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Salem 01970 Salem Neck
18 Burnside St
$172,900
● House - Off Market

18 Burnside St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,464 Ft²
$364,938
RealtyHop Estimate
107.35%
Since Jun 1, 2012
MA-Boston
Primary Model

About This Property

Lots of potential  Good layout, fenced lot, dead end street. Seller's 1st Look for Owner Occupants and NSP buyers through 2/17/12. Easy access to town, shopping, schools and commuter rail. This property is approved for Homepath Renvoation Mortgage, Purchase for as little as 3% down.  Seller has directed that all offers on this listing be made using their Online Offer System,  Download the Attached Instructions for Submitting Your Offer with HomePath Online Offers.
Unit Size
1,464 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$120
Property Type
House
Property Taxes
$292
HOA Dues
-
Year Built
1890

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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 #71333720)

Price History

Date / Event Date Event Price
May 10, 2012 Sold
Premium
Sold
Mar 19, 2012 Sold
Premium
Sold
Feb 1, 2012 Listed by Tache Real Estate, Inc. $176,000
Listed by Tache Real Estate, Inc.
Nov 23, 2004 Sold
Premium
Sold
Jul 16, 2004 Listed by Tache Real Estate, Inc. $299,000
Listed by Tache Real Estate, Inc.
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • 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: 16
  • 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: 732
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,648
  • Total Building Area: 1,464
  • Gross Building Area: 2,401
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000061
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0162
  • Lot: 162
  • Municipality: SALEM
  • Latitude: 42.5324
  • Longitude: -70.8903

    Address

  • Full Address: 18 Burnside St
  • Address - House Number: 18
  • Address - Street Name: Burnside
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2612
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $553,000

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 588,421
  • High Value: 728,374
  • Low Value: 448,468

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $475,900
  • Assessed Land Value: $152,500
  • Assessed Improvements Value: $323,400

    Sales

  • Current Sale Recording Date: Mar 19, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 34
  • Previous Sale Recording Date: Nov 23, 2004
  • Previous Sale Amount: $293,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1694 ft²

Average Home Age

169.9 years

Currently For Sale

14 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# 71333720

Frequently Asked Questions

When was property at 18 Burnside Street built and last sold?
The property at 18 Burnside Street was built in 1890 and last sold on Jan 1, 1970 for $256,857.
How much is this home worth?
The estimated value of the home located at 18 Burnside Street is $213,270.
What are some comparable homes to 18 Burnside Street?
There are currently no comparable homes to 18 Burnside Street.
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