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Salem 01970 South Salem
2 Jackson Terrace
Photo of 2 Jackson Terrace
Sold on Dec 30, 2010

1

Map

$210,000
● House - Off Market

2 Jackson Terrace

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,050 Ft²
$494,383
RealtyHop Estimate
110.38%
Since Jan 1, 2011
MA-Boston
Primary Model

About This Property

Charming well maintained Ranch style home on dead-end street.  Hardwood floors, new roof (2010), oversized (1,000 sq. ft. ) unfinished lower level.  Short walk to public library and transportation, downtown, restaurants, Salem Common and Pickering Wharf. Showings begin Tues 9/28/10. 1st Open House: Sunday 10/3/10 1:00-2:00 PM
Unit Size
1,050 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$224
Property Type
House
Property Taxes
$317
HOA Dues
-
Year Built
1991

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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: 10 months ago (MLSPIN #71140633)

Price History

Date / Event Date Event Price
Dec 29, 2010 Sold
Premium
Sold
Sep 22, 2010 Listed by Coldwell Banker Residential Brokerage - Salem $235,000
Listed by Coldwell Banker Residential Brokerage - Salem

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,050
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,032
  • Total Building Area: 1,050
  • Gross Building Area: 2,154
  • Building Area: 1,050
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,050
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WALTER GROSZYK
  • Land Acres: 0000000070
  • 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

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0669
  • Lot: 669
  • Municipality: SALEM
  • Latitude: 42.5159
  • Longitude: -70.9046

    Address

  • Full Address: 2 Jackson Ter
  • Address - House Number: 2
  • Address - Street Name: Jackson
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 3123
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $573,000

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 537,098
  • High Value: 639,625
  • Low Value: 434,571

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,100
  • Assessed Land Value: $185,400
  • Assessed Improvements Value: $307,700

    Sales

  • Current Sale Recording Date: Dec 29, 2010
  • Current Sale Price:
    Premium
  • Current 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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: 10 months ago
Data Source: MLS PIN, MLS# 71140633

Frequently Asked Questions

When was property at 2 Jackson Terrace built and last sold?
The property at 2 Jackson Terrace was built in 1991 and last sold on Jan 1, 1970 for $210,000.
How much is this home worth?
The estimated value of the home located at 2 Jackson Terrace is $0.
What are some comparable homes to 2 Jackson Terrace?
There are currently no comparable homes to 2 Jackson Terrace.
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