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Salem 01970 South Salem
16 Scenic
$322,000
● House - Off Market

16 Scenic

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,554 Ft²
$563,158
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Witchcraft Heights Colonial.  This beautiful home has been renovated in the last 2 years. New Kitchen Cabinets, new hardwood floors on first level, new double pain windows.  New stove, dishwasher, and microwave. First floor has a wonderful open floor plan. Wood stove heats the first floor, nice and toasty. Washer dryer hook up.  Second floor includes a spacious master bedroom with ample closet space, new carpet, and deck overlooking back yard.   Bathroom and 2 other bedrooms finish off the second floor nicely.  Come see this beautiful home and neighborhood.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$206
Property Type
House
Property Taxes
$369
HOA Dues
-
Year Built
1979

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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 months ago (MLSPIN #71800823)

Price History

Date / Event Date Event Price
May 21, 2015 Sold
Premium
Sold
Mar 13, 2015 Listed by Keller Williams Realty Evolution $319,900
Listed by Keller Williams Realty Evolution
Dec 13, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,275
  • Total Building Area: 1,554
  • Gross Building Area: 2,065
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:09 L:0043
  • Lot: 43
  • Municipality: SALEM
  • Latitude: 42.5099
  • Longitude: -70.927

    Address

  • Full Address: 16 Scenic Ave
  • Address - House Number: 16
  • Address - Street Name: Scenic
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1018
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $532,800

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 613,405
  • High Value: 761,262
  • Low Value: 465,549

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,500
  • Assessed Land Value: $178,200
  • Assessed Improvements Value: $280,300

    Sales

  • Current Sale Recording Date: May 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 52100433
  • Previous Sale Recording Date: Dec 13, 2012
  • Previous Sale Amount: $248,000
  • Previous Sale Document Type: O
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:

$618,750

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2122 ft²

Average Home Age

86.3 years

Currently For Sale

34 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 months ago
Data Source: MLS PIN, MLS# 71800823

Frequently Asked Questions

When was property at 16 Scenic Terrace built and last sold?
The property at 16 Scenic Terrace was built in 1979 and last sold on Jan 1, 1970 for $322,000.
How much is this home worth?
The estimated value of the home located at 16 Scenic Terrace is $337,842.
What are some comparable homes to 16 Scenic Terrace?
There are currently no comparable homes to 16 Scenic Terrace.
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