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296 WASHINGTON STREET MAP NO. t LOT NO. PROPERTY RECORD -CITY OF SALEM (WARD &PRECINCT) CARD NO. MEMORANDA 034 0257 00296WASHINGTON STREET RECORD OF OWNERSHIP PHOTO DATE BOOK PAGE NUMBER BOUCHARD RAYMOND E BOUCHARD ALMA A 5649 " 277 LAFAYETTE ST f-vr .•rr► < �< •z.Os�.s 616 SALEM MASS 69? '� 4,.,y1�<,-5, es, 4 i?-,sk T03 AC. S.F. 7693 VALUE 3700 441 Tjo:.s r.,ruc 7:...:r HOUSE - '°s' ✓ 1i , O U VERIFICATION OF INSPECTION /5`o3 `,J0 /// / C Du-6 0-/ ASSESSMENT RECORD ,1975 19 19 19 19 19 19 19 19 19 APPEAL DATA DWELLING GARAGE Granted Appeal Denied SWIM POOL Value Land APARTMENTS Change Building CONDO eZf4 f`1'.. °`"• COMM OR IND TOTAL VALUE BUILDINGS TOTAL VALUE LAND • TOTAL VALUE LAND &BUILDINGS CONSTRUCTION Size Area Class Age Remod. Cond. Repl. Value Phys. p. Phys. Value Dep.. Sound Value 11 14 15 18 19 22 23 25 26 29 30 31 32 37 38 39 40 45 46 47 48 53 I. PHOTOGRAPH I I 1 I 1 1 _I 1 1 1 1 1 1 1 I I I I I 1 1 l 1 1 1 I I I 1 PERMIT COMP. DATE Total LAND VALUE COMPUTATIONS Square - Unit Unit Square Ft. Corner infl Total Depr.% Value 3 Footage 6 7 10 11 Price 14 15 % 17 18 Price 23 24 25 26 32 33 34 35 41 RENTAL EXPENSE ITEMS PROPERTY INFORMATION VACANCY IS-6 0 LAND COST HEATING s1J C 7 BLDG.COST J WATER SALE PRICE ELECTRICITY 111' GROSS ANNUAL INCOME ?a 2 C 4/ JANITOR LESS EXPENSES ‘ 2. U/ MANAGEMENT 1.00 NET INCOME fLZ 3 1474 Al 20 LAND @ %= 42-52 LAND RECORD Total Value Land r it, BLDG. @ %= Sewer /, No Street E High I Water 7 Dirt Street F Low j Total Value Buildings TOTAL FLAT EXPENSES Gas ¢� Paved Level , TOTAL Elec. 1 No Sidewalk H Total Value Land and Buildings Y • r �! / _, _ aI p BUILDING RECORD forty, , , T WHIPPLE,MAGANE AND DARCY CONTROL No. MEASURED BY I IDATE ('•�lo +ram LISTED BY I ,171 / I DATE? fit:)3 75 f t 80 7 SEMI MOD KIT Cf 1 , ' MOD BATH �/<�y— y3,jp BLOCK LOT • L� I EXEMPT,BLOCK � �y LOT C CLASS SEMI MOD BATH .-�_ /o m6 * G•So COMPUTATIONS 1 U l li J� /1-3Ici I 1 m o La I7 I7 I I I •f I/ I TSTORE FRONT _ / y4. !�''D f�� 50 6 7 1 12 16 17 20 FIRE PROOF CONST - `S /a NO. AOR REA UNIT TOTAL .SERIAL NUMBER DATE BUILT SHEET OF MILL CONST 1- --1a " , 7 ITEM OTTY COST LZJ I I✓I Iv I Ot I 34 I STEEL FRAMEBEAMS&COLS/ 47 GV 'y�0 �J�� y99'���5 f/_). 