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Salem 01970 North Salem
2 Locust Street
Photo of 2 Locust Street
Sold on Jun 26, 2008

1

Map

$445,000
● House - Off Market

2 Locust Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,280 Ft²
$876,395
RealtyHop Estimate
96.94%
Since Jul 1, 2008
MA-Boston
Primary Model

About This Property

FABULOUS PRICE REDUCTION ON THIS TERRIFIC HOME!!! Updated colonial in beautiful Kernwood area of North Salem.  Spacious kitchen with additional eating area leading to screened porch and overlooking gorgeous perennial gardens.  Sunny front-to- back living room with fireplace, formal dining room, newer boiler, hot water heater and windows.  Additional fireplace in finished room in basement.  Peeks at water from 2nd floor.  This is a very pretty home!!!
Unit Size
2,280 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$195
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #70721299)

Price History

Date / Event Date Event Price
Jun 26, 2008 Sold
Premium
Sold
Mar 3, 2008 Listed $445,000
Listed
May 23, 2003 Sold
Premium
Sold
Mar 28, 2003 Listed $449,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 976
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,637
  • Total Building Area: 1,792
  • Gross Building Area: 3,204
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHABEL TRUST
  • Land Acres: 0000000129
  • 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:0481
  • Lot: 481
  • Municipality: SALEM
  • Latitude: 42.5335
  • Longitude: -70.897

    Address

  • Full Address: 2 Locust St
  • Address - House Number: 2
  • Address - Street Name: Locust
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2635
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $830,800

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 788,118
  • High Value: 908,955
  • Low Value: 667,281

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $715,000
  • Assessed Land Value: $237,700
  • Assessed Improvements Value: $477,300

    Sales

  • Current Sale Recording Date: Jun 26, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 23, 2003
  • Previous Sale Amount: $449,000
  • 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:

$654,500

Sale Price/ft²

$414

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1392 ft²

Average Home Age

99.9 years

Currently For Sale

16 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: 6 months ago
Data Source: MLS PIN, MLS# 70721299

Frequently Asked Questions

When was property at 2 Locust Street built and last sold?
The property at 2 Locust Street was built in 1960 and last sold on Jan 1, 1970 for $445,000.
How much is this home worth?
The estimated value of the home located at 2 Locust Street is $473,166.
What are some comparable homes to 2 Locust Street?
There are currently no comparable homes to 2 Locust Street.
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