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Salem 01970 Salem Neck
12 Larkin Ln
$515,000
● House - Off Market

12 Larkin Ln

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,310 Ft²
$769,448
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Gorgeous, well maintained single family home on a dead-end street in the desirable Salem Willows neighborhood. This home contains tons of livable space, much larger than it looks from outside! Enjoy brand-new, stainless steel appliances in the bright open kitchen which opens up to a beautiful deck great for entertaining. The home features four large bedrooms, two featuring private half baths. and all with gleaming hardwood floors. A massive entertaining space off the kitchen features a large, working, brick fireplace with a Vermont Castings wood stove and sliders out to the fenced in back yard. Basement recently remodeled with pine ship-lap ceilings and new floors. Brand new photo-voltaic solar system installed in 08/2017, no annual electric costs!
Unit Size
2,310 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$223
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1955

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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: 4 months ago (MLSPIN #72285632)

Price History

Date / Event Date Event Price
Apr 30, 2018 Sold
Premium
Sold
Feb 25, 2018 Listed by Stuart St James, Inc. $515,000
Listed by Stuart St James, Inc.
Sep 9, 2015 Sold
Premium
Sold
Jul 23, 2015 Listed by Stuart St James, Inc. $399,000
Listed by Stuart St James, Inc.
Jan 29, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,028
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,839
  • Total Building Area: 2,856
  • Gross Building Area: 3,974
  • Building Area: 2,856
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,856
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • 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:42 L:0045
  • Lot: 45
  • Municipality: SALEM
  • Latitude: 42.5293
  • Longitude: -70.8781

    Address

  • Full Address: 12 Larkin Ln
  • Address - House Number: 12
  • Address - Street Name: Larkin
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5624
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $787,000

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 802,145
  • High Value: 929,522
  • Low Value: 674,768

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $677,300
  • Assessed Land Value: $185,100
  • Assessed Improvements Value: $492,200

    Sales

  • Current Sale Recording Date: Apr 30, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180430007150
  • Previous Sale Recording Date: Sep 09, 2015
  • Previous Sale Amount: $415,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 years

Currently For Sale

13 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: 4 months ago
Data Source: MLS PIN, MLS# 72285632

Frequently Asked Questions

When was property at 12 Larkin Lane built and last sold?
The property at 12 Larkin Lane was built in 1955 and last sold on Jan 1, 1970 for $515,000.
How much is this home worth?
The estimated value of the home located at 12 Larkin Lane is $540,614.
What are some comparable homes to 12 Larkin Lane?
There are currently no comparable homes to 12 Larkin Lane.
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