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Salem 01970 South Salem
27 Circle Hill Rd
Photo of 27 Circle Hill Rd
Sold on Apr 30, 2025

35

Map

Photo of 27 Circle Hill Rd
Photo of 27 Circle Hill Rd
$640,000
● House - Off Market

27 Circle Hill Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,820 Ft²
$3,729
Est. Monthly
4.92%
Cap Rate

About This Property

Check out this gem in the highly sought-after Witchcraft Heights neighborhood!  Here you will find a 3-bedroom, 1.5-bath charmer with hardwood floors that bring a warm feeling to the space.  There is a bonus 15X24 family room that's perfect for movie nights and game days.  Unlike many of the homes in this neighborhood, there is a full basement providing plenty of storge.  This property comes with a large fenced-in backyard-perfect for BBQ's, pets, or just soaking up some sun.  The heating system has been well maintained, and the Superstor brand water heater installed just a few years ago!  A solid find in a great spot! Don't miss it!
Unit Size
1,820 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$357
Property Type
House
Property Taxes
$537
HOA Dues
-
Year Built
1969

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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: 2 years ago (MLSPIN #73349958)

Price History

Date / Event Date Event Price
Apr 30, 2025 Sold
Premium
Sold
Apr 5, 2025 In contract -
In contract
Mar 25, 2025 Listed $649,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,828
  • Total Building Area: 1,820
  • Gross Building Area: 2,732
  • Building Area: 1,820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,820
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000180
  • 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:09 L:0204
  • Lot: 204
  • Municipality: SALEM
  • Latitude: 42.5122
  • Longitude: -70.922

    Address

  • Full Address: 27 Circle Hill Rd
  • Address - House Number: 27
  • Address - Street Name: Circle Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1043
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $627,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 622,330
  • High Value: 720,630
  • Low Value: 524,030

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $540,300
  • Assessed Land Value: $215,200
  • Assessed Improvements Value: $325,100

    Sales

  • Current Sale Recording Date: Apr 07, 2017
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 194
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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73349958

Frequently Asked Questions

When was property at 27 Circle Hill Road built and last sold?
The property at 27 Circle Hill Road was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 27 Circle Hill Road is $659,561.
What are some comparable homes to 27 Circle Hill Road?
There are currently no comparable homes to 27 Circle Hill Road.
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