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Salem 01970 Salem Neck
24 Lemon St
$205,000
● House - Off Market

24 Lemon St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,584 Ft²
$410,673
RealtyHop Estimate
74.75%
Since Nov 1, 2015
MA-Boston
Primary Model

About This Property

Great location a few blocks from the Salem Common! Home is at the end of the street overlooking the North River with direct access to path along the river.  Close to all that downtown Salem has to offer!  Minutes to the train, restaurants and shops. Great renovation project for contractors or handy persons. New chimney liner, boiler has been serviced regularly. Home is being sold in "as is" condition. All appliances excepting washing machine to remain with property.
Unit Size
1,584 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$148
Property Type
House
Property Taxes
$268
HOA Dues
-
Year Built
1800

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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 #71899080)

Price History

Date / Event Date Event Price
Oct 23, 2015 Sold
Premium
Sold
Sep 4, 2015 Listed by Keller Williams Realty $235,000
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,665
  • Total Building Area: 2,088
  • Gross Building Area: 4,222
  • Building Area: 2,088
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,088
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0044
  • Lot: 44
  • Municipality: SALEM
  • Latitude: 42.5286
  • Longitude: -70.8923

    Address

  • Full Address: 24 Lemon St
  • Address - House Number: 24
  • Address - Street Name: Lemon
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C008
  • 4-Digit Zip Code: 3940
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $709,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1567
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 709,499
  • High Value: 820,689
  • Low Value: 598,309

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $610,300
  • Assessed Land Value: $160,600
  • Assessed Improvements Value: $449,700

    Sales

  • Current Sale Recording Date: Oct 23, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 161
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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1477 ft²

Average Home Age

150.1 years

Currently For Sale

14 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# 71899080

Frequently Asked Questions

When was property at 24 Lemon Street built and last sold?
The property at 24 Lemon Street was built in 1800 and last sold on Jan 1, 1970 for $205,000.
How much is this home worth?
The estimated value of the home located at 24 Lemon Street is $519,068.
What are some comparable homes to 24 Lemon Street?
There are currently no comparable homes to 24 Lemon Street.
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