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Salem 01970 South Salem
22 Gables Cir
$290,000
● House - Off Market

22 Gables Cir

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,648 Ft²
$535,756
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Opportunity knocking!! Super Location in the heart of Witchcraft Heights!  This one-owner home is clean, nicely maintained and in move-in condition. Features HW floors, new ceramic tile kitchen floor, tiled full bath, and freshly painted interior.  Newly finished 3-season sunroom has sliders to deck, overlooking rear, fully-fenced yard with stunning stonework, a terraced retreat! Roof about 10 years old. Basement offers family room, workshop, convenient half bath, garage under!
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$170
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1968

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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: 4 months ago (MLSPIN #71512536)

Price History

Date / Event Date Event Price
Jun 13, 2013 Sold
Premium
Sold
Apr 22, 2013 Listed by Century 21 Hughes $279,500
Listed by Century 21 Hughes

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,080
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,523
  • Total Building Area: 1,648
  • Gross Building Area: 2,540
  • Building Area: 1,648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,648
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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:10 L:0231
  • Lot: 231
  • Municipality: SALEM
  • Latitude: 42.5145
  • Longitude: -70.9198

    Address

  • Full Address: 22 Gables Cir
  • Address - House Number: 22
  • Address - Street Name: Gables
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1238
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $611,400

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 652,940
  • High Value: 808,239
  • Low Value: 497,642

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $526,200
  • Assessed Land Value: $213,700
  • Assessed Improvements Value: $312,500

    Sales

  • Current Sale Recording Date: Jun 13, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 461
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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 months ago
Data Source: MLS PIN, MLS# 71512536

Frequently Asked Questions

When was property at 22 Gables Circle built and last sold?
The property at 22 Gables Circle was built in 1968 and last sold on Jan 1, 1970 for $290,000.
How much is this home worth?
The estimated value of the home located at 22 Gables Circle is $301,775.
What are some comparable homes to 22 Gables Circle?
There are currently no comparable homes to 22 Gables Circle.
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