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Salem 01970 South Salem
21 Bow St
$285,000
● House - Off Market

21 Bow St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,450 Ft²
$521,477
RealtyHop Estimate
82.97%
Since Dec 1, 2014
MA-Boston
Primary Model

About This Property

Well maintained colonial style home in desirable Witchcraft Heights area. Minutes away to elementary school and parks, easy access to highway and commuter train station. First floor boast a large eat-in kitchen with lots of cabinet space, 1/2 bathroom, living room, dining room or office and bonus back sun room. Second floor consist of 3 bedrooms with hardwood floors and plenty of closet space, full bath with a jacuzzi tub. Large fenced in yard great for pets with a beautiful in-ground pool, garage for additional storage and workshop area and plenty of parking. Perfect for entertaining or relaxing in your private oasis.
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$197
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1890

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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 #71731734)

Price History

Date / Event Date Event Price
Nov 21, 2014 Sold
Premium
Sold
Aug 20, 2014 Listed by Armstrong Field Real Estate $285,000
Listed by Armstrong Field Real Estate
Jun 14, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 660
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,675
  • Total Building Area: 1,155
  • Gross Building Area: 2,264
  • Building Area: 1,155
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,155
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:16 L:0031
  • Lot: 31
  • Municipality: SALEM
  • Latitude: 42.5208
  • Longitude: -70.9183

    Address

  • Full Address: 21 Bow St
  • Address - House Number: 21
  • Address - Street Name: Bow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1113
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $618,300

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 605,938
  • High Value: 735,836
  • Low Value: 476,039

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,100
  • Assessed Land Value: $208,000
  • Assessed Improvements Value: $324,100

    Sales

  • Current Sale Recording Date: Nov 21, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112100231
  • Previous Sale Recording Date: Jun 14, 2007
  • Previous Sale Amount: $17,574
  • 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:

$616,750

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2099 ft²

Average Home Age

85.6 years

Currently For Sale

40 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# 71731734

Frequently Asked Questions

When was property at 21 Bow Street built and last sold?
The property at 21 Bow Street was built in 1890 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 21 Bow Street is $302,367.
What are some comparable homes to 21 Bow Street?
There are currently no comparable homes to 21 Bow Street.
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