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Salem 01970 South Salem
128 Marlborough Rd
$311,000
● House - Off Market

128 Marlborough Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$604,235
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Just unpack and move into this updated 7 room, 3 bedroom, 2 bath ranch. Features includes an open floor plan, bright sun- filled rooms, gleaming hardwood floors in L/R, D/R & bedrooms, a beautiful large gourmet kitchen with granite countertops, recessed lighting & new appliances, newer replacement windows throughout, parking for 4 cars including one in the garage under. Large hi-ceiling basement offers expansion potential. .
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$228
Property Type
House
Property Taxes
$320
HOA Dues
-
Year Built
1948

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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 #71530248)

Price History

Date / Event Date Event Price
Aug 21, 2013 Sold
Premium
Sold
May 22, 2013 Listed by RE/MAX Andrew Realty Services $319,000
Listed by RE/MAX Andrew Realty Services
Aug 2, 2012 Sold
Premium
Sold
Jun 21, 2012 Listed by RE/MAX Andrew Realty Services $134,900
Listed by RE/MAX Andrew Realty Services
Mar 8, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,400
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 8,777
  • Total Building Area: 1,501
  • Gross Building Area: 3,181
  • Building Area: 1,501
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WEST END HEIGHTS
  • Land Acres: 0000000201
  • 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:0025
  • Lot: 25
  • Municipality: SALEM
  • Latitude: 42.5111
  • Longitude: -70.9279

    Address

  • Full Address: 128 Marlborough Rd
  • Address - House Number: 128
  • Address - Street Name: Marlborough
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1000
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,000

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 644,312
  • High Value: 759,365
  • Low Value: 529,260

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $576,600
  • Assessed Land Value: $184,000
  • Assessed Improvements Value: $392,600

    Sales

  • Current Sale Recording Date: Aug 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Aug 02, 2012
  • Previous Sale Amount: $154,000
  • Previous Sale Document Type: 71
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:

$614,500

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1729 ft²

Average Home Age

92.1 years

Currently For Sale

41 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# 71530248

Frequently Asked Questions

When was property at 128 Marlborough Road built and last sold?
The property at 128 Marlborough Road was built in 1948 and last sold on Jan 1, 1970 for $311,000.
How much is this home worth?
The estimated value of the home located at 128 Marlborough Road is $325,396.
What are some comparable homes to 128 Marlborough Road?
There are currently no comparable homes to 128 Marlborough Road.
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