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Salem 01970 North Salem
1 Watson Street
Photo of 1 Watson Street

1

Map

$219,000
● House - Off Market

1 Watson Street

Salem, MA 01970
bedrooms
1 Bed
bathrooms
1 Bath
square feet
1,170 Ft²
$1,329
Est. Monthly

About This Property

Welcome Home!  So much larger than it looks! New kitchen with granite, new appliances, tile floor with radiant heat, gorgeous new tile bath, huge master bedroom with sitting area and 4 closets.  New cherry floor in fireplaced living room.  Mostly newer windows, newer roof, newer hot water tank and maintenance free vinyl siding.  Fenced in yard with patio area and storage shed.  Full basement with partially finished room.
Unit Size
1,170 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$187
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1800

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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: 3 months ago (MLSPIN #71234798)

Price History

Date / Event Date Event Price
Dec 6, 2023 Sold
Premium
Sold
Nov 8, 2023 In contract -
In contract
Nov 1, 2023 Listed by Keller Williams Realty $389,900
Listed by Keller Williams Realty
Aug 16, 2018 Sold
Premium
Sold
Jun 27, 2018 Listed by Keller Williams Realty $299,900
Listed by Keller Williams Realty
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 855
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 4,121
  • Total Building Area: 1,170
  • Gross Building Area: 2,340
  • Building Area: 1,170
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,170
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • 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: R2

Geography

  • Parcel: SALE M:16 L:0163
  • Lot: 163
  • Municipality: SALEM
  • Latitude: 42.5222
  • Longitude: -70.9143

    Address

  • Full Address: 1 Watson St
  • Address - House Number: 1
  • Address - Street Name: Watson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1412
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $492,200
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.189
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 75
  • Final Value: 500,231
  • High Value: 594,788
  • Low Value: 405,673

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $423,600
  • Assessed Land Value: $158,400
  • Assessed Improvements Value: $265,200

    Sales

  • Current Sale Contract Date: Dec 06, 2023
  • Current Sale Recording Date: Dec 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231206001900
  • Previous Sale Recording Date: Aug 16, 2018
  • Previous Sale Amount: $315,000
  • 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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$421

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1635 ft²

Average Home Age

102.9 years

Currently For Sale

29 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: 3 months ago
Data Source: MLS PIN, MLS# 71234798

Frequently Asked Questions

When was property at 1 Watson Street built and last sold?
The property at 1 Watson Street was built in 1800 and last sold on Dec 6, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 1 Watson Street is $393,838.
What are some comparable homes to 1 Watson Street?
There are currently no comparable homes to 1 Watson Street.
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