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Rockingham
22 Orchard Terrace
$290,000
● House - Off Market

22 Orchard Terrace

Salem, NH 03079
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
925 Ft²
$412,208
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

New Listing and Must See! A Beautiful Bungalow with a Brand New 12 x 24 addition located in a quiet neighborhood on a dead-end street. The exterior features of the home provide you with the perfect setting for your summer gatherings with the fenced-in backyard that includes the Brand New patio, fire pit, nice landscaping, and oversized shed for storage. The Brand New addition includes a living room and bedroom both with vaulted ceilings and a 3/4 bathroom. The kitchen update features include granite and stainless appliances. Throughout the home is fresh paint that makes it bright and clean! The master bedroom includes double closets with organizers. The Recent renovations include NEW roof (2020), NEW 100 amp Electrical panel, NEW floors, driveway resealed and so much more! Nothing to do but move in!
Unit Size
925 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$318
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1955

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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: 5 months ago (MLSPIN #72647986)

Price History

Date / Event Date Event Price
Jan 10, 2024 Sold
Premium
Sold
Nov 30, 2023 Listed by Coco, Early & Associates $389,900
Listed by Coco, Early & Associates
Jun 21, 2021 Sold
Premium
Sold
May 21, 2021 Listed by Coco, Early & Associates $325,000
Listed by Coco, Early & Associates
Jun 22, 2020 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 864
  • Gross Building Area: 2,016
  • Building Area: 864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100301

Zoning

  • Zoning: RES

Geography

  • Parcel: SLEM M:71 B:3335 L:
  • Block: 3335
  • Municipality: SALEM
  • Latitude: 42.794
  • Longitude: -71.2438

    Address

  • Full Address: 22 Orchard Ter
  • Address - House Number: 22
  • Address - Street Name: Orchard
  • Address - Suffix Type: Ter
  • State: NH
  • City Name: Salem
  • Carrier Code: C020
  • 4-Digit Zip Code: 2026
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $531,900

    Appraisal Valuation

  • Standard Deviation: 0.1264
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 85
  • Final Value: 438,904
  • High Value: 494,395
  • Low Value: 383,413

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $313,600
  • Assessed Land Value: $130,400
  • Assessed Improvements Value: $183,200

    Sales

  • Current Sale Contract Date: Jan 10, 2024
  • Current Sale Recording Date: Jan 10, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 24000812
  • Previous Sale Recording Date: Jun 21, 2021
  • Previous Sale Contract Date: Jun 18, 2021
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 71
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 Rockingham

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$253

Below Asking

0.01%

Average Days on Market

55

Average Home Size

3042 ft²

Average Home Age

48.3 years

Currently For Sale

783 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 18 Artisan, Salem, 03079

$5,200 /mo

  • 2 Beds
  • 2 Baths
  • 1,166 ft²
18 Artisan #UNIT207, Salem, 03079 Listing by Sterling Seymour
Unit for rent at 8 Lancelot, Salem, 03079

$2,200 /mo

  • 2 Beds
  • 1 Bath
  • 916 ft²
8 Lancelot #17, Salem, 03079 Listing by Caroleann M. Ohannessian

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72647986

Frequently Asked Questions

When was property at 22 Orchard Terrace built and last sold?
The property at 22 Orchard Terrace was built in 1955 and last sold on Jan 10, 2024 for $390,000.
How much is this home worth?
The estimated value of the home located at 22 Orchard Terrace is $382,910.
What are some comparable homes to 22 Orchard Terrace?
There are currently no comparable homes to 22 Orchard Terrace.
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