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Salem 01970 South Salem
16 Crescent Dr
$592,000
● House - Off Market

16 Crescent Dr

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,580 Ft²
$773,398
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

In the heart of WitchCraft Heights, this well cared for home on a quiet cut-de-dac is ready for a new family. Meticulously maintained, with many updates including new roof, new liner for the beautiful built in heated pool, irrigation system, updated kitchen and baths, recently painted, and so much more. Open house Sat & Sun 1 to 2:30, with offers due by Tuesday @ 5PM.
Unit Size
1,580 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$380
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1967

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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 years ago (MLSPIN #72715953)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Aug 26, 2020 Listed by Coldwell Banker Realty - Manchester $599,900
Listed by Coldwell Banker Realty - Manchester
Jun 30, 1993 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 3
  • Basement Area: 1,488
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,135
  • Total Building Area: 2,060
  • Gross Building Area: 2,644
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANCTUARY CONDO
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: SALEM SD
  • Census Tract: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0500
  • Lot: 500
  • Municipality: SALEM
  • Latitude: 42.5176
  • Longitude: -70.9163

    Address

  • Full Address: 16 Crescent Dr
  • Address - House Number: 16
  • Address - Street Name: Crescent
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1237
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $772,800

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 695,082
  • High Value: 815,206
  • Low Value: 574,958

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $665,100
  • Assessed Land Value: $211,700
  • Assessed Improvements Value: $453,400

    Sales

  • Current Sale Contract Date: Oct 24, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201029003020
  • Previous Sale Recording Date: Jun 30, 1993
  • Previous Sale Amount: $110,000
  • 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

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: 5 years ago
Data Source: MLS PIN, MLS# 72715953

Frequently Asked Questions

When was property at 16 Crescent Drive built and last sold?
The property at 16 Crescent Drive was built in 1967 and last sold on Oct 24, 2020 for $592,000.
How much is this home worth?
The estimated value of the home located at 16 Crescent Drive is $0.
What are some comparable homes to 16 Crescent Drive?
There are currently no comparable homes to 16 Crescent Drive.
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