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Salem 01970 South Salem
3 Cypress St
$210,000
● House - Off Market

3 Cypress St

Salem, MA 01970
bedrooms
2 Beds
bathrooms
2 Baths
square feet
952 Ft²
$327,116
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Condo alternative. No fees! No shared spaces!  Charming home with some updates. 1st floor full bath with shower stall added approximately 1 year ago. New interior stairway.  Roof is approximately 4 years old. Wood burning stove in living room. Small yard. Seems larger than 1,307 sq. ft. Eat it kitchen. Skylight in upstairs bathroom. Very affordable price! Close to downtown Salem and commuter rail. Offers are due Monday, August 7th at 6:00 pm.
Unit Size
952 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$220
Property Type
House
Property Taxes
$265
HOA Dues
-
Year Built
1882

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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: 5 months ago (MLSPIN #72209360)

Price History

Date / Event Date Event Price
Sep 20, 2017 Sold
Premium
Sold
Aug 5, 2017 Listed by Keller Williams Realty Evolution $209,900
Listed by Keller Williams Realty Evolution
Jul 10, 2009 Sold
Premium
Sold
Nov 12, 2008 Listed by Keller Williams Realty Evolution $187,500
Listed by Keller Williams Realty Evolution
Sep 8, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1882
  • Effective Year Built: 1882
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 544
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,220
  • Total Building Area: 952
  • Gross Building Area: 1,632
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 952
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FARWOOD GREEN 04
  • Land Acres: 0000000028
  • 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: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:34 L:0064
  • Lot: 64
  • Municipality: SALEM
  • Latitude: 42.5143
  • Longitude: -70.8955

    Address

  • Full Address: 3 Cypress St
  • Address - House Number: 3
  • Address - Street Name: Cypress
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 4811
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $423,800

    Appraisal Valuation

  • Standard Deviation: 0.193
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 456,500
  • High Value: 603,340
  • Low Value: 309,659

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $364,700
  • Assessed Land Value: $146,700
  • Assessed Improvements Value: $218,000

    Sales

  • Current Sale Recording Date: Sep 20, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 273
  • Previous Sale Recording Date: Jul 10, 2009
  • Previous Sale Amount: $178,000
  • 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:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2089 ft²

Average Home Age

87.5 years

Currently For Sale

39 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: 5 months ago
Data Source: MLS PIN, MLS# 72209360

Frequently Asked Questions

When was property at 3 Cypress Street built and last sold?
The property at 3 Cypress Street was built in 1882 and last sold on Jan 1, 1970 for $210,000.
How much is this home worth?
The estimated value of the home located at 3 Cypress Street is $218,395.
What are some comparable homes to 3 Cypress Street?
There are currently no comparable homes to 3 Cypress Street.
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