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Salem 01970 South Salem
10 Hemenway Road
$487,500
● House - Off Market

10 Hemenway Road

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,156 Ft²
$948,234
RealtyHop Estimate
89.68%
Since Nov 1, 2013
MA-Boston
Primary Model

About This Property

Location location location! This 3+ BR/2.5 Bath home is located on a dead end street across from Osgood Park and has Salem Harbor water views. Walk to Salem University and downtown Salem is less than 1.5 miles. This attractive home has good-sized rooms, a fireplace in the living room, modern kitchen a sun room with skylights and formal dining room. Finished basement with large bathroom with in-law apartment potential. A nice, private yard rounds out the offering. Come take a look!
Unit Size
3,156 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$158
Property Type
House
Property Taxes
$660
HOA Dues
$180
Year Built
1969

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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 #71483286)

Price History

Date / Event Date Event Price
Oct 29, 2013 Sold
Premium
Sold
Feb 15, 2013 Listed by Harborside Realty $499,900
Listed by Harborside Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,116
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,591
  • Total Building Area: 3,205
  • Gross Building Area: 4,204
  • Building Area: 3,205
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,205
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:32 L:0341
  • Lot: 341
  • Municipality: SALEM
  • Latitude: 42.5044
  • Longitude: -70.887

    Address

  • Full Address: 10 Hemenway Rd
  • Address - House Number: 10
  • Address - Street Name: Hemenway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5308
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $900,200

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 883,620
  • High Value: 1,018,066
  • Low Value: 749,173

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $774,700
  • Assessed Land Value: $267,600
  • Assessed Improvements Value: $507,100

    Sales

  • Current Sale Recording Date: Oct 29, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 441

    Financing

  • First Mortgage Financing Type: UNK
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# 71483286

Frequently Asked Questions

When was property at 10 Hemenway Road built and last sold?
The property at 10 Hemenway Road was built in 1969 and last sold on Jan 1, 1970 for $487,500.
How much is this home worth?
The estimated value of the home located at 10 Hemenway Road is $535,042.
What are some comparable homes to 10 Hemenway Road?
There are currently no comparable homes to 10 Hemenway Road.
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