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Salem 01970 South Salem
15 Parallel Street
$116,000
● House - Off Market

15 Parallel Street

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
792 Ft²
$293,712
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

Ready to go, ranch-style home with spacious deck off kitchen. Property abuts Rosie's Pond and offers easy access to shopping, schools and area amenities. Needs cosmetic. Eat-in kitchen with adjacent laundry room and full bath.  Master bedroom boasts a spacious walk-in closet.  Off-sreet parking with potential for additional off-street spaces. Home needs some love & attention. Property sold as/is condition. Appliances left as gifts with no warranty /representation.  This is a Short Sale.
Unit Size
792 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$182
Property Type
House
Property Taxes
$253
HOA Dues
-
Year Built
1950

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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 #71306104)

Price History

Date / Event Date Event Price
Jun 28, 2012 Sold
Premium
Sold
Oct 29, 2011 Listed by RE/MAX Advantage Real Estate $144,200
Listed by RE/MAX Advantage Real Estate
Dec 1, 2006 Sold
Premium
Sold
Oct 30, 2006 Sold
Premium
Sold
Jan 26, 2006 Listed by RE/MAX Advantage Real Estate $249,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 4,761
  • Total Building Area: 792
  • Gross Building Area: 2,088
  • Building Area: 792
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALMY & CLARK LAND
  • Land Acres: 0000000109
  • 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: 204102

Zoning

  • Zoning: B

Geography

  • Parcel: SALE M:23 L:0142
  • Lot: 142
  • Municipality: SALEM
  • Latitude: 42.5035
  • Longitude: -70.8998

    Address

  • Full Address: 15 Parallel St
  • Address - House Number: 15
  • Address - Street Name: Parallel
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 2946
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $474,400

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 431,079
  • High Value: 508,880
  • Low Value: 353,278

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $408,300
  • Assessed Land Value: $184,100
  • Assessed Improvements Value: $224,200

    Sales

  • Current Sale Recording Date: Jun 28, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Dec 01, 2006
  • Previous Sale Amount: $205,000
  • 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

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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# 71306104

Frequently Asked Questions

When was property at 15 Parallel Street built and last sold?
The property at 15 Parallel Street was built in 1950 and last sold on Jan 1, 1970 for $116,000.
How much is this home worth?
The estimated value of the home located at 15 Parallel Street is $154,655.
What are some comparable homes to 15 Parallel Street?
There are currently no comparable homes to 15 Parallel Street.
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