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Salem 01970 South Salem
10 Leval Rd
$730,000
● House - Off Market

10 Leval Rd

Salem, MA 01970
bedrooms
8 Beds
bathrooms
3 Baths
square feet
4,540 Ft²
$732,348
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

HUGE PRICE REDUCTION... There's plenty of room for everyone in this 8+ bedroom home in Historic Salem. Close to downtown, train line, Forest River park, and Salem Willows for lots of activities. Level one has 3 bedrooms, a full bath, beautiful kitchen, dining room, and living room and 2 fireplaces; one is wood burning, the other is electric. Walk upstairs to 5 more large bedrooms and full tiled bath and gleaming hardwood floors with central A/C. When you reach the basement you'll find the family room with a bar and three more rooms to use as you wish...and one more bath for your convenience. Come and see for yourself. You won't believe the space. BONUS...THE SELLER WILL ASSIST WITH SOME OF THE BUYER'S closing costs in lieu of outside painting.
Unit Size
4,540 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$161
Property Type
House
Property Taxes
$519
HOA Dues
-
Year Built
1958

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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 #73058387)

Price History

Date / Event Date Event Price
Jun 1, 2023 Sold
Premium
Sold
Apr 13, 2023 In contract -
In contract
Mar 28, 2023 Price Decreased $729,900
↓ $20K (2.7%)
Price Decreased
Feb 9, 2023 Price Decreased $750,000
↓ $26K (3.4%)
Price Decreased
Jan 14, 2023 Price Increased $775,999
↑ $46K (6.3%)
Price Increased
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 7
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,328
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,575
  • Total Building Area: 2,708
  • Gross Building Area: 4,540
  • Building Area: 2,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,708
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOSEPH L & EXLIDA BOURGEOIS
  • Land Acres: 0000000174
  • 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: R1

Geography

  • Parcel: SALE M:24 L:0029
  • Lot: 29
  • Municipality: SALEM
  • Latitude: 42.507
  • Longitude: -70.9053

    Address

  • Full Address: 10 Leval Rd
  • Address - House Number: 10
  • Address - Street Name: Leval
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2816
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,900

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 733,128
  • High Value: 860,379
  • Low Value: 605,878

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,400
  • Assessed Land Value: $188,400
  • Assessed Improvements Value: $389,000

    Sales

  • Current Sale Contract Date: May 31, 2023
  • Current Sale Recording Date: Jun 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230601003190
  • Previous Sale Recording Date: Mar 30, 2012
  • Previous Sale Amount: $340,000
  • 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

$369

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# 73058387

Frequently Asked Questions

When was property at 10 Leval Road built and last sold?
The property at 10 Leval Road was built in 1958 and last sold on May 31, 2023 for $730,000.
How much is this home worth?
The estimated value of the home located at 10 Leval Road is $734,297.
What are some comparable homes to 10 Leval Road?
There are currently no comparable homes to 10 Leval Road.
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