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Salem 01970 South Salem
19 Cedarcrest Rd
$650,000
● House - Off Market

19 Cedarcrest Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,115 Ft²
$635,057
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Welcoming and beautifully maintained family home located near Vinnin Square, this Raised Ranch is waiting to be your next forever home. Situated on a quiet side street. The first level features a large family room with a wood burning stove, full bath with walk-in shower, laundry room, mud room and garage access. Main level includes 3 large bedrooms a second full bathroom w/tub, eat-in-kitchen, bright and sunny living room with imported Italian tile. Access to a large deck for those summer barbecues and family gatherings plus a large yard. Great location near university, shopping, public transportation and all that Salem has to offer. Located within 5 minutes to Lynn, Swampscott, and Marblehead.  Come see it today!.
Unit Size
2,115 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$296
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
1988

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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 #72968565)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by Coldwell Banker Realty - Winchester $625,000
Listed by Coldwell Banker Realty - Winchester

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,188
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,438
  • Total Building Area: 1,960
  • Gross Building Area: 2,596
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • 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:0200
  • Lot: 200
  • Municipality: SALEM
  • Latitude: 42.489
  • Longitude: -70.9006

    Address

  • Full Address: 19 Cedarcrest Rd
  • Address - House Number: 19
  • Address - Street Name: Cedarcrest
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4343
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $710,300

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 708,555
  • High Value: 821,070
  • Low Value: 596,039

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $611,300
  • Assessed Land Value: $192,200
  • Assessed Improvements Value: $419,100

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220610004530
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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: 4 months ago
Data Source: MLS PIN, MLS# 72968565

Frequently Asked Questions

When was property at 19 Cedarcrest Road built and last sold?
The property at 19 Cedarcrest Road was built in 1988 and last sold on Jun 10, 2022 for $650,000.
How much is this home worth?
The estimated value of the home located at 19 Cedarcrest Road is $643,902.
What are some comparable homes to 19 Cedarcrest Road?
There are currently no comparable homes to 19 Cedarcrest Road.
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