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Salem 01970 South Salem
1 Chandler Rd
Photo of 1 Chandler Rd
Sold on Dec 19, 2008

1

Map

$260,000
● House - Off Market

1 Chandler Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$594,719
RealtyHop Estimate
112.40%
Since Jan 1, 2009
MA-Boston
Primary Model

About This Property

DON'T WAIT!!!!!!!! Completely renovated (2006) and lovingly maintained 7+ room colonial with two full baths and NEW 2ND & 3RD LEVEL ADDITION on quiet, tree-lined street. Close to schools, shopping and transportation in this in great South Salem neighborhood. New heating system, roof, windows and siding. Open & flexible floor plan. Gleaming hardwood floors, fenced yard and 3+ car off street parking.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$200
Property Type
House
Property Taxes
$279
HOA Dues
-
Year Built
1955

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #70774288)

Price History

Date / Event Date Event Price
Dec 19, 2008 Sold
Premium
Sold
Jun 5, 2008 Listed $280,000
Listed
Apr 29, 2005 Sold
Premium
Sold
Jan 27, 2005 Listed $253,900
Listed
Jan 23, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,286
  • Total Building Area: 1,736
  • Gross Building Area: 2,780
  • Building Area: 1,736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WILBER HATT
  • Land Acres: 0000000098
  • 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:21 L:0171
  • Lot: 171
  • Municipality: SALEM
  • Latitude: 42.4881
  • Longitude: -70.8981

    Address

  • Full Address: 1 Chandler Rd
  • Address - House Number: 1
  • Address - Street Name: Chandler
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4203
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,700

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 557,408
  • High Value: 647,315
  • Low Value: 467,501

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,300
  • Assessed Land Value: $173,800
  • Assessed Improvements Value: $297,500

    Sales

  • Current Sale Recording Date: Dec 19, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 29, 2005
  • Previous Sale Amount: $250,000
  • Previous Sale Document Type: 27
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2188 ft²

Average Home Age

89.2 years

Currently For Sale

45 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70774288

Frequently Asked Questions

When was property at 1 Chandler Road built and last sold?
The property at 1 Chandler Road was built in 1955 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 1 Chandler Road is $298,906.
What are some comparable homes to 1 Chandler Road?
There are currently no comparable homes to 1 Chandler Road.
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