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Salem 01970 South Salem
20 Verdon Street
$410,000
● House - Off Market

20 Verdon Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,512 Ft²
$668,119
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Don't miss this three bedroom, two-bath home with a newly renovated kitchen and dining room area featuring granite counters and all Bosch stainless steel appliances!  Central air-conditioning, newly refinished hardwood floors throughout, full basement and easy access to a fully fenced back yard, give you all you need to enjoy the great outdoors this summer.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$284
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1966

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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 #72172012)

Price History

Date / Event Date Event Price
Aug 16, 2017 Sold
Premium
Sold
May 30, 2017 Listed by Stone Ridge Properties, Inc. $429,900
Listed by Stone Ridge Properties, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • 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: 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,639
  • Total Building Area: 1,008
  • Gross Building Area: 2,538
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:08 L:0046
  • Lot: 46
  • Municipality: SALEM
  • Latitude: 42.5039
  • Longitude: -70.9269

    Address

  • Full Address: 20 Verdon St
  • Address - House Number: 20
  • Address - Street Name: Verdon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1820
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $646,400

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 647,314
  • High Value: 754,208
  • Low Value: 540,420

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $556,300
  • Assessed Land Value: $184,200
  • Assessed Improvements Value: $372,100

    Sales

  • Current Sale Contract Date: Aug 15, 2017
  • Current Sale Recording Date: Aug 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 585348
  • Previous Sale Recording Date: Sep 04, 2015
  • Previous Sale Contract Date: Sep 04, 2015
  • 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

2171 ft²

Average Home Age

83.9 years

Currently For Sale

33 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# 72172012

Frequently Asked Questions

When was property at 20 Verdon Street built and last sold?
The property at 20 Verdon Street was built in 1966 and last sold on Aug 15, 2017 for $410,000.
How much is this home worth?
The estimated value of the home located at 20 Verdon Street is $440,935.
What are some comparable homes to 20 Verdon Street?
There are currently no comparable homes to 20 Verdon Street.
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