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Salem 01970 North Salem
26 Buffum Street
$737,000
● House - Off Market

26 Buffum Street

Salem, MA 01970
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,395 Ft²
$1,071,362
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

One of Salem's finest examples of Victorian homes, 26 Buffum Street offers a great combination of stately elegance and comfortable living.  Exquisitely appointed rooms, soaring ceilings, formal living and dining rooms, comfortable family room, fireplaces, 2 car garage, fenced yard, 5 bedrooms, beautiful staircases, huge mudroom....the list goes on and on.  Seller's have redone 2nd floor bathroom, fully landscaped and fenced back yard, repaved driveway, plus many, many other updates to improve the appearance and living standards of the home.  3rd floor features a master suite with 2 closets and a sitting area.  Conveniently located close to the MBTA, downtown Salem, restaurants, boutique shopping, yet easy access to highways as well.  Enjoy the Metropolitan lifestyle of Salem in a serene and quiet surrounding.
Unit Size
3,395 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$221
Property Type
House
Property Taxes
$717
HOA Dues
-
Year Built
1890

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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 #72588605)

Price History

Date / Event Date Event Price
Jan 3, 2020 Sold
Premium
Sold
Nov 5, 2019 Listed by MerryFox Realty $749,000
Listed by MerryFox Realty
Dec 16, 2016 Sold
Premium
Sold
Sep 12, 2016 Listed by MerryFox Realty $599,000
Listed by MerryFox Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,457
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 3,395
  • Gross Building Area: 5,703
  • Building Area: 3,395
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,395
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:26 L:0360
  • Lot: 360
  • Municipality: SALEM
  • Latitude: 42.527
  • Longitude: -70.9031

    Address

  • Full Address: 26 Buffum St
  • Address - House Number: 26
  • Address - Street Name: Buffum
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C014
  • 4-Digit Zip Code: 2308
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,014,200

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,008,367
  • High Value: 1,225,987
  • Low Value: 790,748

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $872,800
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $677,800

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Jan 03, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200103001710
  • Previous Sale Recording Date: Dec 16, 2016
  • Previous Sale Amount: $599,000
  • Previous Sale Document Type: O
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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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# 72588605

Frequently Asked Questions

When was property at 26 Buffum Street built and last sold?
The property at 26 Buffum Street was built in 1890 and last sold on Dec 12, 2019 for $737,000.
How much is this home worth?
The estimated value of the home located at 26 Buffum Street is $751,096.
What are some comparable homes to 26 Buffum Street?
There are currently no comparable homes to 26 Buffum Street.
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