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Salem 01970
2 Massey Way
$410,000
● House - Off Market

2 Massey Way

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,800 Ft²
$737,616
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model

About This Property

Newly constructed 6 room, 3 bedroom, 2 .5 bath home with 5 1/2 Star Energy efficient rating.  This charmer is well located a short distance from town, train and the two waterfront communities of Salem and Beverly.  The main level has a well appointed kitchen with granite and stainless, diningroom, livingroom with fireplace and wood floors throughout this level.  The second level offers a master bedroom suite, 2 guest bedrooms and guest bath.  Great opportunity to own new construction at an affordable price with care free living for many years to come!
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$233
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2015

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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 #71799390)

Price History

Date / Event Date Event Price
May 7, 2015 Sold
Premium
Sold
Mar 10, 2015 Listed by Tache Real Estate, Inc. $419,000
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • 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: 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: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,810
  • Total Building Area: 1,696
  • Gross Building Area: 3,492
  • Building Area: 1,696
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,696
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:37 L:0088
  • Lot: 88
  • Municipality: SALEM
  • Latitude: 42.5352
  • Longitude: -70.8883

    Address

  • Full Address: 2 Massey Way
  • Address - House Number: 2
  • Address - Street Name: Massey
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2660
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 726,803
  • High Value: 841,604
  • Low Value: 612,001

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $636,600
  • Assessed Land Value: $173,400
  • Assessed Improvements Value: $463,200

    Sales

  • Current Sale Recording Date: May 07, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 50700035
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 Salem

Stats & Trends

Median Asking:

$609,900

Sale Price/ft²

$402

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1880 ft²

Average Home Age

102.1 years

Currently For Sale

94 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# 71799390

Frequently Asked Questions

When was property at 2 Massey Way built and last sold?
The property at 2 Massey Way was built in 2015 and last sold on Jan 1, 1970 for $410,000.
How much is this home worth?
The estimated value of the home located at 2 Massey Way is $438,963.
What are some comparable homes to 2 Massey Way?
There are currently no comparable homes to 2 Massey Way.
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