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Salem 01970 South Salem
203 Jefferson Ave
$396,000
● House - Off Market

203 Jefferson Ave

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
919 Ft²
$398,866
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Welcome to your new home in beautiful, historical Salem!  Your cozy house is situated on a green and grassy corner lot which is conveniently located near Salem Hospital, Downtown Salem and all of its fabulous shops, restaurants and bars.  This "good bones" house is waiting for your updates.  Bring your imagination to the kitchen, re-imagine the bathroom and turn this space into your home.  You will love the traditional dining room with built in storage features.  Lounge out in your living room.  Your front entrance and mud room have been recently remodeled with new stairs and shiny, engineered floors.  Easy to show, make an appointment today!
Unit Size
919 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$435
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1895

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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: 6 months ago (MLSPIN #73111406)

Price History

Date / Event Date Event Price
Jul 7, 2023 Sold
Premium
Sold
Jun 13, 2023 In contract -
In contract
May 15, 2023 Listed by J. Barrett & Company $399,900
Listed by J. Barrett & Company
Jul 31, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 425
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,700
  • Total Building Area: 919
  • Gross Building Area: 1,632
  • Building Area: 919
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 919
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • 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: R3

Geography

  • Parcel: SALE M:24 L:0183
  • Lot: 183
  • Municipality: SALEM
  • Latitude: 42.5084
  • Longitude: -70.9013

    Address

  • Full Address: 203 Jefferson Ave
  • Address - House Number: 203
  • Address - Street Name: Jefferson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2837
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $458,400

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 380,396
  • High Value: 479,224
  • Low Value: 281,567

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $394,500
  • Assessed Land Value: $175,700
  • Assessed Improvements Value: $218,800

    Sales

  • Current Sale Contract Date: Jul 07, 2023
  • Current Sale Recording Date: Jul 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20230707001240
  • Previous Sale Recording Date: Jul 31, 1992
  • Previous Sale Amount: $103,000
  • 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:

$614,500

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1729 ft²

Average Home Age

92.1 years

Currently For Sale

41 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: 6 months ago
Data Source: MLS PIN, MLS# 73111406

Frequently Asked Questions

When was property at 203 Jefferson Avenue built and last sold?
The property at 203 Jefferson Avenue was built in 1895 and last sold on Jul 7, 2023 for $396,000.
How much is this home worth?
The estimated value of the home located at 203 Jefferson Avenue is $402,216.
What are some comparable homes to 203 Jefferson Avenue?
There are currently no comparable homes to 203 Jefferson Avenue.
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