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Salem 01970 South Salem
17 Sumner Road
$285,000
● House - Off Market

17 Sumner Road

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,295 Ft²
$523,944
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

...........GROUP SHOWING SATURDAY JUNE 14tH 10:30 TO 11:30PM............. SOUTH SALEM - Meticulously Maintained Classic Cape Style Home with 5 rooms, 2 bedrooms, 1 bathroom. Interior recently painted with designer colors. Gorgeous Hard Wood Floors throughout. Three season Porch off Kitchen extends living area. Fireplace in Living Room is ornamental. Spacious, Private Level Fenced Yard with Charming Patio and Delightful  Plants, Flowers and Trees. An Incredible Home!
Unit Size
1,295 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$223
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1951

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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 #71685030)

Price History

Date / Event Date Event Price
Jul 25, 2014 Sold
Premium
Sold
May 21, 2014 Listed by Don Baker Real Estate $289,000
Listed by Don Baker Real Estate
Jun 28, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,295
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,811
  • Total Building Area: 1,295
  • Gross Building Area: 2,674
  • Building Area: 1,295
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,295
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: SALEM SD
  • Census Tract: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:22 L:0100
  • Lot: 100
  • Municipality: SALEM
  • Latitude: 42.4992
  • Longitude: -70.8972

    Address

  • Full Address: 17 Sumner Rd
  • Address - House Number: 17
  • Address - Street Name: Sumner
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C099
  • 4-Digit Zip Code: 4468
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $625,700

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 620,954
  • High Value: 735,451
  • Low Value: 506,458

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $538,500
  • Assessed Land Value: $205,100
  • Assessed Improvements Value: $333,400

    Sales

  • Current Sale Recording Date: Jul 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 72500279
  • Previous Sale Recording Date: Jun 28, 1991
  • Previous Sale Amount: $150,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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# 71685030

Frequently Asked Questions

When was property at 17 Sumner Road built and last sold?
The property at 17 Sumner Road was built in 1951 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 17 Sumner Road is $301,335.
What are some comparable homes to 17 Sumner Road?
There are currently no comparable homes to 17 Sumner Road.
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