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Salem 01970 Salem Neck
11 Ames St
$280,000
● House - Off Market

11 Ames St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,756 Ft²
$386,839
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Cash offers must show funds to purchase. Priced below market value for ocean frontage. Great opportunity to own property with ocean frontage for swimming or boating at high tide. Small but nice yards on both sides of the house. Walk up attic could be finished and would have stunning ocean view. BUYER MUST DO THEIR OWN DUE DILIGENCE. A property survey is usually required by the settlement agent/attorney responsible for closing a property purchase transaction - the survey will reveal if the property is located in a Flood Hazard Area. The Salem maps show the house outside the flood zones.
Unit Size
1,756 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$147
Property Type
House
Property Taxes
$202
HOA Dues
-
Year Built
1885

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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 #72341075)

Price History

Date / Event Date Event Price
Dec 28, 2018 Sold
Premium
Sold
Jul 10, 2018 Sold
Premium
Sold
Jun 6, 2018 Listed by Susan Trethaway $259,000
Listed by Susan Trethaway

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1885
  • Effective Year Built: 1885
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 846
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,598
  • Total Building Area: 2,892
  • Gross Building Area: 4,928
  • Building Area: 2,892
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,892
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000083
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:37 L:0050
  • Lot: 50
  • Municipality: SALEM
  • Latitude: 42.5357
  • Longitude: -70.8879

    Address

  • Full Address: 11 Ames St
  • Address - House Number: 11
  • Address - Street Name: Ames
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2609
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $942,300

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 622,597
  • High Value: 765,664
  • Low Value: 479,529

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $810,900
  • Assessed Land Value: $195,400
  • Assessed Improvements Value: $615,500

    Sales

  • Current Sale Contract Date: Dec 18, 2018
  • Current Sale Recording Date: Dec 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181228003350
  • Previous Sale Recording Date: Jul 10, 2018
  • Previous Sale Amount: $110,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 years

Currently For Sale

13 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# 72341075

Frequently Asked Questions

When was property at 11 Ames Street built and last sold?
The property at 11 Ames Street was built in 1885 and last sold on Dec 18, 2018 for $280,000.
How much is this home worth?
The estimated value of the home located at 11 Ames Street is $274,484.
What are some comparable homes to 11 Ames Street?
There are currently no comparable homes to 11 Ames Street.
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