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Salem 01970 South Salem
1 Pyburn Ave
$553,000
● House - Off Market

1 Pyburn Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,898 Ft²
$489,377
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to 1 Pyburn, the perfect Salem single family home. This home features a desirable ranch style layout with room for extended family in the fully finished basement. Head into your front door off the kitchen and note the gleaming hardwoods thru-out the property. All three bedrooms are carefully in line on the rear of the home, and, a perfectly situated updated bathroom off the main hallway. The living room features a pellet stove, perfect for those chilly spring nights, and some wonderful built ins. The homes roof was re-shingled 5 years back, and the garage has ample storage and parking with two separate driveways, due to the corner lot. Have the best of both worlds living close to the commuter rail, and still have the potential to have a short drive into the city.
Unit Size
1,898 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$253
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1961

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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 #72954550)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by Reference Real Estate $479,900
Listed by Reference Real Estate
Oct 31, 1986 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 18
  • 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: 1,002
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,172
  • Total Building Area: 1,114
  • Gross Building Area: 2,296
  • Building Area: 1,114
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,114
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000142
  • 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: 204701

Zoning

  • Zoning: B

Geography

  • Parcel: SALE M:03 L:0013
  • Lot: 13
  • Municipality: SALEM
  • Latitude: 42.4981
  • Longitude: -70.9318

    Address

  • Full Address: 1 Pyburn Ave
  • Address - House Number: 1
  • Address - Street Name: Pyburn
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1753
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $626,000

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 606,591
  • High Value: 718,439
  • Low Value: 494,743

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,700
  • Assessed Land Value: $182,200
  • Assessed Improvements Value: $356,500

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 635801
  • Previous Sale Recording Date: Oct 31, 1986
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: 27
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

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# 72954550

Frequently Asked Questions

When was property at 1 Pyburn Avenue built and last sold?
The property at 1 Pyburn Avenue was built in 1961 and last sold on Apr 29, 2022 for $553,000.
How much is this home worth?
The estimated value of the home located at 1 Pyburn Avenue is $504,064.
What are some comparable homes to 1 Pyburn Avenue?
There are currently no comparable homes to 1 Pyburn Avenue.
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