For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Salem 01970 North Salem
2 Dearborn Lane
$457,500
● House - Off Market

2 Dearborn Lane

Salem, MA 01970
bedrooms
2 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,040 Ft²
$1,360,100
RealtyHop Estimate
172.07%
Since Jan 1, 2001
MA-Boston
Primary Model

About This Property

WATERFRONT! BEACH RIGHTS, FLOAT AND MOORING CAPABILITY   & POOL-ALL ON OVERSIZED LOT. CONTEMPORARY IN SERENE SETTING ON CUL-DE-SAC MINUTES TO MAJOR ROUTES. OPEN FLOOR PLAN.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$245
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1977

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 years ago (MLSPIN #30424297)

Price History

Date / Event Date Event Price
Jan 12, 2021 Sold
Premium
Sold
Nov 4, 2020 Listed $939,900
Listed
Dec 7, 2000 Sold
Premium
Sold
Jun 27, 2000 Listed $499,900
Listed

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,231
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 22,843
  • Total Building Area: 2,474
  • Gross Building Area: 4,064
  • Building Area: 2,474
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,474
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WELLINGTON PARK
  • Land Acres: 0000000524
  • 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:36 L:0500
  • Lot: 500
  • Municipality: SALEM
  • Latitude: 42.5326
  • Longitude: -70.8956

    Address

  • Full Address: 2 Dearborn Ln
  • Address - House Number: 2
  • Address - Street Name: Dearborn
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2416
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,179,300

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,117,904
  • High Value: 1,295,258
  • Low Value: 940,549

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,014,900
  • Assessed Land Value: $369,000
  • Assessed Improvements Value: $645,900

    Sales

  • Current Sale Contract Date: Jan 11, 2021
  • Current Sale Recording Date: Jan 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210112002360
  • Previous Sale Recording Date: Dec 07, 2000
  • Previous Sale Amount: $457,500
  • 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 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 years ago
Data Source: MLS PIN, MLS# 30424297

Frequently Asked Questions

When was property at 2 Dearborn Lane built and last sold?
The property at 2 Dearborn Lane was built in 1977 and last sold on Jan 11, 2021 for $920,000.
How much is this home worth?
The estimated value of the home located at 2 Dearborn Lane is $0.
What are some comparable homes to 2 Dearborn Lane?
There are currently no comparable homes to 2 Dearborn Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Salem Homes for Sale
Salem Houses for Sale
Salem Condos for Sale
Salem Townhouses for Sale
Salem Multifamily for Sale
Salem Land for Sale
Salem Commercial for Sale
Salem Homes with Basements
Nearby Cities
Lynn Homes for Sale
Medford Homes for Sale
Arlington Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Glendale Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Peabody Town Center Real Estate
Glenwood Real Estate
Nearby Counties
Lynn Homes for Sale
Medford Homes for Sale
Arlington Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Top Real Estate Agents
Top Agents in North Salem
Top Agents in Salem
Top Agents in Lynn
Top Agents in Lynn
Top Agents in 01970
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford