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Salem 01970 South Salem
11 Nurse Way
$585,000
● House - Off Market

11 Nurse Way

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,330 Ft²
$936,138
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

Rare opportunity to own a new construction in Salem full of modern amenities! This home is ideally located on a quiet dead-end street in the heart of the Gallows Hill neighborhood. Features a landscaped lawn, 2 car garage, front porch, and hardwood throughout. First floor boasts an open floor plan and kitchen with granite island/countertops that opens up to back deck. Perfect for summer grilling! 4 bedrooms are located on the 2nd floor, including a master suite complete with double closets, master bath and reading nook!
Unit Size
2,330 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$257
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

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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 #72161002)

Price History

Date / Event Date Event Price
Jul 20, 2017 Sold
Premium
Sold
May 9, 2017 Listed by Keller Williams Realty Evolution $599,900
Listed by Keller Williams Realty Evolution
Jan 6, 2017 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 990
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,200
  • Total Building Area: 2,449
  • Gross Building Area: 4,526
  • Building Area: 2,449
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,449
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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

Geography

  • Parcel: SALE M:09 L:0259
  • Lot: 259
  • Municipality: SALEM
  • Latitude: 42.5113
  • Longitude: -70.9193

    Address

  • Full Address: 11 Nurse Way
  • Address - House Number: 11
  • Address - Street Name: Nurse
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salem
  • Carrier Code: C042
  • 4-Digit Zip Code: 1970
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $918,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 884,320
  • High Value: 1,023,913
  • Low Value: 744,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $790,100
  • Assessed Land Value: $205,700
  • Assessed Improvements Value: $584,400

    Sales

  • Current Sale Contract Date: Jul 15, 2017
  • Current Sale Recording Date: Jul 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 584461
  • Previous Sale Recording Date: Jan 06, 2017
  • Previous Sale Amount: $177,500
  • 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:

$615,000

Sale Price/ft²

$370

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1774 ft²

Average Home Age

90.6 years

Currently For Sale

38 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# 72161002

Frequently Asked Questions

When was property at 11 Nurse Way built and last sold?
The property at 11 Nurse Way was built in 2016 and last sold on Jul 15, 2017 for $585,000.
How much is this home worth?
The estimated value of the home located at 11 Nurse Way is $614,021.
What are some comparable homes to 11 Nurse Way?
There are currently no comparable homes to 11 Nurse Way.
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