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Salem 01970 South Salem
21 Chestnut Street
$301,500
● House - Off Market

21 Chestnut Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,170 Ft²
$1,510,305
RealtyHop Estimate
332.75%
Since Aug 1, 1996
MA-Boston
Primary Model

About This Property

SPECTACULAR FLEMISH-BOND BRICK 1/2 HOUSE ON HISTORIC CHESTNUT STREET, 4+ BDRMS, 2.5 BATHS, A MUST SEE FOR THE TRUE ANTIQUE LOVER!
Unit Size
4,170 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$84
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1814

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 years ago (MLSPIN #30065346)

Price History

Date / Event Date Event Price
Apr 13, 2020 Sold
Premium
Sold
Nov 1, 2019 Sold
Premium
Sold
Dec 17, 2001 Sold
Premium
Sold
Aug 17, 2001 Listed by Carlson GMAC Real Estate $899,000
Listed by Carlson GMAC Real Estate
OWN A PART OF HISTORY-GRACEFUL AND ELEGANT BRICK DOUBLE HOUS ON FAMOUS CHESTNUT ST.COMPLETELY UPDATED FOR MODERN LIVING WHILE MAINTAINING ORIGINAL PERIOD DETAILS
Jul 25, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1814
  • Effective Year Built: 1814
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,624
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,641
  • Total Building Area: 4,599
  • Gross Building Area: 5,836
  • Building Area: 4,599
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,599
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0444
  • Lot: 444
  • Municipality: SALEM
  • Latitude: 42.5191
  • Longitude: -70.9007

    Address

  • Full Address: 21 Chestnut St
  • Address - House Number: 21
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3128
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,836,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2158
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 1,602,527
  • High Value: 1,948,375
  • Low Value: 1,256,680

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,580,100
  • Assessed Land Value: $256,000
  • Assessed Improvements Value: $1,324,100

    Sales

  • Current Sale Contract Date: Apr 13, 2020
  • Current Sale Recording Date: Apr 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200413002100
  • Previous Sale Recording Date: Nov 01, 2019
  • Previous Sale Contract Date: Oct 09, 2019
  • Previous Sale Amount: $1,200,000
  • Previous Sale Document Type: O
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

2188 ft²

Average Home Age

89.2 years

Currently For Sale

45 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: 4 years ago
Data Source: MLS PIN, MLS# 30065346

Frequently Asked Questions

When was property at 21 Chestnut Street built and last sold?
The property at 21 Chestnut Street was built in 1814 and last sold on Apr 13, 2020 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 21 Chestnut Street is $936,335.
What are some comparable homes to 21 Chestnut Street?
There are currently no comparable homes to 21 Chestnut Street.
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