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Salem 01970 Salem Neck
18 Bayview Ave
$266,000
● House - Off Market

18 Bayview Ave

Danvers, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,047 Ft²
$432,973
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

MULTIPLE OFFER NOTIFICATION . HIGHEST & BEST DUE ON 8/16/16 BY 12PM. SEE ATTACHED REQUIRED FORM.This colonial needs some updating. Located in a nice residential neighborhood just off town. Typical floor plan with good size rooms. Second floor has 2 bedrooms and bathroom. Fenced rear lot and driveway. Enjoy the convenience of easy highway access and shopping malls. This one won't last! The Seller must comply with HUD Guidelines 24 CRF 206.125 and property is sold "as is". Systems will not be open for inspections.
Unit Size
1,047 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$248
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1953

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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: 6 months ago (MLSPIN #72050885)

Price History

Date / Event Date Event Price
Sep 19, 2016 Sold
Premium
Sold
Aug 9, 2016 Listed by Tache Real Estate, Inc. $260,000
Listed by Tache Real Estate, Inc.
Apr 11, 2011 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,337
  • Total Building Area: 1,766
  • Gross Building Area: 3,270
  • Building Area: 1,766
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,766
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HERBERT J LEE
  • Land Acres: 0000000077
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:45 L:0015
  • Lot: 15
  • Municipality: SALEM
  • Latitude: 42.5338
  • Longitude: -70.8693

    Address

  • Full Address: 18 Bay View Ave
  • Address - House Number: 18
  • Address - Street Name: Bay View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5704
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $885,400

    Appraisal Valuation

  • Standard Deviation: 0.1754
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 848,477
  • High Value: 997,315
  • Low Value: 699,639

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $762,000
  • Assessed Land Value: $294,700
  • Assessed Improvements Value: $467,300

    Sales

  • Current Sale Recording Date: Apr 11, 2011
  • 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 Salem Neck

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$444

Below Asking

0.02%

Average Days on Market

59

Average Home Size

1558 ft²

Average Home Age

161.6 years

Currently For Sale

15 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72050885

Frequently Asked Questions

When was property at 18 Bay View Avenue built and last sold?
The property at 18 Bay View Avenue was built in 1953 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 18 Bay View Avenue is $273,441.
What are some comparable homes to 18 Bay View Avenue?
There are currently no comparable homes to 18 Bay View Avenue.
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