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Salem 01970 South Salem
12 Sumner Rd
$463,000
● House - Off Market

12 Sumner Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,344 Ft²
$417,780
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

This lovely 3 bedroom, 1 bath home is in a great neighborhood and has been in the same family since it was built in 1914. With a little work and updating, this will make a fabulous property. Features include an enclosed front porch, glistening hardwood flooring, 1st floor bedroom, semi-finished basement with workshop & excellent utilities, replacement windows, aluminum siding, architectural roof, granite block foundation and parking for 3 vehicles. Easy to finish 2nd floor bonus room with skylight. Overlooking the broad, fenced back yard and the SSU Campus, it will make a great investment or homestead for the next generation. Final and best Offers are due by noon on Tuesday April 12th.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$298
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1914

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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 #72964509)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Better Living Real Estate, LLC $399,850
Listed by Better Living Real Estate, LLC

Property Highlights

Building Info

Overview

    General

  • Year Built: 1914
  • Effective Year Built: 1914
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,582
  • Total Building Area: 1,344
  • Gross Building Area: 3,301
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000151
  • 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:0076
  • Lot: 76
  • Municipality: SALEM
  • Latitude: 42.4993
  • Longitude: -70.8966

    Address

  • Full Address: 12 Sumner Rd
  • Address - House Number: 12
  • Address - Street Name: Sumner
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 4467
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $538,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 554,839
  • High Value: 657,145
  • Low Value: 452,534

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $463,200
  • Assessed Land Value: $198,500
  • Assessed Improvements Value: $264,700

    Sales

  • Current Sale Contract Date: Aug 23, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 362
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72964509

Frequently Asked Questions

When was property at 12 Sumner Road built and last sold?
The property at 12 Sumner Road was built in 1914 and last sold on Aug 23, 2022 for $463,000.
How much is this home worth?
The estimated value of the home located at 12 Sumner Road is $415,414.
What are some comparable homes to 12 Sumner Road?
There are currently no comparable homes to 12 Sumner Road.
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