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Salem 01970 Salem Neck
2 Bay View Ave
$235,000
● House - Off Market

2 Bay View Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,433 Ft²
$539,530
RealtyHop Estimate
117.55%
Since Apr 1, 2012
MA-Boston
Primary Model

About This Property

Charming Gambrel in the heart of "The Willows" Open floor plan, updated kitchen and bath- 2nd Floor has central sitting area and 3 bedrooms. "Beacon Hill" yard with covered deck
Unit Size
1,433 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$173
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #71297411)

Price History

Date / Event Date Event Price
Mar 23, 2012 Sold
Premium
Sold
Oct 6, 2011 Listed by RE/MAX Advantage Real Estate $248,000
Listed by RE/MAX Advantage Real Estate
Dec 2, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 735
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,191
  • Total Building Area: 1,606
  • Gross Building Area: 2,813
  • Building Area: 1,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,606
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RENE P MORNEAU SR
  • Land Acres: 0000000050
  • 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: 204400

Zoning

  • Zoning: B2

Geography

  • Parcel: SALE M:45 L:0019
  • Lot: 19
  • Municipality: SALEM
  • Latitude: 42.5342
  • Longitude: -70.87

    Address

  • Full Address: 2 Bay View Ave
  • Address - House Number: 2
  • Address - Street Name: Bay View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5704
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $658,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1632
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 645,790
  • High Value: 751,197
  • Low Value: 540,383

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $566,300
  • Assessed Land Value: $228,700
  • Assessed Improvements Value: $337,600

    Sales

  • Current Sale Recording Date: Mar 23, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Dec 02, 1993
  • Previous Sale Amount: $122,500
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1477 ft²

Average Home Age

150.1 years

Currently For Sale

14 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# 71297411

Frequently Asked Questions

When was property at 2 Bay View Avenue built and last sold?
The property at 2 Bay View Avenue was built in 1920 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 2 Bay View Avenue is $273,306.
What are some comparable homes to 2 Bay View Avenue?
There are currently no comparable homes to 2 Bay View Avenue.
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