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Salem 01970 South Salem
20 Raymond Road
$290,000
● House - Off Market

20 Raymond Road

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
824 Ft²
$511,810
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

First time home buyers and those seeking to downsize, come take a look at this well-maintained and recently refreshed South Salem ranch home.  The sellers have just completed numerous cosmetic projects but there are still some opportunities to customize this home to suit your preferences.  The home features hardwood floors, Harvey replacement windows, two modest bedrooms, 1 bath and an extra den/bonus room.  Needing some extra garage/storage space?  Here you will find a large 2 car garage and a full basement with washer & dryer.  Plenty of off-street parking, rear deck and a manageable yard space.  Great side street location, close to many area amenities.  This is a great opportunity to own in Salem!
Unit Size
824 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$358
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1952

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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 #71841541)

Price History

Date / Event Date Event Price
Jul 21, 2015 Sold
Premium
Sold
May 21, 2015 Listed by Vadala Real Estate $295,000
Listed by Vadala Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 892
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,480
  • Total Building Area: 1,092
  • Gross Building Area: 2,122
  • Building Area: 1,092
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,092
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:32 L:0007
  • Lot: 7
  • Municipality: SALEM
  • Latitude: 42.5003
  • Longitude: -70.8928

    Address

  • Full Address: 20 Raymond Rd
  • Address - House Number: 20
  • Address - Street Name: Raymond
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5325
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $529,300

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 529,329
  • High Value: 626,930
  • Low Value: 431,727

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $455,500
  • Assessed Land Value: $179,100
  • Assessed Improvements Value: $276,400

    Sales

  • Current Sale Recording Date: Jul 21, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 337
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2133 ft²

Average Home Age

83.7 years

Currently For Sale

38 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# 71841541

Frequently Asked Questions

When was property at 20 Raymond Road built and last sold?
The property at 20 Raymond Road was built in 1952 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 20 Raymond Road is $298,267.
What are some comparable homes to 20 Raymond Road?
There are currently no comparable homes to 20 Raymond Road.
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