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Salem 01970 North Salem
2 Beachmont Rd
Photo of 2 Beachmont Rd
Sold on Jul 14, 2008

1

Map

$230,000
● House - Off Market

2 Beachmont Rd

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,123 Ft²
$482,005
RealtyHop Estimate
96.74%
Since Aug 1, 2008
MA-Boston
Primary Model

About This Property

LOOK AT THIS PRICE!!Wonderful place to call home. Needs your touch for updating to complete this picture; hardwood floors,original woodwork, attic with high ceilings ready for expansion, nice level yard, quiet side street. Come and see this house,now that you have looked at the others. It's time to become a homeowner in this BUYERS' MARKET!!!
Unit Size
1,123 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$218
Property Type
House
Property Taxes
$280
HOA Dues
-
Year Built
1940

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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 #70705619)

Price History

Date / Event Date Event Price
Jul 14, 2008 Sold
Premium
Sold
Jan 30, 2008 Listed $245,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,305
  • Gross Building Area: 3,757
  • Building Area: 1,305
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,305
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN PARK TA APPLETON CE
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0549
  • Lot: 549
  • Municipality: SALEM
  • Latitude: 42.5318
  • Longitude: -70.8982

    Address

  • Full Address: 2 Beachmont Rd
  • Address - House Number: 2
  • Address - Street Name: Beachmont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2411
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,700

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 541,650
  • High Value: 645,046
  • Low Value: 438,254

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,700
  • Assessed Land Value: $201,000
  • Assessed Improvements Value: $249,700

    Sales

  • Current Sale Recording Date: Nov 19, 2012
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jul 14, 2008
  • Previous Sale Amount: $230,000
  • 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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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# 70705619

Frequently Asked Questions

When was property at 2 Beachmont Road built and last sold?
The property at 2 Beachmont Road was built in 1940 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Beachmont Road is $256,434.
What are some comparable homes to 2 Beachmont Road?
There are currently no comparable homes to 2 Beachmont Road.
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