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Salem 01970 South Salem
3 Bow St
$405,000
● House - Off Market

3 Bow St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,707 Ft²
$570,344
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Charming cape located in desirable Witchcraft Heights, minutes from the vibrant restaurant scene and historic sights that downtown Salem offers. The large, level, fenced yard is perfect for lawn games, and the brick patio makes for a great spot to grill up some summer cooking. The spacious kitchen is ideal for entertaining with an oversized island and plenty of cabinet storage, and your housewarming party extends down to the finished basement with custom woodwork and bar. The three large bedrooms on the upper level have abundant natural light, bringing warmth to your new home. Your commute to Boston is hassle-free, with easy access to the commuter rail and Rt 1.
Unit Size
1,707 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$234
Property Type
House
Property Taxes
$461
HOA Dues
-
Year Built
1880

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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 #72467916)

Price History

Date / Event Date Event Price
May 3, 2019 Sold
Premium
Sold
Mar 20, 2019 Listed by William Raveis R.E. & Home Services $399,000
Listed by William Raveis R.E. & Home Services
Jul 15, 2013 Sold
Premium
Sold
Mar 26, 2013 Listed by William Raveis R.E. & Home Services $259,000
Listed by William Raveis R.E. & Home Services
Mar 25, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 644
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,217
  • Total Building Area: 1,707
  • Gross Building Area: 2,302
  • Building Area: 1,707
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,707
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000097
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:16 L:0024
  • Lot: 24
  • Municipality: SALEM
  • Latitude: 42.5216
  • Longitude: -70.9179

    Address

  • Full Address: 3 Bow St
  • Address - House Number: 3
  • Address - Street Name: Bow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1113
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $638,800

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 618,396
  • High Value: 767,455
  • Low Value: 469,336

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $549,700
  • Assessed Land Value: $191,200
  • Assessed Improvements Value: $358,500

    Sales

  • Current Sale Contract Date: May 02, 2019
  • Current Sale Recording Date: May 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190503001250
  • Previous Sale Recording Date: Jul 15, 2013
  • Previous Sale Amount: $253,000
  • Previous Sale Document Type: O
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72467916

Frequently Asked Questions

When was property at 3 Bow Street built and last sold?
The property at 3 Bow Street was built in 1880 and last sold on May 2, 2019 for $405,000.
How much is this home worth?
The estimated value of the home located at 3 Bow Street is $416,422.
What are some comparable homes to 3 Bow Street?
There are currently no comparable homes to 3 Bow Street.
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