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Salem 01970 South Salem
18 Chandler Rd
$495,000
● House - Off Market

18 Chandler Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,331 Ft²
$713,414
RealtyHop Estimate
42.97%
Since Jan 1, 2020
MA-Boston
Primary Model

About This Property

LOCATION, CONDITION AND PRICE CANNOT BE MATCHED!  This beautifully updated 3 bed, 2 bath,  oversized 2 car garage split/ranch is sure to please today's buyer. Rooms are spacious and flooded with natural light.   Gorgeous eat-in kitchen with farmer's sink, stainless steel appliances, quartz counter tops, glass tile back splash and breakfast bar.  Dining room leads out to a covered deck overlooking a tiered backyard w/patio.  Living room has a wood burning fireplace.  Basement level has an additional 400 sq. ft. of living space which is perfect for a family room, gym or home office.   Great South Salem neighborhood. Close to Vinnin Square and the Tedesco Country Club. 1.8 miles to the Swampscott Commuter Rail.  Walking distance to Marblehead YMCA, Whole Foods and Marshalls.
Unit Size
2,331 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$214
Property Type
House
Property Taxes
$444
HOA Dues
-
Year Built
1961

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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 #72590416)

Price History

Date / Event Date Event Price
Dec 16, 2019 Sold
Premium
Sold
Nov 8, 2019 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $499,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jun 27, 2016 Sold
Premium
Sold
May 4, 2016 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $359,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • 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: 862
  • Garage Type: 1
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,937
  • Total Building Area: 2,332
  • Gross Building Area: 3,404
  • Building Area: 2,332
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,332
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000182
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:21 L:0180
  • Lot: 180
  • Municipality: SALEM
  • Latitude: 42.487
  • Longitude: -70.897

    Address

  • Full Address: 18 Chandler Rd
  • Address - House Number: 18
  • Address - Street Name: Chandler
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4204
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $733,600

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 720,009
  • High Value: 834,343
  • Low Value: 605,675

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $631,300
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $441,300

    Sales

  • Current Sale Contract Date: Dec 06, 2019
  • Current Sale Recording Date: Dec 16, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191216006630
  • Previous Sale Recording Date: Jun 27, 2016
  • Previous Sale Amount: $363,000
  • 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:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72590416

Frequently Asked Questions

When was property at 18 Chandler Road built and last sold?
The property at 18 Chandler Road was built in 1961 and last sold on Dec 6, 2019 for $495,000.
How much is this home worth?
The estimated value of the home located at 18 Chandler Road is $519,303.
What are some comparable homes to 18 Chandler Road?
There are currently no comparable homes to 18 Chandler Road.
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