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Salem 01970 North Salem
2 Felt St
$354,000
● House - Off Market

2 Felt St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,166 Ft²
$657,022
RealtyHop Estimate
82.56%
Since Feb 1, 2015
MA-Boston
Primary Model

About This Property

Welcome to North Salem. This classic home is waiting for your upgrades and improvements. Enjoy the water views from your home and the private back yard for all of your out-door fun. The traditional lay-out gives you a separate kitchen, living room and dining room and the large doorways give that open feeling everyone is looking for today. Enjoy the built in features, enjoy the chair railings and traditional details. Your living room has a fireplace. Hardwood floors throughout your future home are waiting for your shine. Your second floor has 3 generous bedrooms. Bonus room in the attic space! Partially finished attic has been sheet-rocked, insulated and floating floors have been installed. This sale is a short-sale, subject to bank approval. This house is easy to show. Feel free to make an appointment today!
Unit Size
2,166 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$166
Property Type
House
Property Taxes
$498
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 #71672128)

Price History

Date / Event Date Event Price
Aug 5, 2021 Sold
Premium
Sold
May 18, 2021 Listed by J. Barrett & Company $629,900
Listed by J. Barrett & Company
Jan 28, 2015 Sold
Premium
Sold
Apr 30, 2014 Listed by J. Barrett & Company $359,900
Listed by J. Barrett & Company
Sep 29, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 967
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,553
  • Total Building Area: 2,166
  • Gross Building Area: 3,785
  • Building Area: 2,166
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,166
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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:0611
  • Lot: 611
  • Municipality: SALEM
  • Latitude: 42.5323
  • Longitude: -70.8968

    Address

  • Full Address: 2 Felt St
  • Address - House Number: 2
  • Address - Street Name: Felt
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2418
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $851,600

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 820,466
  • High Value: 962,726
  • Low Value: 678,207

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $732,900
  • Assessed Land Value: $248,900
  • Assessed Improvements Value: $484,000

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210805001830
  • Previous Sale Recording Date: Jan 28, 2015
  • Previous Sale Amount: $354,000
  • 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 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# 71672128

Frequently Asked Questions

When was property at 2 Felt Street built and last sold?
The property at 2 Felt Street was built in 1920 and last sold on Aug 5, 2021 for $784,900.
How much is this home worth?
The estimated value of the home located at 2 Felt Street is $645,453.
What are some comparable homes to 2 Felt Street?
There are currently no comparable homes to 2 Felt Street.
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