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Salem 01970 Salem Neck
18 Thorndike St
$675,000
● House - Off Market

18 Thorndike St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,280 Ft²
$679,147
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

All the benefits of a new build without the wait!  This 5 Year young beauty is ready for its next owners.  Kitchen complete with quartz countertops and stainless steel appliances. Eat-in dining area boasts a large sliding glass door which leads to the back deck and fenced in yard. Beautiful professional landscaping featuring a patio, play area, and large shed.  A large primary bedroom suite and two other ample bedrooms and a full bath round out the second floor.  Gleaming hardwood floors throughout the home. First floor laundry.  Large finished basement creating additional living space.  Located on the bridge street neck with water views from two of the upstairs bedrooms.  Just minutes away from the train, restaurants, beaches, and parks.  Offers due tomorrow 6/27 at 6pm
Unit Size
2,280 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$285
Property Type
House
Property Taxes
$656
HOA Dues
-
Year Built
2016

Payment Calculator

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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 #73000827)

Price History

Date / Event Date Event Price
Aug 22, 2022 Sold
Premium
Sold
Jun 21, 2022 Listed by Chinatti Realty Group, Inc. $650,000
Listed by Chinatti Realty Group, Inc.
Aug 4, 2017 Sold
Premium
Sold
May 18, 2017 Listed by Chinatti Realty Group, Inc. $449,000
Listed by Chinatti Realty Group, Inc.
Aug 12, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,136
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,548
  • Total Building Area: 3,258
  • Gross Building Area: 3,816
  • Building Area: 3,258
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,258
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000219
  • 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:37 L:0038
  • Lot: 38
  • Municipality: SALEM
  • Latitude: 42.5352
  • Longitude: -70.888

    Address

  • Full Address: 18 Thorndike St
  • Address - House Number: 18
  • Address - Street Name: Thorndike
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2628
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $818,900

    Appraisal Valuation

  • Standard Deviation: 0.159
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 773,425
  • High Value: 897,014
  • Low Value: 649,835

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $704,700
  • Assessed Land Value: $180,400
  • Assessed Improvements Value: $524,300

    Sales

  • Current Sale Contract Date: Aug 22, 2022
  • Current Sale Recording Date: Aug 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 189
  • Previous Sale Recording Date: Aug 04, 2017
  • Previous Sale Amount: $435,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$594,450

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1651 ft²

Average Home Age

162.5 years

Currently For Sale

13 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# 73000827

Frequently Asked Questions

When was property at 18 Thorndike Street built and last sold?
The property at 18 Thorndike Street was built in 2016 and last sold on Aug 22, 2022 for $675,000.
How much is this home worth?
The estimated value of the home located at 18 Thorndike Street is $675,401.
What are some comparable homes to 18 Thorndike Street?
There are currently no comparable homes to 18 Thorndike Street.
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