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Salem 01970 South Salem
16 Eden St
$462,000
● House - Off Market

16 Eden St

Salem, MA 01970
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,010 Ft²
$407,488
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Cash only. AS-IS SALE. The property has fire damage, mold, and code violations. The buyer must assume code violations and sign a Hold Harmless agreement for mold, fire damage & code violations. This property has been placed in an upcoming online event. See firm remarks.  All offers received prior to the event period should be submitted by the buyer or buyer s agent. All offers will be reviewed and responded to within 3 business days. All properties are subject to a 5% buyer's premium pursuant to the Auction Participation Agreement and Terms & Conditions minimums will apply. Please contact the listing agent for details and the commission paid on this property.
Unit Size
3,010 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$130
Property Type
House
Property Taxes
$332
HOA Dues
-
Year Built
1920

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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: 6 months ago (MLSPIN #73012735)

Price History

Date / Event Date Event Price
Aug 23, 2022 Sold
Premium
Sold
Jul 14, 2022 Listed by United Brokers $390,000
Listed by United Brokers
Mar 6, 2017 Sold
Premium
Sold
Dec 21, 2004 Sold
Premium
Sold
Sep 13, 2004 Listed by United Brokers $399,900
Listed by United Brokers

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,176
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,128
  • Gross Building Area: 3,819
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:33 L:0598
  • Lot: 598
  • Municipality: SALEM
  • Latitude: 42.5109
  • Longitude: -70.8893

    Address

  • Full Address: 16 Eden St
  • Address - House Number: 16
  • Address - Street Name: Eden
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C041
  • 4-Digit Zip Code: 4707
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $472,500

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 556,202
  • High Value: 658,759
  • Low Value: 453,646

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $406,600
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $211,600

    Sales

  • Current Sale Contract Date: Aug 09, 2022
  • Current Sale Recording Date: Aug 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7
  • Previous Sale Recording Date: Mar 06, 2017
  • Previous Sale Amount: $342,278
  • Previous Sale Document Type: 34
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:

$615,000

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1730 ft²

Average Home Age

90.6 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 73012735

Frequently Asked Questions

When was property at 16 Eden Street built and last sold?
The property at 16 Eden Street was built in 1920 and last sold on Aug 9, 2022 for $462,000.
How much is this home worth?
The estimated value of the home located at 16 Eden Street is $399,883.
What are some comparable homes to 16 Eden Street?
There are currently no comparable homes to 16 Eden Street.
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