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Salem 01970 South Salem
21 Naples Road
$625,000
● House - Off Market

21 Naples Road

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,971 Ft²
$671,252
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

There are some things that you can't change in a house:  location, land, and strong "bones."  Others you can:  refinish hardwood floors, paint walls, update bathrooms, etc.  Luckily this house represents both...great location, solidly built, and waiting for you to put your finishing touches on it.  Why pay for what someone else has done when you can create your own dream home?   Hardwood floors have been covered with carpets for years and are waiting to "breath" again.  Great light throughout.  Fabulous front porch and large backyard. Located steps to Osgood park and the beach (private neighborhood association), you can stroll down the street and launch your kayak, swim or fish from the beach. Treat yourself to the ocean breezes and vacation year round.
Unit Size
1,971 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$304
Property Type
House
Property Taxes
$601
HOA Dues
-
Year Built
1920

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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 years ago (MLSPIN #72915954)

Price History

Date / Event Date Event Price
Dec 20, 2021 Sold
Premium
Sold
Nov 3, 2021 Listed by William Raveis R.E. & Home Services $599,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,743
  • Total Building Area: 1,761
  • Gross Building Area: 2,943
  • Building Area: 1,761
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,761
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:32 L:0401
  • Lot: 401
  • Municipality: SALEM
  • Latitude: 42.5037
  • Longitude: -70.8877

    Address

  • Full Address: 21 Naples Rd
  • Address - House Number: 21
  • Address - Street Name: Naples
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5309
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $820,100

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 759,427
  • High Value: 890,671
  • Low Value: 628,183

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $705,800
  • Assessed Land Value: $244,200
  • Assessed Improvements Value: $461,600

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211220005720
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: 5 years ago
Data Source: MLS PIN, MLS# 72915954

Frequently Asked Questions

When was property at 21 Naples Road built and last sold?
The property at 21 Naples Road was built in 1920 and last sold on Dec 20, 2021 for $625,000.
How much is this home worth?
The estimated value of the home located at 21 Naples Road is $0.
What are some comparable homes to 21 Naples Road?
There are currently no comparable homes to 21 Naples Road.
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