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Salem 01970 Salem Neck
145 Fort Avenue
$392,000
● House - Off Market

145 Fort Avenue

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,384 Ft²
$728,466
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

Salem Willows-- Spacious, charming Victorian cottage with waterviews from many windows!  Bright and airy open floor plan -- lst floor includes living room, dining room with fireplace, enclosed porch, full bath, large den opening onto large deck with waterview and updated great kitchen.  3 good-sized bedrooms upstairs, full bath and views too.  Come "home" and live in the Historic City of Salem and be a part of the Willows oceanfront neighborhood founded in 1858!!
Unit Size
1,384 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$289
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1900

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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 #71763824)

Price History

Date / Event Date Event Price
Dec 31, 2014 Sold
Premium
Sold
Oct 31, 2014 Listed by Coldwell Banker Residential Brokerage - Salem $399,900
Listed by Coldwell Banker Residential Brokerage - Salem
Jun 28, 2002 Sold
Premium
Sold
Apr 13, 2002 Listed by Coldwell Banker Residential Brokerage - Salem $329,900
Listed by Coldwell Banker Residential Brokerage - Salem
May 10, 1996 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 860
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,201
  • Total Building Area: 1,637
  • Gross Building Area: 3,410
  • Building Area: 1,637
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,637
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SALEM WILLOWS
  • Land Acres: 0000000119
  • 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:44 L:0004
  • Lot: 4
  • Municipality: SALEM
  • Latitude: 42.5336
  • Longitude: -70.8708

    Address

  • Full Address: 145 Fort Ave
  • Address - House Number: 145
  • Address - Street Name: Fort
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5743
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $712,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 782,086
  • High Value: 917,246
  • Low Value: 646,926

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,400
  • Assessed Land Value: $272,000
  • Assessed Improvements Value: $341,400

    Sales

  • Current Sale Recording Date: Dec 31, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1.23E+8
  • Previous Sale Recording Date: Jun 28, 2002
  • Previous Sale Amount: $335,000
  • 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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71763824

Frequently Asked Questions

When was property at 145 Ft Avenue built and last sold?
The property at 145 Ft Avenue was built in 1900 and last sold on Jan 1, 1970 for $392,000.
How much is this home worth?
The estimated value of the home located at 145 Ft Avenue is $414,023.
What are some comparable homes to 145 Ft Avenue?
There are currently no comparable homes to 145 Ft Avenue.
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