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Salem 01970 South Salem
29 Jackson St
$295,000
● House - Off Market

29 Jackson St

Salem, MA 01970
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,647 Ft²
$434,105
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Please come to our open house Sunday May 22nd 11-12:30 ....   own in a desirable area of Salem close to the center!....Built only 20 years ago, this sunny 2 bedroom raised ranch with private rear deck presents a rare opportunity for the right 'buyer'...walk to downtown cafes, shops and restaurants....library, and wharf area  etc. etc.. Short walk to commuter rail to Boston.  Schools, playground and  Salem Hospital are nearby.  It's only a few minutes drive to Forest River Park and the beach! Partly finished lower level presents an opportunity for a "family room" area and includes a functioning bathroom waiting for finishing work...an excellent value as you shall see.....
Unit Size
1,647 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$158
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1995

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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 #72006696)

Price History

Date / Event Date Event Price
Jun 30, 2016 Sold
Premium
Sold
May 17, 2016 Listed by Indeck Real Estate $259,500
Listed by Indeck Real Estate
Feb 6, 1996 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 925
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,242
  • Total Building Area: 999
  • Gross Building Area: 2,124
  • Building Area: 999
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 999
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRIE A KETCHUM
  • Land Acres: 0000000143
  • 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:25 L:0278
  • Lot: 278
  • Municipality: SALEM
  • Latitude: 42.5154
  • Longitude: -70.9028

    Address

  • Full Address: 29 Jackson St
  • Address - House Number: 29
  • Address - Street Name: Jackson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 3040
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,100

    Appraisal Valuation

  • Standard Deviation: 0.1902
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 532,460
  • High Value: 633,748
  • Low Value: 431,173

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,100
  • Assessed Land Value: $182,500
  • Assessed Improvements Value: $323,600

    Sales

  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 706
  • Previous Sale Recording Date: Feb 06, 1996
  • Previous Sale Amount: $132,500
  • 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

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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# 72006696

Frequently Asked Questions

When was property at 29 Jackson Street built and last sold?
The property at 29 Jackson Street was built in 1995 and last sold on Jan 1, 1970 for $295,000.
How much is this home worth?
The estimated value of the home located at 29 Jackson Street is $282,897.
What are some comparable homes to 29 Jackson Street?
There are currently no comparable homes to 29 Jackson Street.
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