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Rockingham
29 Shadow Lake Road
Listed by: Faith Napier, Coldwell Banker Realty Derry NH, Selling Office: DiPietro Group Real Estate, Listing Courtesy of Prime MLS
$465,000
● House - Off Market

29 Shadow Lake Road

Salem, NH 03079
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,864 Ft²
$350,487
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Multi-Family opportunity in Salem, NH! Great commuter location, minutes to Route 93, this home offers two, two bedroom units! The home could use some cosmetic attention and updates. The first floor unit has a kitchen with dining and a living room with an egress that accesses the entry to the second floor unit and the front yard. The second floor unit has a large living area that is open to the eat-in kitchen. Outside of the home is a paved driveway that can accommodate four+ cars. This home sits on a nice .44 acre lot. Great option for investors, owner-occupied, or handy persons! Property being sold in as-is condition.
Unit Size
1,864 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$188
Property Type
House
Property Taxes
$468
HOA Dues
-
Year Built
1954

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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: 3 years ago (Prime MLS #4954644)

Price History

Date / Event Date Event Price
Jun 16, 2023 Sold
Premium
Sold
May 17, 2023 Listed by Coldwell Banker Realty Derry NH $349,900
Listed by Coldwell Banker Realty Derry NH

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 1,864
  • Gross Building Area: 2,800
  • Building Area: 1,864
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,864
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100100

Zoning

  • Zoning: RUR

Geography

  • Parcel: SLEM M:45 B:6491 L:
  • Block: 6491
  • Municipality: SALEM
  • Latitude: 42.8093
  • Longitude: -71.244

    Address

  • Full Address: 29 Shadow Lake Rd
  • Address - House Number: 29
  • Address - Street Name: Shadow Lake
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Salem
  • Carrier Code: R008
  • 4-Digit Zip Code: 1400
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $596,500

    Appraisal Valuation

  • Standard Deviation: 0.1721
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 490,024
  • High Value: 574,360
  • Low Value: 405,688

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,700
  • Assessed Land Value: $141,800
  • Assessed Improvements Value: $209,900

    Sales

  • Current Sale Contract Date: Jun 14, 2023
  • Current Sale Recording Date: Jun 16, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 23017060
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 Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$250

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2900 ft²

Average Home Age

49.8 years

Currently For Sale

1007 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

Rentals Near You

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Prime

Listed by: Faith Napier, Coldwell Banker Realty Derry NH
Last Updated Date: 2023-06-14
Last Checked: -2 hour ago
Data Source: Prime MLS, MLS# 4954644
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 29 Shadow Lake Road built and last sold?
The property at 29 Shadow Lake Road was built in 1954 and last sold on Jun 14, 2023 for $465,000.
How much is this home worth?
The estimated value of the home located at 29 Shadow Lake Road is $0.
What are some comparable homes to 29 Shadow Lake Road?
There are currently no comparable homes to 29 Shadow Lake Road.
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