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Salem 01970 Salem Neck
1 Rice St
$247,000
● House - Off Market

1 Rice St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,196 Ft²
$426,552
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

Enjoy Low Maintenance living in this beautifully renovated Collins Cove Colonial! This adorable home features 3 bedrooms, 1.5 baths with new hardwood and tile floors, plus a granite and stainless steel kitchen. Master bedroom with His and Hers closets. Close to public transportation, restaurants, shopping, parks, and downtown Beverly and Salem. First showings at open houses, Saturday, 5/3 11-12:30 and Sunday, 5/4 11-12:30. All offers due Tuesday, 5/6 at noon.
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$196
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71675492)

Price History

Date / Event Date Event Price
Oct 13, 2020 Sold
Premium
Sold
Sep 10, 2020 Listed by RE/MAX Advantage Real Estate $349,900
Listed by RE/MAX Advantage Real Estate
Jun 26, 2014 Sold
Premium
Sold
May 5, 2014 Listed by RE/MAX Advantage Real Estate $235,000
Listed by RE/MAX Advantage Real Estate
Jun 9, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 517
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,115
  • Total Building Area: 1,196
  • Gross Building Area: 1,920
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESTATE JAMES WELCH
  • Land Acres: 0000000026
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0193
  • Lot: 193
  • Municipality: SALEM
  • Latitude: 42.533
  • Longitude: -70.8885

    Address

  • Full Address: 1 Rice St
  • Address - House Number: 1
  • Address - Street Name: Rice
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2619
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $492,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2771
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 60
  • Final Value: 492,666
  • High Value: 629,207
  • Low Value: 356,125

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $424,200
  • Assessed Land Value: $131,600
  • Assessed Improvements Value: $292,600

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Oct 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201013003470
  • Previous Sale Recording Date: Jun 26, 2014
  • Previous Sale Amount: $247,000
  • 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 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 months ago
Data Source: MLS PIN, MLS# 71675492

Frequently Asked Questions

When was property at 1 Rice Street built and last sold?
The property at 1 Rice Street was built in 1890 and last sold on Oct 7, 2020 for $375,000.
How much is this home worth?
The estimated value of the home located at 1 Rice Street is $361,855.
What are some comparable homes to 1 Rice Street?
There are currently no comparable homes to 1 Rice Street.
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