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Salem 01970 South Salem
2 Fairfield Street
$346,000
● House - Off Market

2 Fairfield Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,115 Ft²
$785,819
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Home of distinction - this lovely center entrance colonial located in the Heart of Historic Salem.Convenient to downtown while maintaining suburban character on tree lined street.Gleaming hardwood floors throughout, period detailing in moldings & woodwork, French doors, built-in cabinets, arched entry ways and much more.Four large bedrooms, walk up attic for storage and full clean basement.FIRST TIME BUYERS - UP TO $7,500 DOWN PAYMENT ASSITANCE!!
Unit Size
2,115 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$170
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1910

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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: 5 months ago (MLSPIN #71278082)

Price History

Date / Event Date Event Price
Jan 24, 2012 Sold
Premium
Sold
Aug 22, 2011 Listed by Century 21 N. Shore RE $359,000
Listed by Century 21 N. Shore RE

Property Highlights

Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,125
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,101
  • Total Building Area: 2,115
  • Gross Building Area: 3,285
  • Building Area: 2,115
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,115
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 204200

Geography

  • Parcel: SALE M:34 L:0062
  • Lot: 62
  • Municipality: SALEM
  • Latitude: 42.5146
  • Longitude: -70.8932

    Address

  • Full Address: 2 Fairfield St
  • Address - House Number: 2
  • Address - Street Name: Fairfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 4808
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $730,200

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 716,108
  • High Value: 840,404
  • Low Value: 591,812

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $628,400
  • Assessed Land Value: $234,600
  • Assessed Improvements Value: $393,800

    Sales

  • Current Sale Recording Date: Jan 24, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 189
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:

$616,750

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2068 ft²

Average Home Age

83.4 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: 5 months ago
Data Source: MLS PIN, MLS# 71278082

Frequently Asked Questions

When was property at 2 Fairfield Street built and last sold?
The property at 2 Fairfield Street was built in 1910 and last sold on Jan 1, 1970 for $346,000.
How much is this home worth?
The estimated value of the home located at 2 Fairfield Street is $383,250.
What are some comparable homes to 2 Fairfield Street?
There are currently no comparable homes to 2 Fairfield Street.
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