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Salem 01970 Salem Neck
11 Herbert Street
$474,500
● House - Off Market

11 Herbert Street

Salem, MA 01970
bedrooms
6 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,960 Ft²
$822,753
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model

About This Property

Location Location Location!!!Sunny Studs in Renovation!!! All new appliances, insulation,gas heat, bathrooms, kitchens,electric, plumbing, windows and doors.  Perfectly set up for first floor IN LAW where the kitchen is  appliance - ready. Make the sexier cosmetic changes to suit your taste, the canvas is neutral and ready for your color. Large cement floored dry fieldstone & brick basement offers great storage/workshop space.Coveted 4 Car off street parking with room for a beacon hill size garden or patio area. Turn key and ready for new owners. Heart of Salem, steps from Common, Derby & Pickering Wharf, MBTA and commuter ferry. Walk to beaches, playground, restaurants, theater, museums and shops. Call to make your appointment today.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$249
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1850

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71960316)

Price History

Date / Event Date Event Price
May 25, 2016 Sold
Premium
Sold
Feb 18, 2016 Listed by J. Barrett & Company $489,000
Listed by J. Barrett & Company
Nov 21, 2014 Sold
Premium
Sold
Aug 14, 2014 Listed by J. Barrett & Company $259,900
Listed by J. Barrett & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 10
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 980
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,644
  • Total Building Area: 2,205
  • Gross Building Area: 3,920
  • Building Area: 2,205
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,205
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000061
  • 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: 204300

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:35 L:0320
  • Lot: 320
  • Municipality: SALEM
  • Latitude: 42.5219
  • Longitude: -70.8888

    Address

  • Full Address: 11 Herbert St
  • Address - House Number: 11
  • Address - Street Name: Herbert
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C003
  • 4-Digit Zip Code: 5103
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $777,100

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 798,952
  • High Value: 971,129
  • Low Value: 626,776

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $668,800
  • Assessed Land Value: $183,500
  • Assessed Improvements Value: $485,300

    Sales

  • Current Sale Recording Date: May 25, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 549
  • Previous Sale Recording Date: Nov 21, 2014
  • Previous Sale Amount: $202,000
  • 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# 71960316

Frequently Asked Questions

When was property at 11 Herbert Street built and last sold?
The property at 11 Herbert Street was built in 1850 and last sold on Jan 1, 1970 for $474,900.
How much is this home worth?
The estimated value of the home located at 11 Herbert Street is $489,007.
What are some comparable homes to 11 Herbert Street?
There are currently no comparable homes to 11 Herbert Street.
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