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Salem 01970 South Salem
15 Cliff St
Photo of 15 Cliff St
Sold on Nov 8, 2009

1

Map

$295,000
● House - Off Market

15 Cliff St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$624,353
RealtyHop Estimate
108.19%
Since Dec 1, 2009
MA-Boston
Primary Model

About This Property

HUGE PRICE REDUCTION!!!OPEN HOUSE SUNDAY SEPTEMBER 27 from  NOON TO 2:00 PM EXCELLENT SOUTH SALEM LOCATION ONE BLOCK FROM FOREST RIVER PARK UPDATED KITCHEN WITH GRANITE COUNTERS AND BREAKFAST BAR, SS APPLIANCES, GLEAMING HW FLOORS ON MAIN LEVEL.  MASTER SUITE ON 2ND LEVEL WITH FULL BATH AND LARGE CLOSET.  FAMILY ROOM ON LOWER LEVEL HEATED BY GAS STOVE. TIERED YARD WITH ROCK WALLS AND PLANTINGS, ONE CAR GARAGE UNDER.  GREAT FOR EXTENDED FAMILY.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$222
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1960

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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: 5 months ago (MLSPIN #70976061)

Price History

Date / Event Date Event Price
Mar 15, 2021 Sold
Premium
Sold
Dec 14, 2020 Listed $399,000
Listed
Nov 9, 2009 Sold
Premium
Sold
Sep 16, 2009 Listed $299,900
Listed
Nov 18, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 900
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,919
  • Total Building Area: 1,980
  • Gross Building Area: 2,892
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:33 L:0697
  • Lot: 697
  • Municipality: SALEM
  • Latitude: 42.5079
  • Longitude: -70.8888

    Address

  • Full Address: 15 Cliff St
  • Address - House Number: 15
  • Address - Street Name: Cliff
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C041
  • 4-Digit Zip Code: 5445
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $602,000

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 637,615
  • High Value: 751,472
  • Low Value: 523,758

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $518,100
  • Assessed Land Value: $188,800
  • Assessed Improvements Value: $329,300

    Sales

  • Current Sale Contract Date: Mar 15, 2021
  • Current Sale Recording Date: Mar 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210315006630
  • Previous Sale Recording Date: Nov 09, 2009
  • Previous Sale Amount: $295,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2169 ft²

Average Home Age

85.1 years

Currently For Sale

34 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: 5 months ago
Data Source: MLS PIN, MLS# 70976061

Frequently Asked Questions

When was property at 15 Cliff Street built and last sold?
The property at 15 Cliff Street was built in 1960 and last sold on Mar 15, 2021 for $451,000.
How much is this home worth?
The estimated value of the home located at 15 Cliff Street is $426,207.
What are some comparable homes to 15 Cliff Street?
There are currently no comparable homes to 15 Cliff Street.
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