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Salem 01970 South Salem
16 Laurent Road
Photo of 16 Laurent Road
Sold on Jul 29, 2026

34

Map

Photo of 16 Laurent Road
Photo of 16 Laurent Road
$675,000
● House - Off Market

16 Laurent Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,468 Ft²
$4,110
Est. Monthly

About This Property

Wonderful 3 bedroom 2 full ½ bath colonial in sought after neighborhood in Salem.  This home offers hardwood floors, formal living room with fireplace and picture window, dining room, granite chef's kitchen with stainless steel appliances and kitchen island, laundry room and fabulous sun room that leads to a deck and above ground pool.  The second floor offers 3 bedrooms and 1 full bath.  Lower level finished for an in law suite with bedroom, full bath with laundry, modest kitchen and sitting room.  Incredible back yard with mature plantings, storage shed and generator! Two off street parking spaces.  Enjoy all that historic Salem has to offer, great museums, restaurants, commuter rail and much more!
Unit Size
2,468 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$294
Property Type
House
Property Taxes
$550
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 3 months ago (MLSPIN #73531418)

Price History

Date / Event Date Event Price
Jul 29, 2026 Sold
Premium
Sold
Jun 29, 2026 In contract -
In contract
Jun 19, 2026 Relisted $725,000
Relisted
Jun 15, 2026 In contract -
In contract
Jun 7, 2026 Listed by J. Barrett & Company $725,000
Listed by J. Barrett & Company
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 780
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,835
  • Total Building Area: 1,590
  • Gross Building Area: 2,896
  • Building Area: 1,590
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,590
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CASTLE HILL COURONNEMENT
  • Land Acres: 0000000157
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:24 L:0026
  • Lot: 26
  • Municipality: SALEM
  • Latitude: 42.5068
  • Longitude: -70.9047

    Address

  • Full Address: 16 Laurent Rd
  • Address - House Number: 16
  • Address - Street Name: Laurent
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2840
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $642,800

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 644,764
  • High Value: 753,840
  • Low Value: 535,687

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,200
  • Assessed Land Value: $185,100
  • Assessed Improvements Value: $368,100

    Sales

  • Current Sale Recording Date: Jan 25, 1991
  • Current Sale Price:
    Premium
  • Current 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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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: 3 months ago
Data Source: MLS PIN, MLS# 73531418

Frequently Asked Questions

When was property at 16 Laurent Road built and last sold?
The property at 16 Laurent Road was built in 1960 and last sold on Jan 1, 1970 for $177,000.
How much is this home worth?
The estimated value of the home located at 16 Laurent Road is $744,413.
What are some comparable homes to 16 Laurent Road?
There are currently no comparable homes to 16 Laurent Road.
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