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Salem 01970 South Salem
12 Riverbank Rd
$392,500
● House - Off Market

12 Riverbank Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,144 Ft²
$730,461
RealtyHop Estimate
82.66%
Since Nov 1, 2014
MA-Boston
Primary Model

About This Property

This house does not disappoint! Location, layout, space, and amazing high-quality custom built-ins and upgrades. 3 bedroom, 3 full bath Colonial overlooking the serene Forest River.  All New 2nd floor addition in 2010 with 3 new bedrooms, 2 new baths with Granite and Tumbled Marble. Spacious & lovely Master Suite including custom bath. Come enjoy the quiet street, fenced yard, fire placed living room, family room and lower level playroom! You are surrounded by nature living here--water access at the end of the street for launching Kayaks, biking/walking trails moments away, Salem Woods & Forest River Park close by.
Unit Size
2,144 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$187
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1950

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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 #71651220)

Price History

Date / Event Date Event Price
Oct 1, 2014 Sold
Premium
Sold
Mar 28, 2014 Listed by RE/MAX Advantage Real Estate $399,900
Listed by RE/MAX Advantage Real Estate
Jan 31, 2008 Sold
Premium
Sold
May 1, 2007 Listed by RE/MAX Advantage Real Estate $349,000
Listed by RE/MAX Advantage Real Estate
May 17, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 774
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,602
  • Total Building Area: 1,624
  • Gross Building Area: 2,510
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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:31 L:0276
  • Lot: 276
  • Municipality: SALEM
  • Latitude: 42.4958
  • Longitude: -70.8888

    Address

  • Full Address: 12 Riverbank Rd
  • Address - House Number: 12
  • Address - Street Name: Riverbank
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5313
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $787,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 740,112
  • High Value: 857,638
  • Low Value: 622,585

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $678,000
  • Assessed Land Value: $237,500
  • Assessed Improvements Value: $440,500

    Sales

  • Current Sale Recording Date: Oct 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100023
  • Previous Sale Recording Date: Jan 31, 2008
  • Previous Sale Amount: $335,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2169 ft²

Average Home Age

85.1 years

Currently For Sale

34 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# 71651220

Frequently Asked Questions

When was property at 12 Riverbank Road built and last sold?
The property at 12 Riverbank Road was built in 1950 and last sold on Jan 1, 1970 for $392,500.
How much is this home worth?
The estimated value of the home located at 12 Riverbank Road is $424,860.
What are some comparable homes to 12 Riverbank Road?
There are currently no comparable homes to 12 Riverbank Road.
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