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Salem 01970 South Salem
2 Meadow St
Photo of 2 Meadow St
Sold on Jun 1, 2006

1

Map

$356,000
● House - Off Market

2 Meadow St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,431 Ft²
$628,451
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

Sun-drenched Colonial features seven rooms, three bedrooms, 1.5 baths plus additional 800 sf, 3 rooms in walk-out, finished, lower level for in-law or au-paire suite.  Formal living and dining rooms, hardwood floors, updated baths, large kitchen with dining area and breakfast bar, bedrooms w/spacious closets. Large, fenced yard has expansive deck and above-ground pool for summertime cook-outs.  Plenty of off-street parking, close to schools and shopping
Unit Size
1,431 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$244
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1890

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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: 5 months ago (MLSPIN #70357501)

Price History

Date / Event Date Event Price
Jan 28, 2016 Sold
Premium
Sold
Jun 2, 2006 Sold
Premium
Sold
Mar 30, 2006 Listed $349,000
Listed
May 28, 2004 Sold
Premium
Sold
Apr 5, 2004 Listed by RE/MAX 360 $339,862
Listed by RE/MAX 360
Adorable three bedroom colonial boasting two and half baths, hardwood floors, oversized kitchen, cedar closet, full finished au paire suite in basement! parking for four cars! large level lot! priced to sell! Call today, very easy to show!
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 969
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,876
  • Total Building Area: 1,431
  • Gross Building Area: 2,706
  • Building Area: 1,431
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,431
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204101

Zoning

  • Zoning: B4

Geography

  • Parcel: SALE M:33 L:0092
  • Lot: 92
  • Municipality: SALEM
  • Latitude: 42.5088
  • Longitude: -70.8944

    Address

  • Full Address: 2 Meadow St
  • Address - House Number: 2
  • Address - Street Name: Meadow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C028
  • 4-Digit Zip Code: 4617
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $713,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.222
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 69
  • Final Value: 489,169
  • High Value: 597,765
  • Low Value: 380,573

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $613,700
  • Assessed Land Value: $173,600
  • Assessed Improvements Value: $440,100

    Sales

  • Current Sale Recording Date: Jan 28, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 381
  • Previous Sale Recording Date: Jun 02, 2006
  • Previous Sale Amount: $356,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2104 ft²

Average Home Age

84 years

Currently For Sale

39 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# 70357501

Frequently Asked Questions

When was property at 2 Meadow Street built and last sold?
The property at 2 Meadow Street was built in 1890 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 2 Meadow Street is $363,678.
What are some comparable homes to 2 Meadow Street?
There are currently no comparable homes to 2 Meadow Street.
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