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Salem 01970 South Salem
2 Langdon St
$265,000
● House - Off Market

2 Langdon St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,108 Ft²
$405,877
RealtyHop Estimate
44.96%
Since Apr 1, 2019
MA-Boston
Primary Model

About This Property

This is a fabulous opportunity to live in Salem's Gallows Hill neighborhood! Bring your tool belt and build some sweat equity! This home boasts 3 bedrooms, 2 full baths, a full basement and just steps to Mansell/Gallows Hill park which has a  skate park, basketball court, baseball fields, and soccer fields which the city is in the process of re-doing. This home will be sold AS-IS. This is an Estate Sale and may be subject to getting a license to sell. Offers to be reviewed Monday January 21st.
Unit Size
1,108 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$253
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1902

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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 #72441247)

Price History

Date / Event Date Event Price
Aug 31, 2021 Sold
Premium
Sold
Jul 20, 2021 Listed by MerryFox Realty $379,000
Listed by MerryFox Realty
Mar 15, 2019 Sold
Premium
Sold
Jan 15, 2019 Listed by MerryFox Realty $280,000
Listed by MerryFox Realty
Jun 23, 1995 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1902
  • Effective Year Built: 1902
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 593
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,962
  • Total Building Area: 1,108
  • Gross Building Area: 1,940
  • Building Area: 1,108
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,108
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000068
  • 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: 204702

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:15 L:0339
  • Lot: 339
  • Municipality: SALEM
  • Latitude: 42.5171
  • Longitude: -70.9102

    Address

  • Full Address: 2 Langdon St
  • Address - House Number: 2
  • Address - Street Name: Langdon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1908
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $506,700

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 502,322
  • High Value: 581,666
  • Low Value: 422,978

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $436,100
  • Assessed Land Value: $185,100
  • Assessed Improvements Value: $251,000

    Sales

  • Current Sale Contract Date: Aug 31, 2021
  • Current Sale Recording Date: Aug 31, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210831002440
  • Previous Sale Recording Date: Mar 15, 2019
  • Previous Sale Contract Date: Mar 15, 2019
  • Previous Sale Amount: $265,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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# 72441247

Frequently Asked Questions

When was property at 2 Langdon Street built and last sold?
The property at 2 Langdon Street was built in 1902 and last sold on Aug 31, 2021 for $369,000.
How much is this home worth?
The estimated value of the home located at 2 Langdon Street is $380,511.
What are some comparable homes to 2 Langdon Street?
There are currently no comparable homes to 2 Langdon Street.
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