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Salem 01970 South Salem
1 Pershing Rd
$407,000
● House - Off Market

1 Pershing Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,341 Ft²
$640,793
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Pristine 3 bedroom ranch in a much desired South Salem location!  All the work has been done for you!  You will be awe-strucken when you open the front door and see the open concept everyone is looking for! Spacious living room freshly painted with new hardwood floors, crown moldings opens to new gourmet kitchen with granite counter tops and island. Dining area with tons of natural light due to the numerous windows surrounding you. Enjoy breakfast overlooking the lovely fenced in yard with tiered area great for garden or play area as well as a new deck for entertaining guests . This lovely home has 3 bedrooms with hardwood flooring and updated bath.  Updates include new siding, new heating system, new central air, new kitchen, new paint, and more!  This home will not disappoint!
Unit Size
1,341 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$291
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1956

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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 #72089771)

Price History

Date / Event Date Event Price
Dec 19, 2016 Sold
Premium
Sold
Nov 4, 2016 Listed by Century 21 Commonwealth $389,900
Listed by Century 21 Commonwealth
Dec 5, 2014 Sold
Premium
Sold
Sep 16, 2014 Listed by Century 21 Commonwealth $299,000
Listed by Century 21 Commonwealth
Aug 31, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,161
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,799
  • Total Building Area: 1,341
  • Gross Building Area: 2,586
  • Building Area: 1,341
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,341
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LORING REALTY TRUST
  • Land Acres: 0000000202
  • 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:0138
  • Lot: 138
  • Municipality: SALEM
  • Latitude: 42.4965
  • Longitude: -70.8992

    Address

  • Full Address: 1 Pershing Rd
  • Address - House Number: 1
  • Address - Street Name: Pershing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4331
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $671,500

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 671,070
  • High Value: 777,632
  • Low Value: 564,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,900
  • Assessed Land Value: $220,100
  • Assessed Improvements Value: $357,800

    Sales

  • Current Sale Recording Date: Dec 19, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 302
  • Previous Sale Recording Date: Dec 05, 2014
  • Previous Sale Amount: $295,000
  • 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

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72089771

Frequently Asked Questions

When was property at 1 Pershing Road built and last sold?
The property at 1 Pershing Road was built in 1956 and last sold on Jan 1, 1970 for $407,000.
How much is this home worth?
The estimated value of the home located at 1 Pershing Road is $398,086.
What are some comparable homes to 1 Pershing Road?
There are currently no comparable homes to 1 Pershing Road.
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