21 26 2' 32 1 EXTERIOR WALL VARIATIONS STEELS&COLS 1 e41-s �0 f*�a"Myer s DESIGN STEEL TRUSSES9 3 1. Common Brick V/F 5. Face Brick V/M STEEL OR BAR JOIST /=FZG a — �� �� RANCH 2. Face Brick V/F 6. Cut Stone V/M TIMBER BEAMSS / bibl + 810 SPLIT LEVEL or BY LEVEL 3. Cut Stone V/F 7, Perna Stone WOOD TRUSSES �3- 3(Z-- / 3 / ii i/ �� u *1 ADDITIONS OR DEDUCTIONS COLONIAL 4. Common Brick V/M SPRINKLER SYS 9- 1/� Of e CAPE COD PASS ELEV // 30 // // s�i 5 ' "f 7`�' TYPE STORIES LINEAL FEET Rom /) CONDO ' I FREIGHT ELEV ,2 — �7 // // 7 R CONVENTIONAL 35 3637 3I 8 40I a j/oor _ // N�,F. i giver MODERN FINISHED ATTIC OR SECOND FLOOR FLOORS-5 �-� ,.,^_ / °� // RAISED RANCH _ Bf 1 12 3 4J--3 rw--- .2 - a7 3 ,/ // V SINGLE FAMILY Cement / 'l -Li +'Y-.- 3 ad l/ • / �jOp 3 S ..-6-K. ' F1, FAM. FLAT 46 Hardwood �6�i eL Fin.Area 43 I I I I Pine '..-.7.,) ,r n f / FAM. DUPLEX Fin.Attic% 47 I I I 150 Single Fl. ` ���1' 3±o�10 i; 1 FAM.CONY. Unfinished'A Story% 51 I I I 153 Asph.Tile / a 61 COMM. 01 APARTMENTS DORMERS Wood Joist J/ - "^ 3 NUMBER SIZE NUMBER SIZE Reinf.Conc. }y-yA2 - TOTAL No.of Fam. 1501 INDUSTRIAL L J,J' L I JI L _l L_—' FOUNDATION 54 55 56 57 58 59 60 61 __ _J r 9,..„J -4...S.,_ BASEMENT AREA f CONCRETE CEMENT BLOCK Rec.Room/I � I I LI I I W I I I SALE 27$ I I7Ic la IRI33 OVERALL DIMENSIONS BASEMENT _ 62 6364 65 66 67 68 STORIES WIDTH LENGTH AREA FULL-% BRICK DATE 36Ii39 STONE /'No Concrete Floor 0 69 • ' I I I I I I I I I I I -1 i • I I CAP I MPRO V $ I I I I I I I59 40 41 42 43 44 45 46 49 50 52 TOTAL 1 S'h Get.) '. .". Dry Wall 0 2 Plaster AI • I I_L. I I I I [ I I I I 1 I I COST CONVERSION 1 DATE 62I I I I I65 2 3 4 5 6 7 8 11 12 14 FACTOR /..:) v ASPHALT,ASBESTOS Air Cond. 0 4 Percent I • I I REPLACEMENT I - I I I I I_ I I I I I 1 _J.—J VALUE • ).74:. 2G�WOOD SHINGLES 5 6 7 97� BATH ROOMS 27 28 29 30 31 32 33 36 37 39 SLATE I. • W �I�I I I I I I I 1 � PHYSICAL DEP. _30 TAR &GRAVEL FIXTURES NO. FLOOR WAINS BOTH Ir I EJ l 1 2 3 40 41 42 43 44 45 46 49 50 52 VALUE '�+_e`' 73,) COMPOSITION •8 9 (10) BUILT IN PORCH PATIOS FUNCTIONAL OR O SHED DORMER LF LI U 1 2 3 J,PE STORIES WIDTH LENGTH� ` AREA Type Width Length Area _ PICTURE DORMER LF 11 12 (13) B O J I(53) I hI ✓i '�-'1 I I I I 1 CEMENT 2 CARPORT L12 3 4 5 6 7 8 I 1 19 I EXTERIOR WALL TYPE LJ LI 1 2 3 l/ 54 55 56 57 58 59 60 61 62 A. FRAME WITH WOOD, 14 15 (16) 30THER LJ I I I I I I I I I I ASBESTOS,STUCCO, FIREPLACES WIDTH LENGTH AREA 10 11 12 13 14 15 16 17 SUMMARY OF APPRAISED VALUE BAY WINDOWS NO. STORIES PRINCIPAL BLDG. ALUM,SIDING (19) I-% 1 ON 1 u 2 ON 1 Li BUILT IN GARAGE III III IIII I25-2 �I--I �` 18 19 20 21 22 24 25-26 27-28— B. CONCRETE BLOCK BSMT (No.of Cars) 1 0 2 0 3 0 25 PORCHES MISCELLANEOUS ADDS OR DEDUCTS APPRAISAL $ / ' 0 0 (,) PORC, E ON TILE-STUCCO ONCODE DOLLAR AMOUNT OTHER PRINCIPAL BLOCK OR TILE (19) r ' HEATING 26 ROOMS B 1 2 3 E O G TYPE 133) STORIES I WIDTH LI NIGTI I AIREi I 43 I I I I45 46I I I I I4g BLDGS.APPRAISAL $ I 0 0 NONE Living �U