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Salem 01970 Salem Neck
1 Emerton
$415,000
● House - Off Market

1 Emerton

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,274 Ft²
$517,893
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

Sought after location !! Salem Common & Collins Cove Beach area. Bring your renovation ideas & talents. This solid  single family home has been in the same family for many decades. Some features include high ceilings, wood floors, replacement windows, vinyl siding, newer furnace, and small enclosed yard. Just short distance to train, waterfront, museums, boutique shopping and fine dining. Seller just had a full home inspection, copy available upon request. Offers if any due by Wed March 3rd at 12 noon
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$345
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1883

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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 years ago (MLSPIN #72789937)

Price History

Date / Event Date Event Price
Apr 16, 2021 Sold
Premium
Sold
Feb 25, 2021 Listed by Atlantic Coast Homes,Inc $439,000
Listed by Atlantic Coast Homes,Inc

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1883
  • Effective Year Built: 1883
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 717
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,838
  • Total Building Area: 1,274
  • Gross Building Area: 2,394
  • Building Area: 1,274
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,274
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000042
  • 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:35 L:0484
  • Lot: 484
  • Municipality: SALEM
  • Latitude: 42.5245
  • Longitude: -70.8866

    Address

  • Full Address: 1 Emerton St
  • Address - House Number: 1
  • Address - Street Name: Emerton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C008
  • 4-Digit Zip Code: 4054
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $517,200

    Appraisal Valuation

  • Standard Deviation: 0.1881
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 491,283
  • High Value: 649,312
  • Low Value: 333,254

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $445,100
  • Assessed Land Value: $179,600
  • Assessed Improvements Value: $265,500

    Sales

  • Current Sale Contract Date: Apr 16, 2021
  • Current Sale Recording Date: Apr 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210416006530
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:

$589,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1626 ft²

Average Home Age

166.3 years

Currently For Sale

14 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 years ago
Data Source: MLS PIN, MLS# 72789937

Frequently Asked Questions

When was property at 1 Emerton Street built and last sold?
The property at 1 Emerton Street was built in 1883 and last sold on Apr 16, 2021 for $415,000.
How much is this home worth?
The estimated value of the home located at 1 Emerton Street is $450,859.
What are some comparable homes to 1 Emerton Street?
There are currently no comparable homes to 1 Emerton Street.
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