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Salem 01970 Salem Neck
14 Larkin Ln
$435,000
● House - Off Market

14 Larkin Ln

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,064 Ft²
$660,504
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Mid Century Cape at Salem Willows !!! This home has been well-cared for over the years situated on a quiet side street and located next to Fort Lee, which is listed on the National Register of Historic Places.   Side entrance from the driveway leads you to a mudroom and into the bright, sunny eat-in kitchen  with plenty of solid wood cabinets and counter space.  Large fireplace living room, full tile bath, dining room, master bedroom and oversized fireplaced family room complete the first floor.  Two well-sized bedrooms with hardwood floors and a bonus room that can be turned into a second bath or office.  Add your own personal touches and make this your home
Unit Size
2,064 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$206
Property Type
House
Property Taxes
$412
HOA Dues
-
Year Built
1959

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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: 4 months ago (MLSPIN #72180948)

Price History

Date / Event Date Event Price
Aug 2, 2017 Sold
Premium
Sold
Jun 13, 2017 Listed by Cameron Real Estate Group $425,000
Listed by Cameron Real Estate Group

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,209
  • Total Building Area: 1,848
  • Gross Building Area: 3,020
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:42 L:0044
  • Lot: 44
  • Municipality: SALEM
  • Latitude: 42.5294
  • Longitude: -70.8779

    Address

  • Full Address: 14 Larkin Ln
  • Address - House Number: 14
  • Address - Street Name: Larkin
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5624
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $616,400

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 681,561
  • High Value: 799,861
  • Low Value: 563,261

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $530,500
  • Assessed Land Value: $186,800
  • Assessed Improvements Value: $343,700

    Sales

  • Current Sale Recording Date: Aug 02, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63
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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 years

Currently For Sale

13 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# 72180948

Frequently Asked Questions

When was property at 14 Larkin Lane built and last sold?
The property at 14 Larkin Lane was built in 1959 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 14 Larkin Lane is $461,278.
What are some comparable homes to 14 Larkin Lane?
There are currently no comparable homes to 14 Larkin Lane.
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