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Salem 01970 North Salem
12 Phillips St
$234,500
● House - Off Market

12 Phillips St

Salem, MA 01970
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,040 Ft²
$413,153
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

A winning combination. $ 9k price reduction & a New Shower added to 1st fl bathroom. 12 Phillips is situated in a Friendly Neighborhood with long-term property owners in quiet Mack Park/North Salem location. Close to the Peabody line with very easy access to routes 1 and 128. Plus only a 15-20 minute walk to the Salem Train Station and thriving Downtown Salem. Well-maintained home w/ 1 & 3/4 bathrooms..just move right on in.  8x16 deck off the family room overlooks the fenced in back yard. By adding a closet to the 1st floor Family Room you could have a 3rd bedroom if needed.  2 bedrooms w/ vaulted ceilings, master bedroom with a skylight and a master bathroom. Eat-in kitchen with tile floor. 1st floor 1/2 bath full sized washing machine & clothes dryer.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$226
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1800

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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 #71907040)

Price History

Date / Event Date Event Price
Dec 31, 2015 Sold
Premium
Sold
Sep 17, 2015 Listed by RE/MAX Advantage Real Estate $235,000
Listed by RE/MAX Advantage Real Estate
Jun 6, 2003 Sold
Premium
Sold
Mar 19, 2003 Listed by RE/MAX Advantage Real Estate $220,000
Listed by RE/MAX Advantage Real Estate
Jul 10, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 448
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 1,882
  • Total Building Area: 1,040
  • Gross Building Area: 1,616
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000043
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:16 L:0251
  • Lot: 251
  • Municipality: SALEM
  • Latitude: 42.5257
  • Longitude: -70.9108

    Address

  • Full Address: 12 Phillips St
  • Address - House Number: 12
  • Address - Street Name: Phillips
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C017
  • 4-Digit Zip Code: 1538
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $521,400

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 516,295
  • High Value: 609,476
  • Low Value: 423,115

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $448,700
  • Assessed Land Value: $179,800
  • Assessed Improvements Value: $268,900

    Sales

  • Current Sale Recording Date: Dec 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 447
  • Previous Sale Recording Date: Jun 06, 2003
  • Previous Sale Amount: $219,000
  • 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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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# 71907040

Frequently Asked Questions

When was property at 12 Phillips Street built and last sold?
The property at 12 Phillips Street was built in 1800 and last sold on Jan 1, 1970 for $234,500.
How much is this home worth?
The estimated value of the home located at 12 Phillips Street is $247,344.
What are some comparable homes to 12 Phillips Street?
There are currently no comparable homes to 12 Phillips Street.
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