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Salem 01970 South Salem
2 Sunset Rd
Photo of 2 Sunset Rd
Sold on Jul 7, 2026

27

Map

Photo of 2 Sunset Rd
Photo of 2 Sunset Rd
$999,999
● House - Off Market

2 Sunset Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,024 Ft²
$5,337
Est. Monthly

About This Property

2 Sunset Road is a beautifully maintained colonial home featuring 3 bedrooms and 2 full bathrooms. The home is located in a peaceful neighborhood with close proximity to Salem Harbor and Marblehead Rail Trail. This property features neighborhood beach rights, updated central AC mini-split system (2018), a new roof in 2020, and finished basement. The interior has hardwood flooring throughout, a living room with a fireplace, and an updated kitchen and dining area featuring a separate beverage area and granite countertops. Practical spaces include a mudroom, generous storage throughout, and a flexible bonus room-ideal for a home office or hobby space. Outside, the professionally landscaped yard features a spacious patio and a rear gate provides direct access to nearby nature trails.
Unit Size
2,024 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$469
Property Type
House
Property Taxes
$672
HOA Dues
-
Year Built
1939

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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: 3 months ago (MLSPIN #73497356)

Price History

Date / Event Date Event Price
Jul 7, 2026 Sold
Premium
Sold
Apr 15, 2026 In contract -
In contract
Apr 7, 2026 Listed by William Raveis R.E. & Home Services $950,000
Listed by William Raveis R.E. & Home Services
Sep 23, 2022 Sold
Premium
Sold
Aug 8, 2022 Listed by William Raveis R.E. & Home Services $799,900
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 540
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,602
  • Total Building Area: 2,024
  • Gross Building Area: 4,092
  • Building Area: 2,024
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,024
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARBOR VIEW PARK
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:31 L:0261
  • Lot: 261
  • Municipality: SALEM
  • Latitude: 42.4971
  • Longitude: -70.8885

    Address

  • Full Address: 2 Sunset Rd
  • Address - House Number: 2
  • Address - Street Name: Sunset
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5319
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $801,400

    Appraisal Valuation

  • Standard Deviation: 0.1737
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 811,537
  • High Value: 952,521
  • Low Value: 670,553

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $689,700
  • Assessed Land Value: $237,500
  • Assessed Improvements Value: $452,200

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 299
  • Previous Sale Recording Date: Dec 09, 2013
  • Previous Sale Amount: $459,000
  • 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:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2257 ft²

Average Home Age

86.4 years

Currently For Sale

44 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: 3 months ago
Data Source: MLS PIN, MLS# 73497356

Frequently Asked Questions

When was property at 2 Sunset Road built and last sold?
The property at 2 Sunset Road was built in 1939 and last sold on Sep 23, 2022 for $810,000.
How much is this home worth?
The estimated value of the home located at 2 Sunset Road is $920,386.
What are some comparable homes to 2 Sunset Road?
There are currently no comparable homes to 2 Sunset Road.
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