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Salem 01970 North Salem
1 Claremont
Photo of 1 Claremont
Sold on Sep 28, 2007

1

Map

$399,000
● House - Off Market

1 Claremont

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,698 Ft²
$754,384
RealtyHop Estimate
89.07%
Since Oct 1, 2007
MA-Boston
Primary Model

About This Property

Just Painted!! Huge price reduction! Wonderful, large, sunny and spacious home in Kernwood/North Salem area. Corner lot, fenced in w/small in-gound pool. Plenty of room for playing, gardening & entertaining in this very private oasis. 2 Car garage with new doors & extra storage. 3rd floor has already been redone & whole house has been rewired & insulated. Thermo windows. Plumbed for bath in basement. Wonderful front foyer A real gem ready for your touches. MOTIVATED SELLER!
Unit Size
1,698 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$235
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1914

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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: 5 months ago (MLSPIN #70594956)

Price History

Date / Event Date Event Price
Sep 28, 2007 Sold
Premium
Sold
Jun 9, 2007 Listed $399,000
Listed
Mar 24, 2000 Sold
Premium
Sold
Nov 16, 1999 Listed $261,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 855
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 9,021
  • Total Building Area: 1,698
  • Gross Building Area: 3,555
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN PARK
  • Land Acres: 0000000207
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0580
  • Lot: 580
  • Municipality: SALEM
  • Latitude: 42.5324
  • Longitude: -70.8993

    Address

  • Full Address: 1 Claremont Rd
  • Address - House Number: 1
  • Address - Street Name: Claremont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2412
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $763,100

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 768,324
  • High Value: 890,331
  • Low Value: 646,318

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $656,700
  • Assessed Land Value: $221,200
  • Assessed Improvements Value: $435,500

    Sales

  • Current Sale Recording Date: Sep 28, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 24, 2000
  • Previous Sale Amount: $252,000
  • 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 North Salem

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$420

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1702 ft²

Average Home Age

99.6 years

Currently For Sale

16 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: 5 months ago
Data Source: MLS PIN, MLS# 70594956

Frequently Asked Questions

When was property at 1 Claremont Road built and last sold?
The property at 1 Claremont Road was built in 1914 and last sold on Jan 1, 1970 for $399,000.
How much is this home worth?
The estimated value of the home located at 1 Claremont Road is $410,254.
What are some comparable homes to 1 Claremont Road?
There are currently no comparable homes to 1 Claremont Road.
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