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Salem 01970 South Salem
1 Berube Road
$406,500
● House - Off Market

1 Berube Road

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,666 Ft²
$562,763
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Cute as a button- Gallows Hill/Witchcraft Heights colonial home, looking for a new family to love it just as the last one did.  Although generationally dated, this home has been well cared for.  Two bedrooms on the first floor lends to so many possibilities to expand the kitchen and remodel to make it your own. Full bath on both levels, 3 good sized bedrooms on the second floor, just waiting for your ideas.  Large oversized 2 car garage, 3 season porch, lovely deck and well landscaped yard with irrigation system,  complete this home.  Don't miss out on the opportunity to make this your new home.  This is an Estate Sale.
Unit Size
1,666 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$234
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1957

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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 #72458026)

Price History

Date / Event Date Event Price
Apr 30, 2019 Sold
Premium
Sold
Feb 27, 2019 Listed by Churchill Properties $389,900
Listed by Churchill Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 408
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,474
  • Total Building Area: 1,666
  • Gross Building Area: 3,221
  • Building Area: 1,666
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,666
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0135
  • Lot: 135
  • Municipality: SALEM
  • Latitude: 42.5196
  • Longitude: -70.9168

    Address

  • Full Address: 1 Berube Rd
  • Address - House Number: 1
  • Address - Street Name: Berube
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1305
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,800

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 584,125
  • High Value: 686,670
  • Low Value: 481,579

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,700
  • Assessed Land Value: $192,400
  • Assessed Improvements Value: $302,300

    Sales

  • Current Sale Contract Date: Apr 29, 2019
  • Current Sale Recording Date: Apr 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 20190430006910
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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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# 72458026

Frequently Asked Questions

When was property at 1 Berube Road built and last sold?
The property at 1 Berube Road was built in 1957 and last sold on Apr 29, 2019 for $406,500.
How much is this home worth?
The estimated value of the home located at 1 Berube Road is $395,553.
What are some comparable homes to 1 Berube Road?
There are currently no comparable homes to 1 Berube Road.
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