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Salem 01970 North Salem
28 Lee St
$375,000
● House - Off Market

28 Lee St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,653 Ft²
$689,484
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Location! Desirable North Salem neighborhood. Beautiful center entrance Colonial with fantastic curb appeal. Updated eat-in kitchen. Front to back living room with working fireplace. Heated sun room and renewed screened in porch. Gorgeous hardwood floors and fresh paint throughout.  Replacement energy efficient windows and blown in insulation. Walk-up attic. Full unfinished basement with 200 amp electric service, new oil tank and hot water heater. Corner lot. Two-car garage.  Exceptional neighborhood with parks, walking, and easy access to highways, T station, shopping and town.  Don't wait, come check out this amazing property today!  Showings start at open house Sunday 6/29 from 11:30-1:00.
Unit Size
1,653 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$230
Property Type
House
Property Taxes
$470
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71705048)

Price History

Date / Event Date Event Price
Aug 15, 2014 Sold
Premium
Sold
Jun 25, 2014 Listed by RE/MAX Advantage Real Estate $379,900
Listed by RE/MAX Advantage Real Estate
Jul 30, 2010 Sold
Premium
Sold
Apr 28, 2010 Listed by RE/MAX Advantage Real Estate $349,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 816
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,564
  • Total Building Area: 1,506
  • Gross Building Area: 3,173
  • Building Area: 1,506
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,506
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KERNWOOD TRUST
  • Land Acres: 0000000151
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0527
  • Lot: 527
  • Municipality: SALEM
  • Latitude: 42.5327
  • Longitude: -70.9011

    Address

  • Full Address: 28 Lee St
  • Address - House Number: 28
  • Address - Street Name: Lee
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2422
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $661,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 654,604
  • High Value: 768,225
  • Low Value: 540,984

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $569,500
  • Assessed Land Value: $208,900
  • Assessed Improvements Value: $360,600

    Sales

  • Current Sale Recording Date: Aug 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 81500197
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Amount: $341,000
  • 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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$425

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1610 ft²

Average Home Age

96.7 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# 71705048

Frequently Asked Questions

When was property at 28 Lee Street built and last sold?
The property at 28 Lee Street was built in 1920 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 28 Lee Street is $395,962.
What are some comparable homes to 28 Lee Street?
There are currently no comparable homes to 28 Lee Street.
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