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Salem 01970 South Salem
2 Barnes Ave
$600,000
● House - Off Market

2 Barnes Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,187 Ft²
$587,560
RealtyHop Estimate
6.85%
Since Mar 1, 2022
MA-Boston
Primary Model

About This Property

Spacious 3 bedroom, 2 bath Cape located on quiet cul-de-sac. Open concept kitchen, with granite countertops and stainless steel appliances and lovely dining room, generous living room with wood fireplace and plenty of room for entertaining. 3/4 bath completes this floor.  2 large and one small bedroom and a full bath are upstairs. Lower level has huge finished room, separate laundry room and fantastic workshop. 1 car Garage. The back of the house features a deck and fenced in back yard! The house is 100% solar, (Power Purchase Agreement).  COVID PROTOCOLS IN PLACE.
Unit Size
2,187 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$251
Property Type
House
Property Taxes
$451
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 #72931767)

Price History

Date / Event Date Event Price
Feb 28, 2022 Sold
Premium
Sold
Jan 6, 2022 Listed by MerryFox Realty $549,900
Listed by MerryFox Realty
Aug 21, 2018 Sold
Premium
Sold
Jun 26, 2018 Listed by MerryFox Realty $409,900
Listed by MerryFox Realty
Nov 25, 1985 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 936
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,638
  • Gross Building Area: 2,950
  • Building Area: 1,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,638
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:07 L:0015
  • Lot: 15
  • Municipality: SALEM
  • Latitude: 42.4959
  • Longitude: -70.9299

    Address

  • Full Address: 2 Barnes Ave
  • Address - House Number: 2
  • Address - Street Name: Barnes
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1706
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $605,400

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 613,285
  • High Value: 710,156
  • Low Value: 516,414

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $521,000
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $344,000

    Sales

  • Current Sale Contract Date: Feb 28, 2022
  • Current Sale Recording Date: Feb 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 634207
  • Previous Sale Recording Date: Aug 21, 2018
  • Previous Sale Amount: $409,900
  • 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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2257 ft²

Average Home Age

86.4 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

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: 4 months ago
Data Source: MLS PIN, MLS# 72931767

Frequently Asked Questions

When was property at 2 Barnes Avenue built and last sold?
The property at 2 Barnes Avenue was built in 1961 and last sold on Feb 28, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 2 Barnes Avenue is $569,148.
What are some comparable homes to 2 Barnes Avenue?
There are currently no comparable homes to 2 Barnes Avenue.
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