ACCESSORY BLDGS. I 35 I I3I7 , 3I9 , I 4 2C. BRICK OR STONE 1r DFORCEDHOTAIR Dining E 0 G (50) I 1 I L 1 1 601 I I 162 631 I I I 166 APPRAISAL $ VENEER (79) 1 2 DSTEAM 1 PIPE Bed 51 52 53 54 55 56 57 59 TOTAL BLDG. D.SOLID BRICK OR Kitchen E 0 G (2) LL_I I_1 I I_L-I I I I I 121 I I 114 151 I I I 18 APPRAISAL $ /�'�SrD D b — 3 OFLOOR OR WALL STONE (19) 3 4 5 6 7 8 9 11 TOTAL LAND - — - 4 OCeilingRadiant Elec. Rec. Rm. ATTACHED GARAGE Finish Physical Depr. 19 Width Y P Is�IQ 120 APPRAISAL OTHER - 5 DBaseboard Electric Apts. 23I I 124251 I 126 271 I I 129 LI30 Economic Obs. 211 I 122 TOTAL APPRAISED $ /yam v , 6 ❑Floor Radiant Elec. Office 7 Floor Radiant Hot Stores Other Accessory Bldgs 3I I I I I I I VALUE $�2 y L.__ Water y� G 8 ❑Gravity-Pipeless 9 [!� Steam 2 Pipe Total Land•Value 42(U I O I I I / Ic 10 I U 148 , ..t. .,Ct,t4a3 " 0,1:` s , n .. b ; REVALUATION PROGRAM I CONFIDENTIAL INFORIMATION Please Return to the Assessor' s Office To Hall Salem, Massachusetts 01970 Map 3.11 Plot a Property Address 7 Owner r "3 Q_.0 f:�!.. �.�9 1Crvll7 1. (a) Year property purchased f ett,,1 Purchase Price t (U) Year building was erected I V ? (c) Original Cost if known (d) Did contract include complete price , Including con- tractor's profit and overhead and architect ' s fees? if not , please explain. (c) Did you subcontract the construction? 2. Give year, cost and brief description of all major additions or alterations to property. 3. Rental Data (a) First Floor Unit Type of Occupancy- J Year Lease Year ,Present Gross (Office , Apartment , Negotiated or ; Lease Monthly Mo. Store or Other) Tenant at Will ,Expired ',Rent Rent First Occupied 1. 3. .),147-i(1/ 5 • 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 2 4 1 5 6 7 (c ) 3 1 2 4 (d ) 4 I 2 (e ) 51 2 1+.Operating Expense Last Three Years Heat 1970:2v1A, 1,971 ' Electricity .)%4-1 .51LO Water Janitor 10,1)-131 Insurance(Pro Rata Annual) 3 a t Maintenance ut ki .1 Li. ckta•a 13 Management Other Expense St-14f, td-tianutv-S — Lq Other Expense tkol, rk - — Other Expense PaalLztak_tive,,01/k L, cf-da.V:2 1 trICA IN\ - Me - St r(RA • T I 5. Does the lease contain a tax clause or any other clause that reimburse owner any or part of operating expenses? 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 occupied, please state gross amount of sales for the following years. 1970 1971 1972 6A Nature of business � ,� .� � 7. Actual gross income from property: 3,9141 1970 1971 1972 8. Any other factors affecting the value of the Property: 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 t: 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 _ f /L);73 Signed L.. �1 �i�cs CtJ .''Iv= tt-WSJ .31.9.