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Salem 01970 South Salem
27 Barnes Rd
$510,500
● House - Off Market

27 Barnes Rd

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
884 Ft²
$458,785
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Just renovated turn key home set in charming South Salem neighborhood. Enter into the spacious open concept living and dining room, perfect for entertaining.  Enjoy the warmth from the fire every evening in the cozy living room.  The eat-in kitchen features new cabinets and granite countertops. Cooking is a breeze with brand new easy to keep clean smudge proof stainless steel appliances.  Two spacious bedrooms and the bright bathroom with shower/tub and large linen closet complete the single level living layout.  Full basement with laundry hookups. Easy to maintain ranch with garage and shed in yard for extra storage.  Convenient location close to shopping, restaurants, and public transportation.
Unit Size
884 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$509
Property Type
House
Property Taxes
$338
HOA Dues
-
Year Built
1957

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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 #72953202)

Price History

Date / Event Date Event Price
Apr 22, 2022 Sold
Premium
Sold
Mar 15, 2022 Listed by J. Barrett & Company $449,900
Listed by J. Barrett & Company
Dec 13, 2021 Sold
Premium
Sold
Jan 1, 1978 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 884
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,752
  • Total Building Area: 884
  • Gross Building Area: 1,768
  • Building Area: 884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 884
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:07 L:0011
  • Lot: 11
  • Municipality: SALEM
  • Latitude: 42.4949
  • Longitude: -70.9296

    Address

  • Full Address: 27 Barnes Rd
  • Address - House Number: 27
  • Address - Street Name: Barnes
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1734
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,700

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 500,916
  • High Value: 593,279
  • Low Value: 408,554

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,300
  • Assessed Land Value: $175,900
  • Assessed Improvements Value: $246,400

    Sales

  • Current Sale Contract Date: Apr 22, 2022
  • Current Sale Recording Date: Apr 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 635635
  • Previous Sale Recording Date: Dec 13, 2021
  • Previous Sale Contract Date: Dec 09, 2021
  • Previous Sale Amount: $200,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72953202

Frequently Asked Questions

When was property at 27 Barnes Road built and last sold?
The property at 27 Barnes Road was built in 1957 and last sold on Apr 22, 2022 for $510,500.
How much is this home worth?
The estimated value of the home located at 27 Barnes Road is $453,657.
What are some comparable homes to 27 Barnes Road?
There are currently no comparable homes to 27 Barnes Road.
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