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Rockingham
248 Shadow Lake Road
Listed by: Jill O'Shaughnessy, Jill & Co Realty Group, Selling Office: Century 21 McLennan and Company, Listing Courtesy of Prime MLS
$650,000
● House - Off Market

248 Shadow Lake Road

Salem, NH 03079
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,540 Ft²
$861,441
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model

About This Property

SALEM NH NEW CONSTRUCTION - A RARE FIND! Set upon a private 2 acre lot, come build your custom home right here. This plan features a stunning exterior, 3 car garage, spacious eat-in kitchen, grand living room with vaulted ceilings, and additional study or formal dining room. The 2nd floor includes the master en-suite and 2 additional bedrooms. Work with the area's premier builder who has completed various developments throughout Salem and Windham. Bring your own plans or build this one. Don't let this pass by, as there is not much land left to build in Salem.
Unit Size
2,540 Ft²
Days on Market
-
Land Size
2.02 acres
Price per sqft
$256
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

Payment Calculator (Computations Provided by RealtyHop)

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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: 3 years ago (Prime MLS #4796844)

Price History

Date / Event Date Event Price
Nov 23, 2020 Sold
Premium
Sold
May 29, 2020 Sold
Premium
Sold
Mar 11, 2020 Sold
Premium
Sold
Mar 6, 2020 Listed by Jill & Co Realty Group $649,900
Listed by Jill & Co Realty Group

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • 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
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,288
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,991
  • Total Building Area: 2,516
  • Gross Building Area: 5,390
  • Building Area: 2,516
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,516
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002020
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100100

Zoning

  • Zoning: RUR

Geography

  • Parcel: SLEM M:20 B:12567 L:
  • Block: 12567
  • Municipality: SALEM
  • Latitude: 42.8295
  • Longitude: -71.2336

    Address

  • Full Address: 248 Shadow Lake Rd
  • Address - House Number: 248
  • Address - Street Name: Shadow Lake
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Salem
  • Carrier Code: R006
  • 4-Digit Zip Code: 1443
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,061,000

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 829,263
  • High Value: 972,365
  • Low Value: 686,161

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $625,585
  • Assessed Land Value: $129,885
  • Assessed Improvements Value: $495,700

    Sales

  • Current Sale Contract Date: May 29, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20024637
  • Previous Sale Recording Date: Mar 11, 2020
  • Previous Sale Contract Date: Mar 11, 2020
  • Previous Sale Amount: $220,000
  • 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:

$625,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2911 ft²

Average Home Age

49.2 years

Currently For Sale

1038 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

Rentals Near You

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Prime

Listed by: Jill O'Shaughnessy, Jill & Co Realty Group
Last Updated Date: 2020-12-19
Last Checked: -2 hour ago
Data Source: Prime MLS, MLS# 4796844
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 248 Shadow Lake Road built and last sold?
The property at 248 Shadow Lake Road was built in 2020 and last sold on May 29, 2020 for $195,000.
How much is this home worth?
The estimated value of the home located at 248 Shadow Lake Road is $0.
What are some comparable homes to 248 Shadow Lake Road?
There are currently no comparable homes to 248 Shadow Lake Road.
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