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Salem 01970 South Salem
28 Cabot Street
Photo of 28 Cabot Street
Sold on Jul 20, 2007

1

Map

$282,500
● House - Off Market

28 Cabot Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,469 Ft²
$560,319
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Adorable 3 bedroom home on a quiet street with many details including high ceilings, wide pine floors and great closet space. Sunny living room and separate dining room are great for entertaining.  There is also a 1st floor office.  The second floor has three nice size bedrooms with unbelievable closet space, a large landing area with a cozy nook for reading or a computer station, and a renovated full bathroom.  Many additional updates include the roof, windows, hot water tank, and back deck.
Unit Size
1,469 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$204
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1895

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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: 5 months ago (MLSPIN #70573139)

Price History

Date / Event Date Event Price
Jul 20, 2007 Sold
Premium
Sold
May 7, 2007 Listed $299,000
Listed
Feb 25, 1999 Sold
Premium
Sold
Dec 8, 1998 Listed $139,900
Listed

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1895
  • Effective Year Built: 1895
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 851
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,278
  • Total Building Area: 1,599
  • Gross Building Area: 2,574
  • Building Area: 1,599
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,599
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000052
  • 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: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:33 L:0194
  • Lot: 194
  • Municipality: SALEM
  • Latitude: 42.5129
  • Longitude: -70.8949

    Address

  • Full Address: 28 Cabot St
  • Address - House Number: 28
  • Address - Street Name: Cabot
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C011
  • 4-Digit Zip Code: 4848
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $495,700

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 576,209
  • High Value: 764,888
  • Low Value: 387,529

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $426,600
  • Assessed Land Value: $151,000
  • Assessed Improvements Value: $275,600

    Sales

  • Current Sale Recording Date: Jul 20, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 25, 1999
  • Previous Sale Amount: $134,000
  • 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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2133 ft²

Average Home Age

83.7 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 70573139

Frequently Asked Questions

When was property at 28 Cabot Street built and last sold?
The property at 28 Cabot Street was built in 1895 and last sold on Jan 1, 1970 for $282,500.
How much is this home worth?
The estimated value of the home located at 28 Cabot Street is $310,745.
What are some comparable homes to 28 Cabot Street?
There are currently no comparable homes to 28 Cabot Street.
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