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Salem 01970 South Salem
2 Alba Ave
Photo of 2 Alba Ave

1

Map

$357,900
● House - Off Market

2 Alba Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,060 Ft²
$2,140
Est. Monthly

About This Property

Renovated with a true designers taste and no details missed, this spacious home offers all you could want both inside and out. Located on a cul-de-sac, with a versatile layout and large rooms this house is the perfect for everyone.  Central air conditioning, wood fireplace, designer bathroom, multi-leveled living,  hard wood flooring...the list goes on and on. Walk out to your in-ground pool, large yard, and deck through either the kitchen or family room.  Come see it now and move in by summer!
Unit Size
2,060 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$174
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1972

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 months ago (MLSPIN #71239010)

Price History

Date / Event Date Event Price
Apr 17, 2015 Sold
Premium
Sold
Feb 4, 2015 Listed by MerryFox Realty $389,900
Listed by MerryFox Realty
May 26, 2011 Listed by MerryFox Realty $357,900
Listed by MerryFox Realty
Jul 30, 2001 Sold
Premium
Sold
Mar 30, 2001 Listed by MerryFox Realty $319,000
Listed by MerryFox Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 3
  • Basement Area: 480
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 9,492
  • Total Building Area: 2,060
  • Gross Building Area: 2,428
  • Building Area: 2,060
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,060
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:10 L:0185
  • Lot: 185
  • Municipality: SALEM
  • Latitude: 42.5138
  • Longitude: -70.9224

    Address

  • Full Address: 2 Alba Ave
  • Address - House Number: 2
  • Address - Street Name: Alba
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1201
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $715,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 690,501
  • High Value: 810,352
  • Low Value: 570,649

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $615,400
  • Assessed Land Value: $196,900
  • Assessed Improvements Value: $418,500

    Sales

  • Current Sale Recording Date: Apr 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 41700150
  • Previous Sale Recording Date: Jul 30, 2001
  • Previous Sale Amount: $315,000
  • 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 South Salem

Stats & Trends

Median Asking:

$618,750

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2157 ft²

Average Home Age

90.9 years

Currently For Sale

39 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: 2 months ago
Data Source: MLS PIN, MLS# 71239010

Frequently Asked Questions

When was property at 2 Alba Avenue built and last sold?
The property at 2 Alba Avenue was built in 1972 and last sold on Jan 1, 1970 for $389,900.
How much is this home worth?
The estimated value of the home located at 2 Alba Avenue is $411,470.
What are some comparable homes to 2 Alba Avenue?
There are currently no comparable homes to 2 Alba Avenue.
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