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Salem 01970 South Salem
22-R West Ave
$430,000
● House - Off Market

22-R West Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,816 Ft²
$473,051
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

Open House 10/10 & 10/11 from 11am - 1pm by Appointment. Come see this great home! Tucked away in a private dead end cul-de-sac this 6 room, 4 bed Cape with over 1800 Sq/Ft of living space. Close to everything, down the street from Forest River Park & 1 block away from Salem State University! Large eat in Kitchen, Great yard with above ground pool, & large deck for entertaining, Half finished basement perfect for a quiet living/TV room, Air Conditioning Splits throughout the home, Solar panels for efficient green energy all summer long, Fenced in yard & Above Ground Pool, Wood Pellet Stove! Make sure you check out the 3D fly through tour of the property - https://my.matterport.com/show/?m=GYxge8vNe6j
Unit Size
1,816 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$204
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1950

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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 #72737118)

Price History

Date / Event Date Event Price
Nov 30, 2020 Sold
Premium
Sold
Oct 3, 2020 Listed by Armstrong Field Real Estate $369,900
Listed by Armstrong Field Real Estate
Aug 30, 1999 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 8
  • Basement Area: 916
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 4,696
  • Total Building Area: 1,816
  • Gross Building Area: 3,101
  • Building Area: 1,816
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,816
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GEORGE A & ELIZABETH M GUY
  • Land Acres: 0000000108
  • 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:0291
  • Lot: 291
  • Municipality: SALEM
  • Latitude: 42.5056
  • Longitude: -70.8889

    Address

  • Full Address: 22r West Ave
  • Address - House Number: 22r
  • Address - Street Name: West
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C041
  • 4-Digit Zip Code: 5454
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $536,700

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 584,380
  • High Value: 691,454
  • Low Value: 477,306

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,900
  • Assessed Land Value: $174,200
  • Assessed Improvements Value: $287,700

    Sales

  • Current Sale Contract Date: Nov 09, 2020
  • Current Sale Recording Date: Nov 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201130004350
  • Previous Sale Recording Date: Aug 30, 1999
  • Previous Sale Amount: $165,000
  • Previous Sale Document Type: 27
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

57

Average Home Size

2148 ft²

Average Home Age

85.2 years

Currently For Sale

36 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# 72737118

Frequently Asked Questions

When was property at 22 West Avenue built and last sold?
The property at 22 West Avenue was built in 1950 and last sold on Nov 9, 2020 for $430,000.
How much is this home worth?
The estimated value of the home located at 22 West Avenue is $0.
What are some comparable homes to 22 West Avenue?
There are currently no comparable homes to 22 West Avenue.
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