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Salem 01970 South Salem
15 Robinson Rd
$1,100,000
● Land - Off Market

15 Robinson Rd

Salem, MA 01970
bedrooms
Studio
bathrooms
0 Bath
$2,084,961
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

Unique opportunity a rare fine. Over 9 acres of sought after commercial land ready to be developed. Need garage space build a dozen need storage build a few buildings . High traffic count, commercial, industrial.  Was formally an auto parts business and scrap salvage yard. PUD approved Also 2 licenses available scrap metal and salvage call for more details. A 3rd class dealers license and a regular scrap dealers license are available call for details.
Unit Size
-
Days on Market
-
Land Size
9.72 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,159
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 #71953158)

Price History

Date / Event Date Event Price
Jul 21, 2016 Sold
Premium
Sold
Jan 28, 2016 Listed by Century 21 North Shore $1,250,000
Listed by Century 21 North Shore
Jun 6, 2005 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 12
  • 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: 837
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 423,403
  • Total Building Area: 1,590
  • Gross Building Area: 2,531
  • Building Area: 1,590
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,590
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: ROBINSON ROAD
  • Land Acres: 0000009720
  • Standard Land Use Code: 2044
  • County Land Use Code: 031

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204701

Zoning

  • Zoning: I

Geography

  • Parcel: SALE M:06 L:0013
  • Lot: 13
  • Municipality: SALEM
  • Latitude: 42.4914
  • Longitude: -70.9234

    Address

  • Full Address: 15 Robinson Rd
  • Address - House Number: 15
  • Address - Street Name: Robinson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C034
  • 4-Digit Zip Code: 1723
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $0

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,196,300
  • Assessed Land Value: $959,800
  • Assessed Improvements Value: $236,500

    Sales

  • Current Sale Recording Date: Jul 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 282
  • Previous Sale Recording Date: Jun 06, 2005
  • Previous Sale Amount: $37,000
  • Previous Sale Document Type: 48
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71953158

Frequently Asked Questions

When was property at 15 Robinson Road built and last sold?
The property at 15 Robinson Road was built in 1900 and last sold on Jan 1, 1970 for $726,000.
How much is this home worth?
The estimated value of the home located at 15 Robinson Road is $1,262,500.
What are some comparable homes to 15 Robinson Road?
There are currently no comparable homes to 15 Robinson Road.
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