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Salem 01970 North Salem
28 Beaver St
$445,000
● House - Off Market

28 Beaver St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,251 Ft²
$483,253
RealtyHop Estimate
7.39%
Since Feb 1, 2023
MA-Boston
Primary Model

About This Property

Welcome home to this 3 Bedroom, 2 Full Bathroom colonial in a very quiet neighborhood a short distance from the train station and downtown. The first floor features a large living room, an eat-in kitchen, and a 1st floor bedroom / full bathroom addition that was added 17 years ago.  The 2nd floor features two bedrooms and another full bathroom.  The house sits on a large lot with a large grass front yard and a large driveway.  Recent work done was the hot water heater 6 months old, the boiler serviced and circulation pump replaced 6 months ago.  House was painted last year. The property is on a double lot.
Unit Size
1,251 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$360
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1992

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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 #73054474)

Price History

Date / Event Date Event Price
Feb 14, 2023 Sold
Premium
Sold
Dec 11, 2022 In contract -
In contract
Nov 2, 2022 Listed by Liberty Residential Realty, LLC $450,000
Listed by Liberty Residential Realty, LLC
Sep 9, 2019 Sold
Premium
Sold
Oct 25, 1985 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 512
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,136
  • Total Building Area: 1,251
  • Gross Building Area: 1,763
  • Building Area: 1,251
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,251
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • 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: R2

Geography

  • Parcel: SALE M:16 L:0229
  • Lot: 229
  • Municipality: SALEM
  • Latitude: 42.5218
  • Longitude: -70.9128

    Address

  • Full Address: 28 Beaver St
  • Address - House Number: 28
  • Address - Street Name: Beaver
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1404
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $559,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 530,663
  • High Value: 625,422
  • Low Value: 435,904

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $481,100
  • Assessed Land Value: $162,500
  • Assessed Improvements Value: $318,600

    Sales

  • Current Sale Contract Date: Jan 26, 2023
  • Current Sale Recording Date: Feb 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 21
  • Current Sale Input Document Number: 20230214000320
  • Previous Sale Recording Date: Jan 24, 2023
  • Previous Sale Contract Date: Jan 23, 2023
  • Previous Sale Amount: $450,000
  • 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# 73054474

Frequently Asked Questions

When was property at 28 Beaver Street built and last sold?
The property at 28 Beaver Street was built in 1992 and last sold on Jan 26, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 28 Beaver Street is $458,199.
What are some comparable homes to 28 Beaver Street?
There are currently no comparable homes to 28 Beaver Street.
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