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Salem 01970 Salem Neck
16 Herbert St
$710,000
● House - Off Market

16 Herbert St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,434 Ft²
$3,803
Est. Monthly

About This Property

Welcome to this stunning colonial-style home located in the heart of Salem! This meticulously maintained property, built circa 1850, boasts three plus bedrooms and one and one-half bathrooms, a flexible floor plan, and a spacious backyard. Living here, you'll be thrilled to be close to Salem Common, Pickering Wharf, and the vibrant downtown area, home to numerous shops and restaurants. The house is equipped with Harvey replacement windows, newer vinyl siding, hardwood floors, a fireplace, and a stainless steel applianced kitchen. With ample space to spare, you can transform one of the extra rooms into a guest room, playroom, or home office. An added bonus: the property has a connection to Salem's famous author Nathaniel Hawthorne. Don't miss out on this chance to own a piece of Salem's rich and storied history!
Unit Size
1,434 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$471
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1850

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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 #73197561)

Price History

Date / Event Date Event Price
Mar 15, 2024 Sold
Premium
Sold
Feb 6, 2024 In contract -
In contract
Jan 30, 2024 Listed by The Proper Nest Real Estate $674,900
Listed by The Proper Nest Real Estate
Sep 29, 2006 Sold
Premium
Sold
Jun 15, 2006 Listed by The Proper Nest Real Estate $349,000
Listed by The Proper Nest Real Estate
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 797
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,158
  • Total Building Area: 1,240
  • Gross Building Area: 2,530
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000072
  • 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: 204300

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:35 L:0294
  • Lot: 294
  • Municipality: SALEM
  • Latitude: 42.5216
  • Longitude: -70.889

    Address

  • Full Address: 16 Herbert St
  • Address - House Number: 16
  • Address - Street Name: Herbert
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C003
  • 4-Digit Zip Code: 5104
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $587,500

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 705,270
  • High Value: 761,474
  • Low Value: 649,066

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $505,600
  • Assessed Land Value: $186,000
  • Assessed Improvements Value: $319,600

    Sales

  • Current Sale Contract Date: Mar 07, 2024
  • Current Sale Recording Date: Mar 15, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 20240315001770
  • Previous Sale Recording Date: Sep 29, 2006
  • Previous Sale Amount: $345,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$448

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1349 ft²

Average Home Age

150.9 years

Currently For Sale

14 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# 73197561

Frequently Asked Questions

When was property at 16 Herbert Street built and last sold?
The property at 16 Herbert Street was built in 1850 and last sold on Mar 7, 2024 for $710,000.
How much is this home worth?
The estimated value of the home located at 16 Herbert Street is $679,968.
What are some comparable homes to 16 Herbert Street?
There are currently no comparable homes to 16 Herbert Street.
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