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Salem 01970 North Salem
15 Fairmount St
$342,500
● House - Off Market

15 Fairmount St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,584 Ft²
$670,701
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

North Salem beauty on market for the 1st time in over 70 years. Owned by a master craftsman who's labor and love for home is shown everywhere. Mahogany inlaid floors, built-in cabinets with fine detail throughout. All the rooms are spacious with hardwood floors and parquet floor in the kitchen. This wonderful home comes with a detached garage with screened summer room, solar room and a potting /greenhouse. This is a great opportunity to own in an excellent neighborhood.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$221
Property Type
House
Property Taxes
$378
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: 5 months ago (MLSPIN #71501321)

Price History

Date / Event Date Event Price
Jun 14, 2013 Sold
Premium
Sold
Apr 1, 2013 Listed by Armstrong Field Real Estate $349,900
Listed by Armstrong Field Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,014
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Total Building Area: 1,584
  • Gross Building Area: 3,698
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:27 L:0134
  • Lot: 134
  • Municipality: SALEM
  • Latitude: 42.5315
  • Longitude: -70.9067

    Address

  • Full Address: 15 Fairmount St
  • Address - House Number: 15
  • Address - Street Name: Fairmount
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C016
  • 4-Digit Zip Code: 1607
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $612,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 611,141
  • High Value: 707,673
  • Low Value: 514,608

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,700
  • Assessed Land Value: $197,400
  • Assessed Improvements Value: $329,300

    Sales

  • Current Sale Recording Date: Jun 14, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$422

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1635 ft²

Average Home Age

102.9 years

Currently For Sale

29 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# 71501321

Frequently Asked Questions

When was property at 15 Fairmount Street built and last sold?
The property at 15 Fairmount Street was built in 1900 and last sold on Jan 1, 1970 for $342,500.
How much is this home worth?
The estimated value of the home located at 15 Fairmount Street is $367,309.
What are some comparable homes to 15 Fairmount Street?
There are currently no comparable homes to 15 Fairmount Street.
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