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Salem 01970 South Salem
Lot 3 Circle Hill Road
$200,000
● Land - Off Market

Lot 3 Circle Hill Road

Salem, MA 01970
bedrooms
Studio
bathrooms
0 Bath
$409,227
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

New cul-de-sac, serene, walking trails, open space, natural habitat surroundings.  Best home sites in Salem.  Easy access to Marlborough Road.  Price includes all site and prep work.
Unit Size
-
Days on Market
-
Land Size
0.39 acres
Price per sqft
-
Property Type
Land
Property Taxes
$64
HOA Dues
-
Year Built
1968

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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 #72012920)

Price History

Date / Event Date Event Price
Dec 31, 2020 Sold
Premium
Sold
Nov 25, 2020 Listed by Tache Real Estate, Inc. $449,900
Listed by Tache Real Estate, Inc.
Dec 12, 2016 Sold
Premium
Sold
May 27, 2016 Listed by Tache Real Estate, Inc. $249,000
Listed by Tache Real Estate, Inc.
New cul-de-sac, serene, walking trails, open space, natural habitat surroundings. Best home sites in Salem. Easy access to Marlborough Road. Price includes all site and prep work.
Aug 20, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • 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: 19
  • Exterior Walls Type: 18
  • 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: 1,012
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,663
  • Gross Building Area: 2,246
  • Building Area: 1,663
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,663
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITCHCRAFT HEIGHTS 03
  • Land Acres: 0000000161
  • 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:09 L:0193
  • Lot: 193
  • Municipality: SALEM
  • Latitude: 42.5131
  • Longitude: -70.9201

    Address

  • Full Address: 3 Circle Hill Rd
  • Address - House Number: 3
  • Address - Street Name: Circle Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1213
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $676,600

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 660,317
  • High Value: 764,617
  • Low Value: 556,017

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $582,300
  • Assessed Land Value: $211,100
  • Assessed Improvements Value: $371,200

    Sales

  • Current Sale Contract Date: Dec 28, 2020
  • Current Sale Recording Date: Dec 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201231004390
  • Previous Sale Recording Date: Aug 20, 2007
  • Previous Sale Amount: $355,000
  • 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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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# 72012920

Frequently Asked Questions

When was property at 3 Circle Hill Road built and last sold?
The property at 3 Circle Hill Road was built in 1968 and last sold on Dec 28, 2020 for $500,000.
How much is this home worth?
The estimated value of the home located at 3 Circle Hill Road is $463,242.
What are some comparable homes to 3 Circle Hill Road?
There are currently no comparable homes to 3 Circle Hill Road.
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