- l o w I,CJQs-ti lA_P-,v._i t; tta, OT.raA-.2..sz-Ato 1Z9,6Q.txt ) 1913 -LA4.--t-, 0-kcir-0-1"-)) tVAA-, n...LcLocryk..? ,fEii- tilt.) -tt,.0_, C -t-t:-Li rt-cievu2,0 tk ,_„Q rsc-4-A,44\ CA-0-1CL\a-1-C k4) ...t. tk,_ .1 btra(-r-0 i.„„.t._t.: .,.1_, MAP s `/ LOT 1 • APPLICATION FOR REVIEW OF REAL ESTATE ASSESSMENT • Address of Property •/ ‘. . !!/; sr�_.� - � • Owner on January i, 197 4 ?y. . . Year Land was Purchased Amount Paid Year Land and Bldgs. Purchased . . ...J%"�Y�`..�� �o.� Amount Paid ..(.ZC 3 .D.17.4 Approximate Age of House ..... ...tO..V...i2 .. • 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: Year installed Cost Details of Improvements Do 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? The total Fire Insurance coverage on the buildings is 7 � D pn 4 (Jac?I cs e Total rentals received per Month kfrag.f.e(A-Ake t(L7 1 • - The present Mortgage on the property is ....... �..7,.). 1i T f If you were to sell the property at the present time, what', would you expect�/ the Sale Price to be? ..l..s.4..e..D..1 List any other factors that you wish to be considered, ...1/�4�t �-� ! J� $Om e 6�'1 ' DW1 e 1 err /oo / ,b , Ld;n 01 Signed .. J .f ... St!l::t a /!..[?. (. 4..LR. 1-: ...�-• Date ,,l , .I 7 U bg RECOM• � 1,\ )Q ! INTV NO. MENOATION3 NC CM REV INSP INS BY REV. BY I NC CM r/ %/ s 1�1 O � 0 (� 7 INCOME AND EXPENSE ANALYSIS BUILDING RESIDUAL METHOD Name of client Address Property address x City ` Legal description Name of owner 3 1 7P one Address City INCOME GRID (1) (2) (3) (4) (5) (6) (7) NO. OF ROOM SO. FT. ACTUAL FAIR TOTAL UNITS COUNT AREA NOTES (describe if furnished, etc.) RENT RENT MONTHLY PER UNIT PER UNIT PER UNIT PER UNIT FAIR RENT $ $ $ Furniture value $ _ Effective age, years Gross monthly fair rent $ I Land value $ Remaining life, years (Multiply by 12 and enter on line 1 below) ANNUAL EXPENSES CAPITALIZATION PROCESS 1 ANNUAL FIXED CHARGES: 1. ANNUAL GROSS REVENUE $ Real estate tax $ . 2. Vacancy allowance Personal property tax $ © % (of annual gross) $ Insurance $ 3. ANNUAL EFFECTIVE GROSS �+ Other $ REVENUE (line 1 minus line ) $' Ji Z" OPERATING EXPENSES: 4. Management fee . . . . . ..