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Salem 01970 South Salem
3 Clark Avenue
$427,000
● House - Off Market

3 Clark Avenue

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,988 Ft²
$634,339
RealtyHop Estimate
47.55%
Since Mar 1, 2019
MA-Boston
Primary Model

About This Property

LOCATION! LOCATION! THIS SPACIOUS SPLIT ENTRY HOME ON A DEAD END STREET AND IN MOVE IN CONDITION, OFFERS 11 ROOMS, 4 BEDROOMS 1 FULL AND 1/2 BATHS ( POSSIBLE TO TURN INTO 2 FULL BATHS), NEW HARDWOOD FLOOR THROUGHOUT THE FIRST FLOOR, FRESHLY PAINTED AND ALUMINUM SIDING. FIRST FLOOR OFFERS SPACIOUS OPEN-CONCEPT LIVING, DINING AND KITCHEN AREA WITH CATHEDRAL CEILINGS, UPDATED KITCHEN WITH GRANITE COUNTER TOPS, STAINLESS STEEL APPLIANCES AND GARBAGE DISPOSER. UPDATED BATHROOM WITH GRANITE VANITY TOP AND DOUBLE SINKS. HEATING SYSTEM AND OIL TANK ARE 3 YEARS OLD AND ELECTRIC HEAT IN 4TH BEDROOM. THIS LOCATION IS CONVENIENT TO SHOPPING, MEDICAL FACILITY AND HIGHWAYS. THIS IS AN ENTRY ONLY LISTING.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$216
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1987

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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 #72437247)

Price History

Date / Event Date Event Price
Feb 8, 2019 Sold
Premium
Sold
Jan 4, 2019 Listed by Sara Fishbane Real Estate $429,900
Listed by Sara Fishbane Real Estate
Dec 27, 2016 Sold
Premium
Sold
Oct 18, 2016 Listed by Sara Fishbane Real Estate $299,999
Listed by Sara Fishbane Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,080
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,424
  • Total Building Area: 1,988
  • Gross Building Area: 2,472
  • Building Area: 1,988
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,988
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000239
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:03 L:0113
  • Lot: 113
  • Municipality: SALEM
  • Latitude: 42.4938
  • Longitude: -70.9317

    Address

  • Full Address: 3 Clark Ave
  • Address - House Number: 3
  • Address - Street Name: Clark
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1717
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $598,500

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 641,862
  • High Value: 756,477
  • Low Value: 527,246

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,100
  • Assessed Land Value: $201,000
  • Assessed Improvements Value: $314,100

    Sales

  • Current Sale Contract Date: Feb 08, 2019
  • Current Sale Recording Date: Feb 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 599611
  • Previous Sale Recording Date: Dec 27, 2016
  • Previous Sale Amount: $285,000
  • 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

$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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72437247

Frequently Asked Questions

When was property at 3 Clark Avenue built and last sold?
The property at 3 Clark Avenue was built in 1987 and last sold on Feb 8, 2019 for $427,000.
How much is this home worth?
The estimated value of the home located at 3 Clark Avenue is $446,463.
What are some comparable homes to 3 Clark Avenue?
There are currently no comparable homes to 3 Clark Avenue.
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