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Salem 01970 Salem Neck
116 Columbus Ave.
Photo of 116 Columbus Ave.
Sold on May 22, 2025

38

Map

Photo of 116 Columbus Ave.
Photo of 116 Columbus Ave.
$621,000
● House - Off Market

116 Columbus Ave.

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,393 Ft²
$3,487
Est. Monthly
5.35%
Cap Rate

About This Property

Nestled in the sought-after seaside Juniper Point neighborhood, this charming single-family home offers a blend of comfort and coastal living. Enjoy nearby beaches and parks, a walk-out basement, a one-car garage, and a side yard adorned with blueberry bushes and columnar apple trees-ideal for your peaceful outdoor retreat. Take in peek-a-boo water views that enhance the charm of this property. Close by to Salem Willows, this home features a kitchen with quartz countertops, large windows that invite natural sunlight, a versatile sunroom for multi-purpose use, and a cozy front porch perfect for relaxation or welcoming guests. The sunny interior is complemented by spacious window sills, adding character and charm to the home. Don't miss the opportunity to own a slice of seaside living in this idyllic neighborhood!
Unit Size
1,393 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$452
Property Type
House
Property Taxes
$398
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 (MLSPIN #73352458)

Price History

Date / Event Date Event Price
May 22, 2025 Sold
Premium
Sold
Apr 9, 2025 In contract -
In contract
Mar 31, 2025 Listed $629,000
Listed
Aug 6, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,723
  • Total Building Area: 1,393
  • Gross Building Area: 2,423
  • Building Area: 1,393
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,393
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000063
  • 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: R1

Geography

  • Parcel: SALE M:45 L:0076
  • Lot: 76
  • Municipality: SALEM
  • Latitude: 42.534
  • Longitude: -70.8674

    Address

  • Full Address: 116 Columbus Ave
  • Address - House Number: 116
  • Address - Street Name: Columbus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5770
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $465,700

    Appraisal Valuation

  • Standard Deviation: 0.1813
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 528,207
  • High Value: 624,012
  • Low Value: 432,402

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $400,800
  • Assessed Land Value: $208,800
  • Assessed Improvements Value: $192,000

    Sales

  • Current Sale Recording Date: Aug 06, 1996
  • Current Sale Price:
    Premium
  • Current 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

1477 ft²

Average Home Age

150.1 years

Currently For Sale

14 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73352458

Frequently Asked Questions

When was property at 116 Columbus Avenue built and last sold?
The property at 116 Columbus Avenue was built in 1900 and last sold on Jan 1, 1970 for $122,000.
How much is this home worth?
The estimated value of the home located at 116 Columbus Avenue is $0.
What are some comparable homes to 116 Columbus Avenue?
There are currently no comparable homes to 116 Columbus Avenue.
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