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Salem 01970 South Salem
18 Barnes Cir
$500,000
● House - Off Market

18 Barnes Cir

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,515 Ft²
$522,803
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Lovely 3 bedroom, 1.5 bath Ranch on a quiet street in Salem. This home features an updated kitchen and bathroom, hardwood floors, fireplace, and great backyard space with a shed. Large attached garage and a finished basement with a walk out to the backyard including a large three season sun room gives this home plenty of storage. This home is a diamond in the rough. Tons of shopping within a 5 minute drive. Easy to show!
Unit Size
1,515 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$304
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1962

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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 years ago (MLSPIN #72867097)

Price History

Date / Event Date Event Price
Sep 1, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by Nina-Soto Realty, LLC $459,900
Listed by Nina-Soto Realty, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,045
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,068
  • Total Building Area: 1,881
  • Gross Building Area: 2,713
  • Building Area: 1,881
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,881
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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:03 L:0090
  • Lot: 90
  • Municipality: SALEM
  • Latitude: 42.4956
  • Longitude: -70.9315

    Address

  • Full Address: 18 Barnes Cir
  • Address - House Number: 18
  • Address - Street Name: Barnes
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1708
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $674,900

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 663,228
  • High Value: 785,519
  • Low Value: 540,937

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $580,800
  • Assessed Land Value: $181,700
  • Assessed Improvements Value: $399,100

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Sep 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 628806
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2100 ft²

Average Home Age

90 years

Currently For Sale

41 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 years ago
Data Source: MLS PIN, MLS# 72867097

Frequently Asked Questions

When was property at 18 Barnes Circle built and last sold?
The property at 18 Barnes Circle was built in 1962 and last sold on Aug 31, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 18 Barnes Circle is $474,134.
What are some comparable homes to 18 Barnes Circle?
There are currently no comparable homes to 18 Barnes Circle.
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