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Salem 01970 South Salem
1 Bertini Lane
$410,000
● House - Off Market

1 Bertini Lane

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,786 Ft²
$572,982
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model

About This Property

Welcome home to this beautiful Salem raised ranch, this home is much larger than it appears from the street, it's located in a very desirable neighborhood. Are you looking for a Move-in Ready home? Here's your opportunity to own this beautiful well maintained 3 bedroom Salem home with finished basement and 2 full bath,you're about to fall in love with this property featuring parking for 4 cars, 1 car garage, updated kitchen and water heater, beautiful hardwood floors, solar panel This charming raised ranch is priced to sale.This striking property wont last long.  Seller is ready to sell, all offers will be presented.
Unit Size
1,786 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$238
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72634226)

Price History

Date / Event Date Event Price
Jul 10, 2020 Sold
Premium
Sold
Mar 16, 2020 Listed by Profile Realty, Inc. $424,900
Listed by Profile Realty, Inc.
Aug 21, 2015 Sold
Premium
Sold
Jun 25, 2015 Listed by Profile Realty, Inc. $269,900
Listed by Profile Realty, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,659
  • Total Building Area: 1,786
  • Gross Building Area: 2,308
  • Building Area: 1,786
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,786
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000084
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:23 L:0158
  • Lot: 158
  • Municipality: SALEM
  • Latitude: 42.5019
  • Longitude: -70.8977

    Address

  • Full Address: 1 Bertini Ln
  • Address - House Number: 1
  • Address - Street Name: Bertini
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 4405
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,100

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 623,419
  • High Value: 738,369
  • Low Value: 508,468

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,100
  • Assessed Land Value: $188,500
  • Assessed Improvements Value: $317,600

    Sales

  • Current Sale Contract Date: Jun 26, 2020
  • Current Sale Recording Date: Jul 10, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200710004720
  • Previous Sale Recording Date: Aug 21, 2015
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72634226

Frequently Asked Questions

When was property at 1 Bertini Lane built and last sold?
The property at 1 Bertini Lane was built in 1962 and last sold on Jun 26, 2020 for $410,000.
How much is this home worth?
The estimated value of the home located at 1 Bertini Lane is $439,043.
What are some comparable homes to 1 Bertini Lane?
There are currently no comparable homes to 1 Bertini Lane.
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