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Salem 01970 South Salem
2 Looney Avenue
$210,000
● House - Off Market

2 Looney Avenue

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,309 Ft²
$424,614
RealtyHop Estimate
102.29%
Since Aug 1, 2012
MA-Boston
Primary Model

About This Property

Well located 6 room, 3 bedroom home in nice residential neighborhood. Easy acces to town, NSMC, shopping and entertainment. Hard wood floors throughout. Great first home. Ample offstreet parking and easy to create a driveway if wanted.  1st showings pen house Sunday June 24, 2012. All and any offers to be presented by Monday at 12PM
Unit Size
1,309 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$160
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1953

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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 #71398805)

Price History

Date / Event Date Event Price
Jul 31, 2012 Sold
Premium
Sold
Jun 19, 2012 Listed by Tache Real Estate, Inc. $209,900
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,001
  • Total Building Area: 1,309
  • Gross Building Area: 2,310
  • Building Area: 1,309
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,309
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • 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: R1

Geography

  • Parcel: SALE M:15 L:0393
  • Lot: 393
  • Municipality: SALEM
  • Latitude: 42.5151
  • Longitude: -70.9097

    Address

  • Full Address: 2 Looney Ave
  • Address - House Number: 2
  • Address - Street Name: Looney
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C032
  • 4-Digit Zip Code: 1910
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,100

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 510,335
  • High Value: 607,753
  • Low Value: 412,917

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,200
  • Assessed Land Value: $168,200
  • Assessed Improvements Value: $282,000

    Sales

  • Current Sale Recording Date: Jul 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2169 ft²

Average Home Age

85.1 years

Currently For Sale

34 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# 71398805

Frequently Asked Questions

When was property at 2 Looney Avenue built and last sold?
The property at 2 Looney Avenue was built in 1953 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 Looney Avenue is $227,383.
What are some comparable homes to 2 Looney Avenue?
There are currently no comparable homes to 2 Looney Avenue.
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