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Salem 01970 South Salem
13 Putnum
$270,000
● House - Off Market

13 Putnum

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,900 Ft²
$1,326
Est. Monthly

About This Property

Brand new just built   2 large bedrooms 23'x14'   full and half bath   another full all plumbed  with 3rd and 4th bedrooms nearly completed.  Private large deck ,    state of the art boiler 97% efficiency NEW    Very similar to luxury condo with no fees   just built with warranty included,  quiet neighborhood,  open concept,   off street parking for 4 , no maintenance vinyl and trex.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$142
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2009

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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: 2 years ago (MLSPIN #71061695)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
Apr 7, 2021 Listed $459,900
Listed
Jul 1, 2010 Sold
Premium
Sold
Apr 7, 2010 Listed $270,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • 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: 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: 888
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,222
  • Total Building Area: 2,220
  • Gross Building Area: 2,840
  • Building Area: 2,220
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,220
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • 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: R2

Geography

  • Parcel: SALE M:15 L:0273
  • Lot: 273
  • Municipality: SALEM
  • Latitude: 42.5188
  • Longitude: -70.9107

    Address

  • Full Address: 13 Putnam St
  • Address - House Number: 13
  • Address - Street Name: Putnam
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1418
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $634,500

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 603,370
  • High Value: 707,570
  • Low Value: 499,170

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $546,000
  • Assessed Land Value: $145,200
  • Assessed Improvements Value: $400,800

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210715003010
  • Previous Sale Recording Date: Dec 06, 2013
  • 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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2133 ft²

Average Home Age

83.7 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: 2 years ago
Data Source: MLS PIN, MLS# 71061695

Frequently Asked Questions

When was property at 13 Putnam Street built and last sold?
The property at 13 Putnam Street was built in 2009 and last sold on Jul 15, 2021 for $476,000.
How much is this home worth?
The estimated value of the home located at 13 Putnam Street is $483,674.
What are some comparable homes to 13 Putnam Street?
There are currently no comparable homes to 13 Putnam Street.
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