�". . Ej $ _-• 7-� Electric $ 5. GROSS INCOME FROM PRO ERTY Water $ (line 3 minus line 4) $-S? ( f 0 6. Total annual expense $ 7‘ 57 Fuel $ 7. ANNUAL NET INCOME Rubbish hauling $ Advertising $ (line 5 minus line 6) $2 /c f 3 $ 8. Expected return on furniture investment Misc % of furniture value $ Misc $ A 0 9. E pected return on land investment rv, v "" ,,,yam 1 5 % of land value l 9 y d $ 1 �d MAINTENANCE EXPENSE: ' Building improvements $ Cr 10. INCOME RESIDUAL TO BUILDING Personal property $ IMPROVEMENTS Yard and ground care ` 'C`y0$o (line 7 minus sum of lines 8 & 9) $7,L b 33 Swimming pool service $ 11. CAPITALIZATION: Misc $ A. Anticipated rate of return /C % Misc $ B. Amortization rate '.t�3 % C 07 C. Total capitalization rate 4 . Q r '3 RESERVE FOR REPLACEMENTS: 12. CAPITALIZED VALUE OF BUILDING Building components $ IMPROVEMENTS Personal property $ (line 10 divided by line 11C) .$I I/O 7i1 Misc $ 13. Land value $ / f y0-0 Misc $ 14. CAPITALIZED VALUE OF PROPERTY, RESIDENT MANAGER (if any): UNFURNISHED (line 12 plus line 13) . . . . $ $ 15. Furniture value $ $ 16. CAPITALIZED VALUE OF PROPERTY, INCLUDING FURNITURE TOTAL ANNUAL EXPENSE $ (line 14 plus line 15) i CI 9) 8 Total property value Appraiser Date Capitalization Form 1005-A ©1967—Copies of this form may be purchased from MARSHALL and STEVENS PUBLICATION COMPANY, PRINTED IN U.S.A.77 1617 Beverly Blvd., Los Angeles, Calif. 90026 for$1.75 per pad. California subscribers add 5% sales tax. 1 Fiscal Year 77 Rental Income 1 July 1976 to 12 February 1977 32 weeks $784 / wk 325,088 13 February to 30 June 1977 20 weeks $859 / wk 17, 180 Gross Rental Income 42, 268 e Less 4% Vacancy rate 1 ,690 Gross Rental Income less vacancies 40,578 FY 77 Real Estate Tax 12,584 Percent of rental income paid toward Real Estate Tax 31 .0% REALTY WORLD—William D.Little Realtor re mob, , 1. 282 Washington Street '' e� 1 Salem,Massachusetts 01970 _' �•_ } Nei Telephone: (617)745-4447 REALTY WORLD , r. April 2$, 1976 INVESTi4 Er T OFFERING PRICE: $225,000 -- • 2'3 Unit Brig GROSS INCOME: $37,07h { �i SCHEDULE . . { CURRENT - PROJECTED - -34 1 Studio 1 $ 34 week, 42- 42 31 . 1- Studio 4 - $ 31 week 42- 42 - 3$5 il 2. Br. S. 35 week 4$-52$ • 90 • 3 . 1 Br. - $ 30-;,reek '45-135 . _ 32 - 1 1 Br. -- $ 32 week - 43- 43 . ' 105 - 3 1 Br. - . $ 35 week 45-135 - • 36 1 2 Br. $ 36 4$- 4$ . • $37,076 $50,596 -973 EXPENSES: TAXES: $96610$ /..7 ..5 c, HEAT: . $3676:59 (75) �foo d . ' • - WATER: 327 21 - 2iod _ - E_LECa:_. _.. .234170 3e,c) • - _ . . , IIV5U_Rrir CE: _'1:20 .;3 ✓ ..!•.-- L:.J $h ,r q' NET BEFORE FINANCING: $21,-976.42 . PROPOSED FININANCING: $170,000.00 lst. Mortgage-la%-25 years - _ . 1,545.30 Month --$1£1; 543.60 - $55 ,000.00 Cash h _ _ . - 1. NET AFTER- FINANCING: $3,43.3.00 - (., :t--47 . . . . 2. PROPOSED LAUNDRY INCOME: $1,'�20.00 . (35 week) -3. ADDITION �'"+ �' FROM RENT UPGRADE: $13, 520 . . • . (i r' .. - .. . , / /- . . . itiii ' , 'k _ - _ ... • Each office is radependently owned. • - REAL OR° i