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Salem 01970 South Salem
14 Fairfield Street
$875,000
● House - Off Market

14 Fairfield Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
3,115 Ft²
$827,767
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Located on a Sunny corner in the heart of Historic Salem is 14 Fairfield Street. This Queen Anne single family, circa 1890, has four bedrooms, one full and two half baths, an eat-in kitchen, a large family room, a spacious dining room, a living room, two fireplaces and hardwood floors throughout. This is a family-friendly home where wonderful memories will be made! The basement has a finished bedroom, a workshop area, and ample storage. There is a seasonal screened-in porch and a lovely fenced-in yard, which is rare near downtown Salem. There is a 2-car garage with 2 additional spaces in the driveway, providing parking for a total of 4 vehicles. The home's central location is a short walk to downtown Salem's restaurants, museums, shopping, the waterfront, beaches, Salem State, and the train and ferry to Boston.
Unit Size
3,115 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$265
Property Type
House
Property Taxes
$708
HOA Dues
-
Year Built
1842

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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 #73112420)

Price History

Date / Event Date Event Price
Jun 30, 2023 Sold
Premium
Sold
May 25, 2023 In contract -
In contract
May 17, 2023 Listed by William Raveis R.E. & Home Services $825,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1842
  • Effective Year Built: 1842
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 1,449
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,125
  • Total Building Area: 2,391
  • Gross Building Area: 4,000
  • Building Area: 2,391
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,391
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000141
  • 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: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:34 L:0057
  • Lot: 57
  • Municipality: SALEM
  • Latitude: 42.5145
  • Longitude: -70.8947

    Address

  • Full Address: 14 Fairfield St
  • Address - House Number: 14
  • Address - Street Name: Fairfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 4808
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $876,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 801,474
  • High Value: 973,290
  • Low Value: 629,657

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,300
  • Assessed Land Value: $240,600
  • Assessed Improvements Value: $513,700

    Sales

  • Current Sale Contract Date: Jun 30, 2023
  • Current Sale Recording Date: Jun 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230630005420
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

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1730 ft²

Average Home Age

90.6 years

Currently For Sale

39 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# 73112420

Frequently Asked Questions

When was property at 14 Fairfield Street built and last sold?
The property at 14 Fairfield Street was built in 1842 and last sold on Jun 30, 2023 for $875,000.
How much is this home worth?
The estimated value of the home located at 14 Fairfield Street is $848,598.
What are some comparable homes to 14 Fairfield Street?
There are currently no comparable homes to 14 Fairfield Street.
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