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Longmeadow 01106
24 Salem Road
$513,000
● House - Off Market

24 Salem Road

Longmeadow, MA 01106
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,004 Ft²
$1,031,278
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

SOUGHT AFTER BLUEBERRY HILL AREA! THIS EXECUTIVE 4+ BR COLONIAL BOASTS 3000+ S. F., RECENT RENOVATIONS THROUGHOUT & IS SUPERBLY SITUATED ON CIRCLE NEAR SCHOOLS & SHOPS. CORIAN KIT. WITH BIRCH CABINETS. FR/FP, BLT.-INS & FRENCH DOORS TO HOME OFC. WAINSCOTING DETAILS IN DR & IN LR/FP. OVERS. MBR/ W. I. CLST., NEW GRANITE & CHERRY BA WITH NEW VANITY AREA. NEW GRANITE FAMILY BA. 2 SMALLER BR'S OFF 4TH BR. NEW 1ST FLR. LAV. 1ST FLR. LAUN. MANY WOOD FLRS. REC. RM./FP & BAR. NEW ROOF, C. AIR, SPRINK.++
Unit Size
3,004 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$176
Property Type
House
Property Taxes
$804
HOA Dues
-
Year Built
1963

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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 #71545868)

Price History

Date / Event Date Event Price
Oct 1, 2013 Sold
Premium
Sold
Jun 22, 2013 Listed by Keller Williams Realty $529,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,364
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,678
  • Total Building Area: 3,016
  • Gross Building Area: 4,942
  • Building Area: 3,016
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,016
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000498
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Longmeadow School District
  • School Tax School District: LONGMEADOW SD
  • Census Tract: 813303

Zoning

  • Zoning: RA1

Geography

  • Parcel: LONG M:0633 B:0003 L:0048
  • Block: 3
  • Lot: 48
  • Municipality: LONGMEADOW
  • Latitude: 42.0604
  • Longitude: -72.5649

    Address

  • Full Address: 24 Salem Rd
  • Address - House Number: 24
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Longmeadow
  • Carrier Code: C002
  • 4-Digit Zip Code: 1622
  • Zip Code: 01106

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,561,100

    Appraisal Valuation

  • Standard Deviation: 0.1862
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 75
  • Final Value: 726,921
  • High Value: 862,295
  • Low Value: 591,546

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $754,900
  • Assessed Land Value: $223,500
  • Assessed Improvements Value: $531,400

    Sales

  • Current Sale Recording Date: Oct 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 63091
  • Previous Sale Recording Date: Oct 01, 2013
  • Previous Sale Amount: $513,000
  • 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 Longmeadow

Stats & Trends

Median Asking:

$529,000

Sale Price/ft²

$254

Below Asking

0.01%

Average Days on Market

51

Average Home Size

2845 ft²

Average Home Age

74.8 years

Currently For Sale

30 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71545868

Frequently Asked Questions

When was property at 24 Salem Road built and last sold?
The property at 24 Salem Road was built in 1963 and last sold on Jan 1, 1970 for $513,000.
How much is this home worth?
The estimated value of the home located at 24 Salem Road is $542,104.
What are some comparable homes to 24 Salem Road?
There are currently no comparable homes to 24 Salem Road.
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