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Salem 01970 South Salem
10 Outlook Hill
$775,000
● House - Off Market

10 Outlook Hill

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$749,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
MA-Boston
Primary Model

About This Property

OFFER ACCEPTED ~ OPEN HOUSES CANCELED. Mint condition 4 bedroom Colonial located in a quiet, cul-de-sac neighborhood set on over a half acre of land. This property features a beautiful back yard with a heated, inground gunite swimming pool and a sports court for tennis or basketball. Recent updates include a newer roof (2021) and gas heating system (2021). Beautifully cherry kitchen with stainless appliances. Hardwood floors throughout. Front to back living room with a fireplace and a den/family room with a second fireplace. There are 4 spacious bedrooms all with hardwood flooring and closets. Central Air Conditioning! Attached over-sized one car garage. Full basement that can be finished. Wonderful opportunity to view this original owner home. Floor Plans Attached.  *See the Open House Schedule for showings.*
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$416
Property Type
House
Property Taxes
$616
HOA Dues
-
Year Built
1967

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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: 6 months ago (MLSPIN #73157876)

Price History

Date / Event Date Event Price
Nov 8, 2023 Sold
Premium
Sold
Sep 15, 2023 In contract -
In contract
Sep 10, 2023 Listed by Keller Williams Realty Evolution $749,000
Listed by Keller Williams Realty Evolution
Jan 1, 1968 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 972
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 25,400
  • Total Building Area: 1,797
  • Gross Building Area: 3,483
  • Building Area: 1,797
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,797
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000583
  • 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: R1

Geography

  • Parcel: SALE M:10 L:0221
  • Lot: 221
  • Municipality: SALEM
  • Latitude: 42.5144
  • Longitude: -70.9206

    Address

  • Full Address: 10 Outlook Hl
  • Address - House Number: 10
  • Address - Street Name: Outlook
  • Address - Suffix Type: Hl
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1220
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $771,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 728,173
  • High Value: 854,430
  • Low Value: 601,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $663,500
  • Assessed Land Value: $255,800
  • Assessed Improvements Value: $407,700

    Sales

  • Current Sale Contract Date: Nov 08, 2023
  • Current Sale Recording Date: Nov 08, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231108001060
  • Previous Sale Recording Date: Jan 01, 1968
  • Previous Sale Amount: $28,900
  • 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:

$615,000

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1730 ft²

Average Home Age

90.6 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 73157876

Frequently Asked Questions

When was property at 10 Outlook Hill Road built and last sold?
The property at 10 Outlook Hill Road was built in 1967 and last sold on Nov 8, 2023 for $775,000.
How much is this home worth?
The estimated value of the home located at 10 Outlook Hill Road is $750,965.
What are some comparable homes to 10 Outlook Hill Road?
There are currently no comparable homes to 10 Outlook Hill Road.
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