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Salem 01970 South Salem
26 Gables Circle
$720,000
● House - Off Market

26 Gables Circle

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,992 Ft²
$639,121
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to this well maintained, 4 bedroom Colonial in the desirable Witchcraft Heights.  If you like to cook you'll enjoy the updated kitchen which includes a Viking Stove,  front paneled Sub Zero refrigerator, custom Rock Maple cabinets and granite countertops.  You'll enjoy the large front to back living room with a warm and inviting custom built gas lit fireplace.  The outdoor space offers a composite deck, fenced in yard, Reed Ferry shed, beautiful seasonal gardens and plenty of space for entertaining.  First showings start at the Open House on Friday, April 1st from 4pm - 6pm.
Unit Size
1,992 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$316
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1967

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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 #72953896)

Price History

Date / Event Date Event Price
Jun 23, 2022 Sold
Premium
Sold
Mar 30, 2022 Listed by Keller Williams Realty Evolution $629,000
Listed by Keller Williams Realty Evolution
Nov 30, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,815
  • Total Building Area: 1,992
  • Gross Building Area: 2,648
  • Building Area: 1,992
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,992
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:10 L:0229
  • Lot: 229
  • Municipality: SALEM
  • Latitude: 42.5141
  • Longitude: -70.9197

    Address

  • Full Address: 26 Gables Cir
  • Address - House Number: 26
  • Address - Street Name: Gables
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1238
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $691,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 667,688
  • High Value: 773,152
  • Low Value: 562,224

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $594,700
  • Assessed Land Value: $215,100
  • Assessed Improvements Value: $379,600

    Sales

  • Current Sale Contract Date: Jun 23, 2022
  • Current Sale Recording Date: Jun 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220623003390
  • Previous Sale Recording Date: Nov 30, 1990
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 27
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:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72953896

Frequently Asked Questions

When was property at 26 Gables Circle built and last sold?
The property at 26 Gables Circle was built in 1967 and last sold on Jun 23, 2022 for $720,000.
How much is this home worth?
The estimated value of the home located at 26 Gables Circle is $647,165.
What are some comparable homes to 26 Gables Circle?
There are currently no comparable homes to 26 Gables Circle.
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