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Salem 01970 South Salem
103 Marlborough Rd
Photo of 103 Marlborough Rd
Sold on Jun 20, 2008

1

Map

$392,500
● House - Off Market

103 Marlborough Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,478 Ft²
$748,185
RealtyHop Estimate
96.94%
Since Jul 1, 2008
MA-Boston
Primary Model

About This Property

****Mulitple Offer Notification - Please submit all final Highest and Best offers no later than 2pm on April 30th***** Bank Owned! Beautiful 8 room, 3-4 bedroom home built in 2005. This home features hardwood flooring, 2.5 baths, central air conditioning, a large, flat back yard and 2 car garage. The Master bedroom features a large walk-in closet and master bath. There is an office (potential 4th bedroom) which leads to a large walk up attic. Sold As-Is. No Seller's Statement.
Unit Size
2,478 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$153
Property Type
House
Property Taxes
$472
HOA Dues
-
Year Built
2005

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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 #70748199)

Price History

Date / Event Date Event Price
Jun 20, 2008 Sold
Premium
Sold
Apr 22, 2008 Listed $379,900
Listed
Jan 31, 2008 Sold
Premium
Sold
Jan 11, 2006 Sold
Premium
Sold
Sep 21, 2005 Listed by Mejia Real Estate LLC $499,000
Listed by Mejia Real Estate LLC
CUSTOM BUILT NEW CONSTRUCTION. ELEGANT COLONIAL HOME OFFERING 4 BEDROOMS, 2 1/2 BATHS, DESIGNER KITCHEN, FIREPLACED LIVING ROOM, CENTRAL AIR, 2 CAR ATTACHED GARAGE. FABULOUS VALUE!!

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,040
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,328
  • Total Building Area: 2,128
  • Gross Building Area: 4,464
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARGARET M MCSHAY
  • Land Acres: 0000000604
  • 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:09 L:0008
  • Lot: 8
  • Municipality: SALEM
  • Latitude: 42.5094
  • Longitude: -70.9287

    Address

  • Full Address: 103 Marlborough Rd
  • Address - House Number: 103
  • Address - Street Name: Marlborough
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1067
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $814,700

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 780,555
  • High Value: 915,894
  • Low Value: 645,216

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $701,100
  • Assessed Land Value: $204,000
  • Assessed Improvements Value: $497,100

    Sales

  • Current Sale Recording Date: Jun 20, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 31, 2008
  • Previous Sale Amount: $391,000
  • Previous Sale Document Type: 34
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

$369

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1714 ft²

Average Home Age

89.4 years

Currently For Sale

36 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# 70748199

Frequently Asked Questions

When was property at 103 Marlborough Road built and last sold?
The property at 103 Marlborough Road was built in 2005 and last sold on Jan 1, 1970 for $392,500.
How much is this home worth?
The estimated value of the home located at 103 Marlborough Road is $414,074.
What are some comparable homes to 103 Marlborough Road?
There are currently no comparable homes to 103 Marlborough Road.
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