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Salem 01970 South Salem
1 Hayes Rd.
$480,000
● House - Off Market

1 Hayes Rd.

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,662 Ft²
$678,980
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

A must see updated Cape Cod style home on a tree lined street in a quiet neighborhood. The house sits on a 10,000 square foot lot and backs up to a wooded area which creates plenty of privacy in the backyard and throughout the house. This home offers a flexible floor plan with two bedrooms and a full updated bathroom on the first floor and two big bedrooms and a full bathroom on the second floor. The first floor features beautiful well maintained hardwood floors throughout and new tile in the kitchen. The eat in kitchen features pristine quartz countertops and beautiful detailed finishes. Located just two miles to Preston Beach in Marblehead and is convenient to shopping, restaurants, coffee shops, grocery stores, and all Salem has to offer! Don't miss out on this gorgeous home in South Salem!
Unit Size
1,662 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$286
Property Type
House
Property Taxes
$452
HOA Dues
-
Year Built
1949

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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 #72444450)

Price History

Date / Event Date Event Price
May 17, 2019 Sold
Premium
Sold
Jan 22, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $475,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Dec 9, 2015 Sold
Premium
Sold
Oct 26, 2015 Listed by Coldwell Banker Residential Brokerage - Marblehead $355,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Jun 4, 2001 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 840
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,823
  • Total Building Area: 1,662
  • Gross Building Area: 3,245
  • Building Area: 1,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,662
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000226
  • 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:22 L:0169
  • Lot: 169
  • Municipality: SALEM
  • Latitude: 42.4943
  • Longitude: -70.8973

    Address

  • Full Address: 1 Hayes Rd
  • Address - House Number: 1
  • Address - Street Name: Hayes
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4323
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,000

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 702,947
  • High Value: 819,028
  • Low Value: 586,866

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $604,100
  • Assessed Land Value: $225,200
  • Assessed Improvements Value: $378,900

    Sales

  • Current Sale Contract Date: May 14, 2019
  • Current Sale Recording Date: May 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190517002120
  • Previous Sale Recording Date: Dec 09, 2015
  • Previous Sale Amount: $355,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72444450

Frequently Asked Questions

When was property at 1 Hayes Road built and last sold?
The property at 1 Hayes Road was built in 1949 and last sold on May 14, 2019 for $480,000.
How much is this home worth?
The estimated value of the home located at 1 Hayes Road is $481,539.
What are some comparable homes to 1 Hayes Road?
There are currently no comparable homes to 1 Hayes Road.
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