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Salem 01970 North Salem
28 Phillips St
$450,000
● House - Off Market

28 Phillips St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,325 Ft²
$481,685
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Lovingly owned for over 50 years NOW is your chance to buy an affordable single family located in desirable Mack Park area. Six room/three bedroom home with charm. Walk in to your entryway with GLEAMING hardwood floors. French door leading to your living room with built-ins and hardwood flooring. Large Sun drenched eat in kitchen with pantry. Option for den/office or dining room off of kitchen with HW floors and ceiling fan.  Back mudroom with double coat closet.  Upstairs has three bedrooms all with hardwood flooring. Updated bathroom with tile flooring, bathtub with subway tiled walls. NEW driveway for off street parking. Unexpectedly large PRIVATE back yard for those family BBQS. Convenient location!! Close to Peabody, highways or a short walk to the MBTA.
Unit Size
1,325 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$320
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1930

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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 years ago (MLSPIN #72891398)

Price History

Date / Event Date Event Price
Oct 27, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by Coldwell Banker Realty - Concord $424,000
Listed by Coldwell Banker Realty - Concord

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 815
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,082
  • Total Building Area: 1,151
  • Gross Building Area: 2,403
  • Building Area: 1,151
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,151
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000094
  • 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:16 L:0257
  • Lot: 257
  • Municipality: SALEM
  • Latitude: 42.526
  • Longitude: -70.9119

    Address

  • Full Address: 28 Phillips St
  • Address - House Number: 28
  • Address - Street Name: Phillips
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C017
  • 4-Digit Zip Code: 1538
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $515,500

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 533,717
  • High Value: 632,128
  • Low Value: 435,306

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $443,600
  • Assessed Land Value: $190,500
  • Assessed Improvements Value: $253,100

    Sales

  • Current Sale Contract Date: Oct 27, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211027003680
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

$422

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1635 ft²

Average Home Age

98.2 years

Currently For Sale

20 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 years ago
Data Source: MLS PIN, MLS# 72891398

Frequently Asked Questions

When was property at 28 Phillips Street built and last sold?
The property at 28 Phillips Street was built in 1930 and last sold on Oct 27, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 28 Phillips Street is $437,370.
What are some comparable homes to 28 Phillips Street?
There are currently no comparable homes to 28 Phillips Street.
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