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Salem 01970 South Salem
205 Jefferson Ave
$242,000
● House - Off Market

205 Jefferson Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,708 Ft²
$419,614
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Talk about value! With a some imagination and sweat equity, the possibilities are endless with this home. This spacious Salem colonial features over 1700 sq/ft of living space, hardwood floors, a fireplace, a flexible floor plan, three bedrooms (one bedroom is a passthrough), high ceilings, and an abundance of light. Located on a large lot, there is ample space for gardening, or social gatherings. Newer heating system and hot water tank. Conveniently located in minutes from downtown Salem. Property is sold as is where is. Sale subject to seller finding suitable housing.
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$158
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1873

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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 #72151614)

Price History

Date / Event Date Event Price
Aug 18, 2017 Sold
Premium
Sold
Apr 24, 2017 Listed by J. Barrett & Company $270,000
Listed by J. Barrett & Company
Jun 14, 2002 Sold
Premium
Sold
Jan 13, 2002 Listed by J. Barrett & Company $279,500
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1873
  • Effective Year Built: 1873
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 924
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 1,708
  • Gross Building Area: 3,425
  • Building Area: 1,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,708
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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:0184
  • Lot: 184
  • Municipality: SALEM
  • Latitude: 42.5083
  • Longitude: -70.9013

    Address

  • Full Address: 205 Jefferson Ave
  • Address - House Number: 205
  • 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: $557,900

    Appraisal Valuation

  • Standard Deviation: 0.2566
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 559,057
  • High Value: 702,443
  • Low Value: 415,670

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $480,100
  • Assessed Land Value: $185,400
  • Assessed Improvements Value: $294,700

    Sales

  • Current Sale Recording Date: Aug 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 562
  • Previous Sale Recording Date: Jun 14, 2002
  • Previous Sale Amount: $276,000
  • 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:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2148 ft²

Average Home Age

85.2 years

Currently For Sale

36 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# 72151614

Frequently Asked Questions

When was property at 205 Jefferson Avenue built and last sold?
The property at 205 Jefferson Avenue was built in 1873 and last sold on Jan 1, 1970 for $242,000.
How much is this home worth?
The estimated value of the home located at 205 Jefferson Avenue is $290,280.
What are some comparable homes to 205 Jefferson Avenue?
There are currently no comparable homes to 205 Jefferson Avenue.
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