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Salem 01970 South Salem
121 Marlborough Road
$110,000
● Land - Off Market

121 Marlborough Road

Salem, MA 01970
bedrooms
Studio
bathrooms
0 Bath
$280,681
RealtyHop Estimate
134.10%
Since May 1, 2002
MA-Boston
Primary Model

About This Property

LARGE WOODED RESIDENTIAL SITE CLOSE TO ALL CONVENIENCES. ALL PERMITS BY BUYER.
Unit Size
-
Days on Market
-
Land Size
1.34 acres
Price per sqft
-
Property Type
Land
Property Taxes
$200
HOA Dues
-
Year Built
2002

Payment Calculator

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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: 6 months ago (MLSPIN #30576693)

Price History

Date / Event Date Event Price
Dec 15, 2008 Sold
Premium
Sold
Dec 8, 2007 Listed by Tache Real Estate, Inc. $389,000
Listed by Tache Real Estate, Inc.
CHARMING, NEWER CONSTRUCTION. FULLY APPLIANCED, CENTRAL AIR, DECK, BEAUTIFUL HARDWOOD FLOOR, FIREPLACE. POTENIAL FOR INLAW APT OR EXPANDED FAMILY ROOM WITH FULL BATH. 3RD LEVEL HAS FINISHED AREA SUITABLE FOR KIDS PLAYROOM. EASY TO SHOW.
Nov 15, 2002 Sold
Premium
Sold
Apr 4, 2002 Sold
Premium
Sold
Feb 1, 2002 Listed by Property Consultants $119,900
Listed by Property Consultants

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 139,148
  • Total Building Area: 1,872
  • Gross Building Area: 3,160
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003194
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:09 L:0275
  • Lot: 275
  • Municipality: SALEM
  • Latitude: 42.5103
  • Longitude: -70.9288

    Address

  • Full Address: 121 Marlborough Rd
  • Address - House Number: 121
  • Address - Street Name: Marlborough
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1067
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $718,200

    Appraisal Valuation

  • Standard Deviation: 0.1521
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 717,554
  • High Value: 826,733
  • Low Value: 608,376

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $618,100
  • Assessed Land Value: $205,900
  • Assessed Improvements Value: $412,200

    Sales

  • Current Sale Recording Date: Dec 15, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Nov 15, 2002
  • Previous Sale Amount: $345,576
  • 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:

$615,000

Sale Price/ft²

$370

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1774 ft²

Average Home Age

90.6 years

Currently For Sale

38 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: 6 months ago
Data Source: MLS PIN, MLS# 30576693

Frequently Asked Questions

When was property at 121 Marlborough Road built and last sold?
The property at 121 Marlborough Road was built in 2002 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 121 Marlborough Road is $425,425.
What are some comparable homes to 121 Marlborough Road?
There are currently no comparable homes to 121 Marlborough Road.
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