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Salem 01970 South Salem
1 Langdon Street
$490,000
● House - Off Market

1 Langdon Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,320 Ft²
$426,425
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Beautiful Single Family in Historical Salem, MA, adjacent to Gallows Hill Park. This Colonial sits on a fenced in corner lot with paved driveway and private yard.  Modern kitchen includes newly painted cabinets, updated fixtures, and recessed lighting.  Additionally on first floor are a formal living room, dining room and bonus room.  On the second floor are three ample size bedrooms and one bath. Original Pine hardwood floors gleam throughout both levels. The many windows invite in remarkable natural sunlight!  Spacious layout, high ceilings, and newly painted interior leave nothing to do but move in and enjoy!. Plenty of storage in basement.  Easy access to Downtown Salem, Peabody & North Shore Medical. Don't miss this amazing property in a wonderful area!
Unit Size
1,320 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$322
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1910

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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 #73118121)

Price History

Date / Event Date Event Price
Jun 26, 2023 Sold
Premium
Sold
Jun 7, 2023 In contract -
In contract
May 31, 2023 Listed by Keller Williams Realty $425,000
Listed by Keller Williams Realty
Aug 24, 2020 Sold
Premium
Sold
Jul 13, 2020 Listed by Keller Williams Realty $359,900
Listed by Keller Williams Realty
Show More

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • 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: 816
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,662
  • Total Building Area: 1,320
  • Gross Building Area: 2,684
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000061
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0330
  • Lot: 330
  • Municipality: SALEM
  • Latitude: 42.517
  • Longitude: -70.9099

    Address

  • Full Address: 1 Langdon St
  • Address - House Number: 1
  • Address - Street Name: Langdon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1907
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $485,400

    Appraisal Valuation

  • Standard Deviation: 0.1858
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 499,356
  • High Value: 592,157
  • Low Value: 406,556

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $417,700
  • Assessed Land Value: $183,600
  • Assessed Improvements Value: $234,100

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Jun 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230626001790
  • Previous Sale Recording Date: Aug 24, 2020
  • Previous Sale Contract Date: Aug 21, 2020
  • Previous Sale Amount: $370,000
  • 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

$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

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# 73118121

Frequently Asked Questions

When was property at 1 Langdon Street built and last sold?
The property at 1 Langdon Street was built in 1910 and last sold on Jun 20, 2023 for $490,000.
How much is this home worth?
The estimated value of the home located at 1 Langdon Street is $434,234.
What are some comparable homes to 1 Langdon Street?
There are currently no comparable homes to 1 Langdon Street.
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