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Salem 01970 South Salem
12 Cedar Ave
$221,400
● House - Off Market

12 Cedar Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,702 Ft²
$457,714
RealtyHop Estimate
108.15%
Since Dec 1, 2012
MA-Boston
Primary Model

About This Property

Lovingly Maintained Colonial On Private Dead End S Salem/Vinnin Sq Location. Quiet &  Serene Setting Bests Describes This Very Lrg  Home W/High Ceilings. Fully Applianced Kitchen Dng Rm & Lvg Rm on 1st Lvl W/Wood Flrs. 2nd Lvl Boasts 3 Bdrms W/Full CT Bath Also Bonus Full Fnished 3rd Level W/4th Bdrm & Family Rm Could Potentially Be Made Into Master En Suite. Very Large Lvl Private Back Yard For Entertaining W/Deck & Pool. Parking For 6 Cars. Bring Your Ideas To Turn This House Into Your Home.
Unit Size
1,702 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$129
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1915

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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: 4 months ago (MLSPIN #71389530)

Price History

Date / Event Date Event Price
Oct 7, 2021 Sold
Premium
Sold
Nov 16, 2012 Sold
Premium
Sold
May 30, 2012 Listed by Century 21 N. Shore RE $219,900
Listed by Century 21 N. Shore RE

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 652
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,326
  • Total Building Area: 1,702
  • Gross Building Area: 3,168
  • Building Area: 1,702
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 7
  • Heated Square Feet: 1,702
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGETOWN
  • Land Acres: 0000000214
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:21 L:0016
  • Lot: 16
  • Municipality: SALEM
  • Latitude: 42.4878
  • Longitude: -70.9009

    Address

  • Full Address: 12 Cedar Ave
  • Address - House Number: 12
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4202
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $530,800

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 554,437
  • High Value: 659,906
  • Low Value: 448,969

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $456,800
  • Assessed Land Value: $216,100
  • Assessed Improvements Value: $240,700

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211007004300
  • Previous Sale Recording Date: Nov 16, 2012
  • Previous Sale Amount: $221,400
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71389530

Frequently Asked Questions

When was property at 12 Cedar Avenue built and last sold?
The property at 12 Cedar Avenue was built in 1915 and last sold on Oct 7, 2021 for $318,000.
How much is this home worth?
The estimated value of the home located at 12 Cedar Avenue is $242,189.
What are some comparable homes to 12 Cedar Avenue?
There are currently no comparable homes to 12 Cedar Avenue.
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