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Salem 01970 Salem Neck
11 Pickman Street
$300,000
● House - Off Market

11 Pickman Street

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,700 Ft²
$499,584
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

New windows, insulation,  Hardwood flooring.  Great home with 2 additional bedrooms on 3rd floor.  2 car + off street parking,  Nice fenced yard for a garden,  This is a wonderful home waiting for you to bring it to a "today show house".  Location can't be beat!  Walk to the wharf, the shops, restaurants and the water.  Own a piece of the past!  Third floor space not included in sq footage.  First showings at Open House Sunday, June 26th 1-3pm.
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$176
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1860

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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 #72026542)

Price History

Date / Event Date Event Price
Sep 29, 2016 Sold
Premium
Sold
Jun 21, 2016 Listed by Keller Williams Realty Evolution $300,000
Listed by Keller Williams Realty Evolution
Jan 1, 1971 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 871
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,400
  • Total Building Area: 1,621
  • Gross Building Area: 3,332
  • Building Area: 1,621
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,621
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000055
  • 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: 204400

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:35 L:0587
  • Lot: 587
  • Municipality: SALEM
  • Latitude: 42.5266
  • Longitude: -70.8888

    Address

  • Full Address: 11 Pickman St
  • Address - House Number: 11
  • Address - Street Name: Pickman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C008
  • 4-Digit Zip Code: 3842
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $619,200

    Appraisal Valuation

  • Standard Deviation: 0.1962
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 724,687
  • High Value: 866,897
  • Low Value: 582,477

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,900
  • Assessed Land Value: $182,300
  • Assessed Improvements Value: $350,600

    Sales

  • Current Sale Contract Date: Sep 12, 2016
  • Current Sale Recording Date: Sep 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 575806
  • Previous Sale Recording Date: Jan 01, 1971
  • Previous Sale Amount: $63,700
  • 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

56

Average Home Size

1384 ft²

Average Home Age

170 years

Currently For Sale

11 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# 72026542

Frequently Asked Questions

When was property at 11 Pickman Street built and last sold?
The property at 11 Pickman Street was built in 1860 and last sold on Sep 12, 2016 for $300,000.
How much is this home worth?
The estimated value of the home located at 11 Pickman Street is $303,000.
What are some comparable homes to 11 Pickman Street?
There are currently no comparable homes to 11 Pickman Street.
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