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Salem 01970 North Salem
16 Cushing St
$549,900
● House - Off Market

16 Cushing St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,709 Ft²
$514,468
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to 16 Cushing Street. This charming colonial features 3 bedrooms, 1 bathroom, an office space, open living area, and a ton of original charm.  Off the kitchen is a good sized porch overlooking the large yard and in-ground swimming pool. The location cannot be beat!  Enjoy the benefit of a quiet side street, yet with all the convenience of being located near downtown Salem, the Salem Commuter Rail, the North Shore Mall, and all major highways.  Don't miss out!
Unit Size
1,709 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$304
Property Type
House
Property Taxes
$494
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 #73110038)

Price History

Date / Event Date Event Price
Sep 21, 2023 Sold
Premium
Sold
Aug 12, 2023 In contract -
In contract
Aug 9, 2023 Relisted $519,900
Relisted
May 26, 2023 Delisted -
Delisted
May 17, 2023 In contract -
In contract
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 897
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 4,639
  • Total Building Area: 1,709
  • Gross Building Area: 2,850
  • Building Area: 1,709
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,709
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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:17 L:0168
  • Lot: 168
  • Municipality: SALEM
  • Latitude: 42.5308
  • Longitude: -70.9116

    Address

  • Full Address: 16 Cushing St
  • Address - House Number: 16
  • Address - Street Name: Cushing
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C016
  • 4-Digit Zip Code: 1549
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 632,344
  • High Value: 732,225
  • Low Value: 532,462

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,700
  • Assessed Land Value: $193,200
  • Assessed Improvements Value: $335,500

    Sales

  • Current Sale Contract Date: Sep 21, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230921001870
  • Previous Sale Recording Date: Apr 07, 2017
  • Previous Sale Amount: $352,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

0.01%

Average Days on Market

50

Average Home Size

1635 ft²

Average Home Age

98.2 years

Currently For Sale

20 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# 73110038

Frequently Asked Questions

When was property at 16 Cushing Street built and last sold?
The property at 16 Cushing Street was built in 1900 and last sold on Sep 21, 2023 for $549,900.
How much is this home worth?
The estimated value of the home located at 16 Cushing Street is $528,830.
What are some comparable homes to 16 Cushing Street?
There are currently no comparable homes to 16 Cushing Street.
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