ lj D
D.SOLID BRICK$ft-- Kitchen cr L Z- Z. 3 4 5 6 7 8 9 11
STONE (19) 73 OFLOOR OR WALL _ TOTAL LAND
Rec. Rm. Finish
-- - — - - 4 QCeilingRadiantElec. Width ATTACHED GARAGE Physical Depr. 19L I 120 APPRAISAL
Over Ci J
OTHER - 5 ['Baseboard Electric Apts. 23 I I 124 251 I 126 271 I I 129 L.J30 Economic Obs. 211 I 122 $ /f 1
Office TOTAL APPRAISED $ 7�-s° 0
6 ['Floor Radiant Elec.7 0Floor Radiant Hot Stores Other Accessory Bldgs 31 I I I I II VALUE
Water
8 0 Gravity-Pipeless 9,1iff Steam 2 Pipe Total Land Value 42 I 01 CI i I a 1/ k2 1 148
PIP
c_ , ,, rti 1<' /9, Th MAP % LOT /
APPLICATION FOR REVIEW OF REAL ESTATE ASSESSMENT
•
Address of Property 71 Palmer St.
• Owner on January 1, 197 4 Cecil Weinstein
. Year Land was Purchased Amount Paid
Year Land and Bldgs. Purchased 1965 Amount Paid 27,000.
Approximate Age of House Approx. 60 yrs. ' Original Cost, if Known
Approximate Age of Other Bldgs. Original Cost, if Known
Give the approximate cost of any other improvements or alterations not included above: Heat installed
Year Installed ....1966 Cost Approx. 6000.
7':t-1s of Improvements Heat installed
is;> the costs given above include the value of all labor and materials necessary to complete the construction? If not, please explain
Were the buildings constructed by a contractor or by the owner? Unknown
The total Fire Insurance coverage on the buildings is 40,,000
"'otal rentals received per Month 955.
present Mortgage on the property is 64$64.
j: :e to sell the property at the present time, what would you expect the Sale Price to be? 40,000—b5,000.
any other factors that you wish to be considered. Lower Palmer St. is in an area that has deteriorated
has a high vacancy.fbctor due to area, with a high eviction rate.fot ton-pa ea't"ef rent.
There is an added less of supplying heat and het water to tenants who de not pay.
Maintainance figure high due to broken windows, broken perches,renovating apartments and
repairing damage.
r q
Signed �2iv( 2'GW�^ Date ,,�71.(..1/�
i f e.on aLmosf had 4 Li' -tut SciDOU 4-11eLN c L `eU.
..._.a., Y � ....vW^e�.�. ,,.;�*,�:r;§?. :.K,a-:;ah @ ,_z;Fay._, c « t_ . Ys4.-.t >a r..��c.^;c.,.,44,-*4.iv. .... ..:. ?.."Vt,1 ` 8n,
REVALUATION PROGRAM
CONF'IDENTIAL INFORMATION
Please Return to the Assessor' s Office
Town Ball Salem, Massachusetts 01970
Map fig- Plot /Q 9 Property Address j/ � ��� S/1-'4'— t-
owner1/1.22;y-rS:2;;iy, Oe d l
1. (a) Year property purchased 1966 Purchase Price *
(b) Year building was erected widomm
(c). Original Cost if known uulaiewn
(d) Did contract include complete price , Including con-
tractor's profit and overhead and architect ' s fees?
if not , please explain.
(e) Did you subcontract the construction?
2. Give year, cost and brief description of all major
additions or alterations to property.
3. Rental Data
i) First Froor
Unit Type of Occupancy- Year Lease Year ' °Present Gross
(Office , Apartment , Negotiated or Lease !Monthly Mo.
Store or Other) Tenant at Will ? Expired !Rent Rent
First Occupied
1 1 1 .126.0o m.,
2. N '
- _ 1973 -- 1 540.-.M....__
3.
1 .
5.
* Purobasei is package deal with ether properties.
L
1
4 • %
3. Rental Data (Continued)
Floor Type of Occupancy- Gross Rent Services Furnished
(Office, Apartment, Per Month Tenent
Store or Other ) Show V if Vacant
(b ) 2 1 Apartamat $1924on mo, Hoots hot motor
2 a a
4
6
7
(c ) 3 1 Apartment $25400 Wk.
2 $130.00 Me
3
5
(d) 4 I Apartment
• $1,40 00 Mo. ;
2a •
$ 25.00 Mgt--
3
4
5
(e ) 5 1
2
4. 0perating Expense Last Three Years $1,534. $1!484. ' 44354.
Heat 1972 : 171
Electricity 48. 1 1464 _ 1094
Water 188. 1 392. 2o21L
Janitor
Insurance(Pro Rata Annual) ---- • 800. 800.
Maintenance
'Management 11100.
Other Expense
—
Other Expense
Other Expense 1 •
•
5. Does the lease contain a tax clause or any other clause that
reimburse owner any or part of operating expenses? All tevinnts n+ tl •
If there is a tax clause, please state the base year of said
clause and the amount over base year that the tenant pays.
Please list any other clauses that reimburse owner any part
of operating expenses.
6. If owner occu ied please state gross amount of sales for the
occupied,
following years.
1970 1971 1972
6A Nature of business
7. Actual gross income from property:
1970 $10,712, 1971 $10038. 1972 $11,252.
8. Any other factors affecting the value of the Property:
This property is in a vary poor rental area and responsible tenants 1
are not easy to obtain. It is not unusual to have a high vacancy
expense in operation. — -------- —
9. At present there is a physical appraisal being made of the
property under the equalization survey now in progress . The above
information requested is to determine economic factors affecting tl
-value of the property normally considered in commercial proper-
ties . This information is for the use of the Assessor ' s Office
and the Appraisal Concern only and shall be retained by the
Assessor ' s in a confidential file. It shall not be placed with
other records and data available for public inspection at any time
without the written consent of the property owner. -
Date 0£/73 Signed .-- e-c,