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Salem 01970 North Salem
29 School St
$370,000
● House - Off Market

29 School St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,326 Ft²
$708,441
RealtyHop Estimate
91.73%
Since Feb 1, 2014
MA-Boston
Primary Model

About This Property

Charming 1898 Gingerbread Cottage located in a desirable North Salem neighborhood. Beautiful paved driveway and intimate deck overlooking the beautiful courtyard and lovely landscaping. This home has appeared on Salem Historic Tours and is finished beautifully. Beautiful hardwood floors throughout, and a recently updated interior makes this the perfect turn-key historic home.
Unit Size
1,326 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$279
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1898

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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 #71599673)

Price History

Date / Event Date Event Price
Jan 6, 2014 Sold
Premium
Sold
Oct 22, 2013 Listed by J. Barrett & Company $369,500
Listed by J. Barrett & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1898
  • Effective Year Built: 1898
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 783
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,144
  • Total Building Area: 1,326
  • Gross Building Area: 2,757
  • Building Area: 1,326
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,326
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:27 L:0057
  • Lot: 57
  • Municipality: SALEM
  • Latitude: 42.5277
  • Longitude: -70.9052

    Address

  • Full Address: 29 School St
  • Address - House Number: 29
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C014
  • 4-Digit Zip Code: 2335
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $677,200

    Appraisal Valuation

  • Standard Deviation: 0.2148
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 646,321
  • High Value: 785,149
  • Low Value: 507,493

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,800
  • Assessed Land Value: $195,700
  • Assessed Improvements Value: $387,100

    Sales

  • Current Sale Recording Date: Jan 06, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 445
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

51

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# 71599673

Frequently Asked Questions

When was property at 29 School Street built and last sold?
The property at 29 School Street was built in 1898 and last sold on Jan 1, 1970 for $370,000.
How much is this home worth?
The estimated value of the home located at 29 School Street is $382,409.
What are some comparable homes to 29 School Street?
There are currently no comparable homes to 29 School Street.
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