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Salem 01970 South Salem
3 Gables Cir
$635,000
● House - Off Market

3 Gables Cir

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,070 Ft²
$685,802
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Come check out this amazing home in a great neighborhood, welcome to 3 Gables circle! Located in the highly desirable Witchcraft Heights neighborhood this spacious 3 bedroom, 2 full bath split-entry home is a must see! The main level features hardwood floors, an updated kitchen & bathroom, living room w/brick fireplace, & an eat in kitchen. Head out from the kitchen area to your 3 season porch which leads to a beautiful Trex composite deck w/an outdoor flat screen TV! There is a large fenced in yard w/in ground pool & large outdoor patio, perfect for entertaining your friends & family! Huge front & backyard, central AC, skylights in kitchen & bathroom!
Unit Size
2,070 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$314
Property Type
House
Property Taxes
$559
HOA Dues
-
Year Built
1966

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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 #73016889)

Price History

Date / Event Date Event Price
Sep 23, 2022 Sold
Premium
Sold
Jul 25, 2022 Listed by RyVal Homes $649,900
Listed by RyVal Homes
Dec 18, 2020 Sold
Premium
Sold
Nov 4, 2020 Listed by RyVal Homes $549,900
Listed by RyVal Homes
May 21, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,104
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,271
  • Total Building Area: 1,923
  • Gross Building Area: 3,722
  • Building Area: 1,923
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,923
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VILLAGE AT BRICKETT HILL
  • Land Acres: 0000000236
  • 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:15 L:0006
  • Lot: 6
  • Municipality: SALEM
  • Latitude: 42.5147
  • Longitude: -70.9187

    Address

  • Full Address: 3 Gables Cir
  • Address - House Number: 3
  • Address - Street Name: Gables
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1217
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $756,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 699,316
  • High Value: 820,698
  • Low Value: 577,935

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $651,300
  • Assessed Land Value: $227,500
  • Assessed Improvements Value: $423,800

    Sales

  • Current Sale Contract Date: Sep 23, 2022
  • Current Sale Recording Date: Sep 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 310
  • Previous Sale Recording Date: Dec 18, 2020
  • Previous Sale Contract Date: Dec 16, 2020
  • Previous Sale Amount: $580,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73016889

Frequently Asked Questions

When was property at 3 Gables Circle built and last sold?
The property at 3 Gables Circle was built in 1966 and last sold on Sep 23, 2022 for $635,000.
How much is this home worth?
The estimated value of the home located at 3 Gables Circle is $661,595.
What are some comparable homes to 3 Gables Circle?
There are currently no comparable homes to 3 Gables Circle.
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