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Salem 12865
11 Park Place
$110,000
● House - Off Market

11 Park Place

Salem, NY 12865
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,575 Ft²
$835
Est. Monthly
20.20%
Cap Rate

About This Property

Welcome to 11 Park Place.  This home offers  a blend of historic character, original details and a spacious layout.  Situated in a Village like setting with spacious yard, great for entertaining and outdoor activities.  Off street parking with 2 car garage.   Bring your personal touches and prepare to call this home!
Unit Size
1,575 Ft²
Days on Market
117 days
Land Size
0.42 acres
Price per sqft
$73
Property Type
House
Property Taxes
$273
HOA Dues
-
Year Built
1900

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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: 2 years ago (Global MLS #202430226)

Price History

Date / Event Date Event Price
May 21, 2025 Sold
Premium
Sold
Apr 13, 2025 In contract -
In contract
Mar 25, 2025 Price Decreased $114,500
↓ $15K (11.9%)
Price Decreased
Jan 28, 2025 Price Decreased $129,900
↓ $20K (13.3%)
Price Decreased
Jan 24, 2025 Relisted $149,900
Relisted
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 1
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 175
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 2,480
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,575
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000420
  • Standard Land Use Code: 1001
  • County Land Use Code: 210

Neighborhood

  • School District Name: Salem Central School District
  • School Tax School District: SALEM
  • Census Tract: 090000

Geography

  • Account Number: 951A100152
  • District: 534800
  • Section: 208.12
  • Parcel: 534800 208.12-4-11
  • Block: 4
  • Lot: 11.000
  • Municipality: SALEM
  • Latitude: 43.1696
  • Longitude: -73.3278

    Address

  • Full Address: 11 Park Pl
  • Address - House Number: 11
  • Address - Street Name: Park
  • Address - Suffix Type: Pl
  • State: NY
  • City Name: Salem
  • Zip Code: 12865

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $243,572
  • Tax Rate Code Area: 534801

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 44
  • Final Value: 147,932
  • High Value: 202,913
  • Low Value: 92,951

    Market Valuation

  • Market Total Value: $134,091
  • Market Land Value: $28,068
  • Market Improvement Value: $106,023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $118,000
  • Assessed Land Value: $24,700
  • Assessed Improvements Value: $93,300

    Exemptions

  • Veteran Exemption: Yes
  • Senior Citizen Exemption : Yes
  • Homeowner Exemption: Yes
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

Stats & Trends

Median Asking:

$209,950

Sale Price/ft²

$116

Below Asking

0.03%

Average Days on Market

84

Average Home Size

2278 ft²

Average Home Age

134.6 years

Currently For Sale

5 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

Rentals Near You

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Global MLS

Listed by: Stacey Loya
PennyDot Realty
Last Updated: 2 years ago
Data Source: Global MLS , MLS# 202430226
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 11 Park Place built and last sold?
The property at 11 Park Place was built in 1900 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 11 Park Place is $0.
What are some comparable homes to 11 Park Place?
There are currently no comparable homes to 11 Park Place.
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