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Salem 01970 South Salem
22 Albion St
$400,000
● House - Off Market

22 Albion St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,648 Ft²
$614,347
RealtyHop Estimate
59.61%
Since May 1, 2017
MA-Boston
Primary Model

About This Property

Newly renovated 4 bedroom home ready for its new family. This home has a new granite kitchen, first floor tiled full bath with laundry, hardwood floors, 4 bedrooms and a new bath on the second floor. A quiet side street off Witch Craft Heights, with parking and large yard, this is a must see. Open house this Saturday 2/18 from 12 to 1:30.
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$234
Property Type
House
Property Taxes
$371
HOA Dues
-
Year Built
1850

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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 #72119991)

Price History

Date / Event Date Event Price
Apr 13, 2017 Sold
Premium
Sold
Feb 16, 2017 Listed by 1 Percent Realty, LLC $384,900
Listed by 1 Percent Realty, LLC
Mar 25, 2016 Sold
Premium
Sold
Aug 24, 2015 Listed by 1 Percent Realty, LLC $219,000
Listed by 1 Percent Realty, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 947
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,192
  • Total Building Area: 1,648
  • Gross Building Area: 2,878
  • Building Area: 1,648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,648
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000165
  • 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:15 L:0231
  • Lot: 231
  • Municipality: SALEM
  • Latitude: 42.5185
  • Longitude: -70.9139

    Address

  • Full Address: 22 Albion St
  • Address - House Number: 22
  • Address - Street Name: Albion
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1304
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $655,400

    Appraisal Valuation

  • Standard Deviation: 0.2266
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 637,873
  • High Value: 782,390
  • Low Value: 493,356

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,000
  • Assessed Land Value: $205,700
  • Assessed Improvements Value: $358,300

    Sales

  • Current Sale Recording Date: Apr 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 365
  • Previous Sale Recording Date: Mar 25, 2016
  • Previous Sale Amount: $205,000
  • 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:

$615,000

Sale Price/ft²

$367

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1724 ft²

Average Home Age

93.3 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: 6 months ago
Data Source: MLS PIN, MLS# 72119991

Frequently Asked Questions

When was property at 22 Albion Street built and last sold?
The property at 22 Albion Street was built in 1850 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 22 Albion Street is $390,922.
What are some comparable homes to 22 Albion Street?
There are currently no comparable homes to 22 Albion Street.
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