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Salem 01970 South Salem
12 Raymond Road
$380,000
● House - Off Market

12 Raymond Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,462 Ft²
$555,083
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Just listed with great curb appeal! Wonderful 3 bedroom, 2 bath Cape with a flexible floor plan located on a nicely landscaped lot. Awesome neighborhood close to Marblehead, Salem State, Forest River Park and area beaches. This sunny home has so much to offer. Features include hardwood floors, a fully applianced kitchen with gas cooking and dining area, spacious dining room, and a living room with cathedral ceilings and French doors. The spiral staircase leads to a loft style bonus room which could be a 4th bedroom or office. Enjoy your private fenced backyard from your deck. Detached Garage! This home is a must see!
Unit Size
1,462 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$266
Property Type
House
Property Taxes
$416
HOA Dues
-
Year Built
1921

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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 #72483797)

Price History

Date / Event Date Event Price
Jun 24, 2019 Sold
Premium
Sold
Apr 16, 2019 Listed by Keller Williams Realty Evolution $389,000
Listed by Keller Williams Realty Evolution
May 13, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Keller Williams Realty Evolution $319,900
Listed by Keller Williams Realty Evolution
May 31, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1921
  • Effective Year Built: 1921
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,024
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,354
  • Total Building Area: 1,462
  • Gross Building Area: 3,421
  • Building Area: 1,462
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,462
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:32 L:0012
  • Lot: 12
  • Municipality: SALEM
  • Latitude: 42.501
  • Longitude: -70.8935

    Address

  • Full Address: 12 Raymond Rd
  • Address - House Number: 12
  • Address - Street Name: Raymond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5325
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $546,100

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 556,490
  • High Value: 652,594
  • Low Value: 460,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $470,000
  • Assessed Land Value: $178,600
  • Assessed Improvements Value: $291,400

    Sales

  • Current Sale Contract Date: Jun 21, 2019
  • Current Sale Recording Date: Jun 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190624001480
  • Previous Sale Recording Date: May 13, 2015
  • Previous Sale Amount: $313,500
  • 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

2257 ft²

Average Home Age

86.4 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

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# 72483797

Frequently Asked Questions

When was property at 12 Raymond Road built and last sold?
The property at 12 Raymond Road was built in 1921 and last sold on Jun 21, 2019 for $380,000.
How much is this home worth?
The estimated value of the home located at 12 Raymond Road is $398,979.
What are some comparable homes to 12 Raymond Road?
There are currently no comparable homes to 12 Raymond Road.
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