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Salem 01970 Federal Street
12 Andover Street
$499,000
● House - Off Market

12 Andover Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,008 Ft²
$710,622
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

Salem's Historic McIntire District. The Michael McCarthy House circa 1876, located on a quaint side street in the heart of Salem. Relax and kick back in your private fenced in Beacon Hill style fieldstone patio and garden. Renovated kitchen with quartz countertops. Updated systems with modern day conveniences including central air, new wood windows, roof, Lennox Primo gas heating system and new 220v electrical. Enjoy Salem's downtown museums, restaurants and cafes. Ride the commuter rail to Boston. Two car driveway parking!
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$495
Property Type
House
Property Taxes
$510
HOA Dues
-
Year Built
1876

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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: 5 months ago (MLSPIN #72547842)

Price History

Date / Event Date Event Price
Oct 25, 2019 Sold
Premium
Sold
Aug 9, 2019 Listed by J. Barrett & Company $499,000
Listed by J. Barrett & Company
Jan 27, 2016 Sold
Premium
Sold
Oct 6, 2015 Listed by J. Barrett & Company $330,000
Listed by J. Barrett & Company
Dec 6, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1876
  • Effective Year Built: 1876
  • 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: 27
  • 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: 576
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,525
  • Total Building Area: 1,008
  • Gross Building Area: 1,728
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIRNEY-FOSTER
  • Land Acres: 0000000035
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:26 L:0596
  • Lot: 596
  • Municipality: SALEM
  • Latitude: 42.522
  • Longitude: -70.9025

    Address

  • Full Address: 12 Andover St
  • Address - House Number: 12
  • Address - Street Name: Andover
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3204
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $729,300

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 709,984
  • High Value: 863,593
  • Low Value: 556,375

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $627,600
  • Assessed Land Value: $213,700
  • Assessed Improvements Value: $413,900

    Sales

  • Current Sale Contract Date: Oct 04, 2019
  • Current Sale Recording Date: Oct 25, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191025004120
  • Previous Sale Recording Date: Jan 27, 2016
  • Previous Sale Amount: $300,000
  • 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 Federal Street

Stats & Trends

Median Asking:

$679,000

Sale Price/ft²

$402

Below Asking

0.01%

Average Days on Market

45

Average Home Size

2088 ft²

Average Home Age

123 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

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# 72547842

Frequently Asked Questions

When was property at 12 Andover Street built and last sold?
The property at 12 Andover Street was built in 1876 and last sold on Oct 4, 2019 for $499,000.
How much is this home worth?
The estimated value of the home located at 12 Andover Street is $495,585.
What are some comparable homes to 12 Andover Street?
There are currently no comparable homes to 12 Andover Street.
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