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Salem 01970 South Salem
20 Buchanan Road
$369,000
● House - Off Market

20 Buchanan Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$672,753
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

A great place to live!  Warm and welcoming home with views of Forest River.  Feel at home the minute you walk in to the living room with fireplace, wood floors and natural woodwork. The house has a great layout.  The spacious country kitchen with plenty of counter space opens to dining room all with wood floors.  A bonus three-season family room overlooks the river and yard.   There is a master bedroom suite with bath with walk-in shower, and a second full bathroom and two additional bedrooms on the second floor.  Adorable front porch for relaxing also.  Very conveniently located to near Salem State and Vinnin Square shops, yet tucked away in a great neighborhood right up the street from Pickman Park.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$273
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1923

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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 #71732479)

Price History

Date / Event Date Event Price
Sep 30, 2014 Sold
Premium
Sold
Aug 21, 2014 Listed by RE/MAX Advantage Real Estate $369,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1923
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 6
  • 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: 672
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,654
  • Total Building Area: 1,350
  • Gross Building Area: 2,772
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN PICKMAN PARK SA
  • Land Acres: 0000000130
  • 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:0304
  • Lot: 304
  • Municipality: SALEM
  • Latitude: 42.4948
  • Longitude: -70.8911

    Address

  • Full Address: 20 Buchanan Rd
  • Address - House Number: 20
  • Address - Street Name: Buchanan
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4413
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $652,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 644,669
  • High Value: 759,786
  • Low Value: 529,553

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,800
  • Assessed Land Value: $204,300
  • Assessed Improvements Value: $357,500

    Sales

  • Current Sale Recording Date: Sep 30, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93000301
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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71732479

Frequently Asked Questions

When was property at 20 Buchanan Road built and last sold?
The property at 20 Buchanan Road was built in 1923 and last sold on Jan 1, 1970 for $369,000.
How much is this home worth?
The estimated value of the home located at 20 Buchanan Road is $380,746.
What are some comparable homes to 20 Buchanan Road?
There are currently no comparable homes to 20 Buchanan Road.
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