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Salem 01970 South Salem
22 Hillside Ave
Photo of 22 Hillside Ave
Sold on Sep 23, 2011

1

Map

$169,900
● House - Off Market

22 Hillside Ave

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
738 Ft²
$356,211
RealtyHop Estimate
109.66%
Since Oct 1, 2011
MA-Boston
Primary Model

About This Property

Wonderful cape on large lot with, HW flrs, 1 car garage.Desirable location near North Shore Medical Center and public transportation.  First Look Program expires July 31,2011; s on the market are open to owner occupant purchases. If available after this date seller will consider investor offers. Close by October 31, 2011 and receive up to 3.5 % of the sales price to be used for closing cost assistance! See firm remarks for Special offers & more details or ask me. Eligibility restrictions apply
Unit Size
738 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$230
Property Type
House
Property Taxes
$291
HOA Dues
-
Year Built
1930

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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: 3 months ago (MLSPIN #71258826)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
May 24, 2022 Listed by Tache Real Estate, Inc. $449,999
Listed by Tache Real Estate, Inc.
Jun 14, 2016 Sold
Premium
Sold
Apr 7, 2016 Listed by Tache Real Estate, Inc. $285,000
Listed by Tache Real Estate, Inc.
Sep 23, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 480
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,873
  • Total Building Area: 774
  • Gross Building Area: 1,606
  • Building Area: 774
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 774
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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:0426
  • Lot: 426
  • Municipality: SALEM
  • Latitude: 42.5146
  • Longitude: -70.9113

    Address

  • Full Address: 22 Hillside Ave
  • Address - House Number: 22
  • Address - Street Name: Hillside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C032
  • 4-Digit Zip Code: 1937
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $526,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 488,526
  • High Value: 527,748
  • Low Value: 449,303

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $452,800
  • Assessed Land Value: $190,500
  • Assessed Improvements Value: $262,300

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 638698
  • Previous Sale Recording Date: Jun 14, 2016
  • Previous Sale Contract Date: May 13, 2016
  • Previous Sale Amount: $280,000
  • 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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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: 3 months ago
Data Source: MLS PIN, MLS# 71258826

Frequently Asked Questions

When was property at 22 Hillside Avenue built and last sold?
The property at 22 Hillside Avenue was built in 1930 and last sold on Aug 19, 2022 for $447,000.
How much is this home worth?
The estimated value of the home located at 22 Hillside Avenue is $440,955.
What are some comparable homes to 22 Hillside Avenue?
There are currently no comparable homes to 22 Hillside Avenue.
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