5 Ocean Ter, Salem, MA 01970 Property Records

Essex County and Salem City property record for 5 Ocean Ter, Salem, MA 01970

Property Summary

Property Type	Triplex
Details	3 bd · 3 ba · 3,540 sqft · built 1900
Lot Size	0.074 acres (3,215 sqft)
Owner	Individual Name on File
Last Sale	$620,000 (Jul 2018)
Tax Bill	$11,250 (2026)
Deeds & Mortgages	Jan 2022 Refinance Dec 2022 Line of Credit + 3 more
Flood Zone	Zone X (minimal risk)
APN	`SALE M:33 L:0691`

Property Details

APN / Parcel Number

Primary APN	`SALE M:33 L:0691`

Interior

Bedrooms	3 Beds
Full Baths	3 Baths
Total Rooms	12 Rooms
Units	3 Units
Stories	3 Stories
Building Area	3,540 sqft Living Area
Gross Area	5,303 sqft
Basement Area	1,304 sqft
Unfinished Basement	1,304 sqft

Exterior

Year Built	Built 1900
Effective Year Built	Effective 1900
Architectural Style	Triplex
Exterior Material	Aluminum/Vinyl
Construction Type	Frame
Roof Type	Gable
Roof Material	Asphalt
Lot Area	3,215 sqft (0.074 acres)

Utilities, Heating & Cooling

Heating System	Forced Air with A/C
Heating Fuel	Oil

Location & Zoning

Street Address	5 OCEAN TER
City	SALEM
State	MA
Zip	01970-5421
Property Category	Residential
Property Type	Residential > Multi-Unit > Triplex
Local Zoning Code	R1
Legal Lot Number	691
Jurisdiction	SALEM MA
Township / Civil Division	SALEM
Census Block Group	1
Census Block	1006
Census Tract	204101

Owner

5 Ocean Ter, a triplex, is owned and occupied by an individual who bought it in July 2018.

Source: Essex County and Salem City records, as of October 20, 2026

Owner of Record	Individual Name on File
Mailing Address	5 OCEAN TER, SALEM, MA 01970-5421
Occupancy	Owner Occupied
Owner Type	Individual

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Date	Document
Jan 11, 2022	Deed of Trust, Mortgage · Stand-Alone Refinance ROCKET MORTGAGE
Dec 1, 2022	Deed of Trust, Mortgage · Line of Credit TD BANK NA
Jul 13, 2020	Deed of Trust, Mortgage · Stand-Alone Refinance CALIBER HOME LOANS INC
Jun 28, 2019	Deed of Trust, Mortgage · FHA Mortgage UNITED WHOLESALE MORTGAGE
Jul 20, 2018	Quit Claim Deed, Transfer · FHA Mortgage UNITED WHOLESALE MORTGAGE

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jul 20, 2018 · Amount on File
Deed Sale	Jul 20, 2018 · Amount on File
Prior Sale	Sep 30, 2005 · Amount on File
Deed Book / Page	36877 / 34
Transfer Doc	0036877-34
Record Updated	Oct 29, 2026

January 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SALEM MA
Property Address	5 OCEAN TER, SALEM, MA 01970-5421
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	040647-305
Date	Jan 11, 2022
Book Page	40647/305
Instrument	20220111001750

Lender

Name	ROCKET MORTGAGE

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record
Term	361 Months
Due	Feb 1, 2052

December 2022: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SALEM MA
Property Address	5 OCEAN TER, SALEM, MA 01970-5421
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	041329-204
Date	Dec 1, 2022
Book Page	41329/204
Instrument	20221201000370

Lender

Name	TD BANK NA
Type	Bank

Agreement

Type	Line of Credit
Amount	Amount on Record
Term	361 Months
Due	Jan 1, 2053

Interest

Rate Type	Adjustable Rate

July 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SALEM MA
Property Address	5 OCEAN TER, SALEM, MA 01970-5421
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	38706-3
Date	Jul 13, 2020
Book Page	38706/3
Instrument	20200713003930

Lender

Name	CALIBER HOME LOANS INC
Type	Mortgage Company

Agreement

Type	Stand-Alone Refinance
Amount	Amount on Record
Term	361 Months
Due	Aug 1, 2050

June 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	SALEM MA
Property Address	5 OCEAN TER, SALEM, MA 01970-5421
Transaction Type	Mortgage
Record Updated	Feb 5, 2021

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	37625-336
Date	Jun 28, 2019
Book Page	37625/336
Instrument	20190628001440

Lender

Name	UNITED WHOLESALE MORTGAGE
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	361 Months
Due	Jul 1, 2049

July 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SALEM MA
Recording Date	Jul 20, 2018
Property Address	5 OCEAN TER, SALEM, MA 01970-5421
Document Number	36877-34
Book / Page	36877 / 34
Instrument	180720002820
Transaction Type	Transfer
Record Updated	May 12, 2021

Transaction

Amount	Amount on Record
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$76.16
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	5 OCEAN TER, SALEM, MA 01970-5421

Mortgage

Document Number	368770036
Date	Jul 20, 2018
Instrument	36877/0036

Lender

Name	UNITED WHOLESALE MORTGAGE
Type	Mortgage Company

Agreement

Type	FHA Mortgage
Amount	Amount on Record
Term	360 Months
Due	Jul 20, 2048

Tax Assessment & Valuation

The 2026 property tax bill for 5 Ocean Ter was $11,250, up 3.8% from the year before.

Source: Essex County and Salem City assessment roll, as of April 14, 2026

Property Jurisdictions

Type	Name
State	Massachusetts
County	Essex County
Municipality	Salem City
Unified School District	Salem School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2026	$11,250.00 (+3.85%)	$1,043,600 (+9.24%) Land $217,800 Building $825,800
2025	$10,833.00 (+8.87%)	$955,300 (+11.56%) Land $196,000 Building $759,300
2024	$9,950.00 (+2.55%)	$856,300 (+10.4%) Land $186,300 Building $670,000
2023	$9,703.00	$775,600 Land $172,000 Building $603,600

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

FEMA maps place 5 Ocean Ter in Zone X, an area of minimal flood risk, within 500 ft of a high-risk flood zone.

Source: FEMA National Flood Hazard Layer, effective July 10, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on File median of 10 individual policies
Nearby Flood Policies	16 units insured incl. 6 condo units
Nearby Flood Claims	10 (1979–2018)
Claims Outside the SFHA	2 of 10
Most Recent Claim	Mar 2018 · Severe Winter Storm And Flooding
Claims by Event	Severe Storms And Flooding, May 2006 · 4 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

The area around 5 Ocean Ter has no burnable land within ember reach, so its wildfire risk is not rated.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM WATER DEPARTMENT serves 44,480 people · EPA ID MA3258000
Water Source	Purchased surface water from SALEM AND BEVERLY WATER SUPPLY BOARD
Last State Inspection	Dec 2024

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 810 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 2,000
Verizon Fixed Wireless · Fiber in parts of the area	300 / 20
AT&T Fixed Wireless	100 / 20

May also be available: T-Mobile.

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