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Salem 01970 Salem Neck
1 Collins St
Photo of 1 Collins St

1

Map

$429,900
● House - Off Market

1 Collins St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,910 Ft²
$2,533
Est. Monthly

About This Property

OCEANFRONT home on beautiful Collins Cove. Located just steps from a sandy beach & has magnificent views from every rm. Antique home has been  completely updated including brand new kitchen w/granite & ss appliances. 4 bedrooms & 2 full baths allow plenty of room for a large family. Newer windows  & heating system and a nice yard. Great place for entertaining with 2 large decks overlooking the beach. Unique opportunity to own a home on the ocean.
Unit Size
1,910 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$225
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1870

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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: 4 months ago (MLSPIN #71241581)

Price History

Date / Event Date Event Price
Nov 27, 2020 Sold
Premium
Sold
Sep 1, 2020 Listed by Thread Real Estate, LLC $695,000
Listed by Thread Real Estate, LLC
Jun 5, 2012 Sold
Premium
Sold
Jun 24, 2011 Listed by Thread Real Estate, LLC $359,900
Listed by Thread Real Estate, LLC
Jun 1, 2011 Listed by Thread Real Estate, LLC $429,900
Listed by Thread Real Estate, LLC
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 966
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,502
  • Total Building Area: 1,691
  • Gross Building Area: 3,957
  • Building Area: 1,691
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,691
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000080
  • 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: 204400

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0425
  • Lot: 425
  • Municipality: SALEM
  • Latitude: 42.5278
  • Longitude: -70.8883

    Address

  • Full Address: 1 Collins St
  • Address - House Number: 1
  • Address - Street Name: Collins
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 3918
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $815,800

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 753,541
  • High Value: 914,103
  • Low Value: 592,979

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $702,100
  • Assessed Land Value: $233,900
  • Assessed Improvements Value: $468,200

    Sales

  • Current Sale Contract Date: Nov 10, 2020
  • Current Sale Recording Date: Nov 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201127002570
  • Previous Sale Recording Date: Jun 05, 2012
  • Previous Sale Amount: $342,500
  • 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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1483 ft²

Average Home Age

150.8 years

Currently For Sale

13 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# 71241581

Frequently Asked Questions

When was property at 1 Collins Street built and last sold?
The property at 1 Collins Street was built in 1870 and last sold on Nov 10, 2020 for $665,000.
How much is this home worth?
The estimated value of the home located at 1 Collins Street is $699,552.
What are some comparable homes to 1 Collins Street?
There are currently no comparable homes to 1 Collins Street.
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