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Salem 01970 Salem Neck
16 Conners Rd
$250,000
● House - Off Market

16 Conners Rd

Salem, MA 01960
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,668 Ft²
$557,953
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Waterviews!  Two story home overlooking Collins Cove has 3 bedrooms, 2 baths, great sun deck off MBR overlooking the park and water. Recently painted, fenced yard and off street parking. Purchase for as little as 3% down!  Approved for HomePath Mortgage and Renovation Mortgage.  Agents must accompany buyers on all showings.
Unit Size
1,668 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$153
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1949

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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 years ago (MLSPIN #71293182)

Price History

Date / Event Date Event Price
Oct 13, 2020 Sold
Premium
Sold
Aug 13, 2020 Listed by Keller Williams Realty $569,000
Listed by Keller Williams Realty
Jan 27, 2012 Sold
Premium
Sold
Sep 27, 2011 Listed by Keller Williams Realty $254,900
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,025
  • Total Building Area: 1,668
  • Gross Building Area: 2,752
  • Building Area: 1,668
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,668
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CITY SALEM
  • Land Acres: 0000000092
  • 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: 204500

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:36 L:0324
  • Lot: 324
  • Municipality: SALEM
  • Latitude: 42.5301
  • Longitude: -70.887

    Address

  • Full Address: 16 Conners Rd
  • Address - House Number: 16
  • Address - Street Name: Conners
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 4109
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $650,700

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 674,692
  • High Value: 791,292
  • Low Value: 558,092

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $560,000
  • Assessed Land Value: $197,600
  • Assessed Improvements Value: $362,400

    Sales

  • Current Sale Contract Date: Oct 13, 2020
  • Current Sale Recording Date: Oct 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201013006620
  • Previous Sale Recording Date: Jan 27, 2012
  • Previous Sale Amount: $250,000
  • Previous 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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

165.5 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

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 years ago
Data Source: MLS PIN, MLS# 71293182

Frequently Asked Questions

When was property at 16 Connors Road built and last sold?
The property at 16 Connors Road was built in 1949 and last sold on Oct 13, 2020 for $585,000.
How much is this home worth?
The estimated value of the home located at 16 Connors Road is $0.
What are some comparable homes to 16 Connors Road?
There are currently no comparable homes to 16 Connors Road.
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