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Salem 01970 South Salem
11 Pacific St
$425,000
● House - Off Market

11 Pacific St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,041 Ft²
$612,735
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Move right into this charming 7+ room colonial.Upon entering you are greeted by a large foyer and lots of natural light throughout.The spacious living room flows into the formal dining room, which has a cozy den off of it. The modern kitchen is fully applianced, with an abundance of cabinets and closets and granite counters and recessed lighting. There is a half bath on the first floor.Hardwood floors under all the carpets. Second floor features 3 bedrooms and plenty of closets and a full bath. the basement has a large laundry room, work shop and a finished room. plenty of parking and a nice yard with a patio. enclosed front porch to relax on.
Unit Size
2,041 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$211
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1920

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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: 5 months ago (MLSPIN #72495969)

Price History

Date / Event Date Event Price
Jul 12, 2019 Sold
Premium
Sold
May 8, 2019 Listed by Century 21 Tradition $429,900
Listed by Century 21 Tradition
Jan 1, 1972 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 884
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,688
  • Gross Building Area: 2,842
  • Building Area: 1,688
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,688
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204101

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:32 L:0101
  • Lot: 101
  • Municipality: SALEM
  • Latitude: 42.5041
  • Longitude: -70.8949

    Address

  • Full Address: 11 Pacific St
  • Address - House Number: 11
  • Address - Street Name: Pacific
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C028
  • 4-Digit Zip Code: 4525
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $618,800

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 646,595
  • High Value: 762,056
  • Low Value: 531,135

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,500
  • Assessed Land Value: $162,000
  • Assessed Improvements Value: $370,500

    Sales

  • Current Sale Contract Date: Jun 17, 2019
  • Current Sale Recording Date: Jul 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190712006610
  • Previous Sale Recording Date: Jan 01, 1972
  • Previous Sale Amount: $27,500
  • 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:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2133 ft²

Average Home Age

83.7 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: 5 months ago
Data Source: MLS PIN, MLS# 72495969

Frequently Asked Questions

When was property at 11 Pacific Street built and last sold?
The property at 11 Pacific Street was built in 1920 and last sold on Jun 17, 2019 for $425,000.
How much is this home worth?
The estimated value of the home located at 11 Pacific Street is $452,123.
What are some comparable homes to 11 Pacific Street?
There are currently no comparable homes to 11 Pacific Street.
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