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Salem 01970 South Salem
23 Raymond Ave
$420,000
● House - Off Market

23 Raymond Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,414 Ft²
$597,480
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Well located in a great neighborhood is where you will find this 3 bedroom, 2 bath, ranch style home. In need of some updating but offering great space to work with. Large living room with fireplace which over looks the quiet street. The kitchen opens to the dining room and both offer access to a heated sun room/porch which over looks the private yard. There is a one car garage under and one additional space for parking off street. The lower level has great potential to be finished as a family room, game room or office area. There is wall to wall but under it appears to be hard wood in all the rooms.  Please summit offers By Monday at 5PM, good till Tuesday at 5PM
Unit Size
1,414 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$283
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1951

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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 months ago (MLSPIN #72284841)

Price History

Date / Event Date Event Price
Apr 6, 2018 Sold
Premium
Sold
Feb 22, 2018 Listed by MerryFox Realty $399,900
Listed by MerryFox Realty
Jan 1, 1977 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 7
  • Basement Area: 1,222
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,460
  • Total Building Area: 1,222
  • Gross Building Area: 2,606
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000148
  • 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:31 L:0228
  • Lot: 228
  • Municipality: SALEM
  • Latitude: 42.4997
  • Longitude: -70.8902

    Address

  • Full Address: 23 Raymond Ave
  • Address - House Number: 23
  • Address - Street Name: Raymond
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5322
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $620,500

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 614,524
  • High Value: 724,258
  • Low Value: 504,790

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $534,000
  • Assessed Land Value: $208,300
  • Assessed Improvements Value: $325,700

    Sales

  • Current Sale Recording Date: Apr 06, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180406003160
  • Previous Sale Recording Date: Jan 01, 1977
  • Previous Sale Amount: $47,500
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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:

$618,750

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2171 ft²

Average Home Age

83.9 years

Currently For Sale

33 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 months ago
Data Source: MLS PIN, MLS# 72284841

Frequently Asked Questions

When was property at 23 Raymond Avenue built and last sold?
The property at 23 Raymond Avenue was built in 1951 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 23 Raymond Avenue is $413,791.
What are some comparable homes to 23 Raymond Avenue?
There are currently no comparable homes to 23 Raymond Avenue.
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