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Salem 01970 North Salem
3 King St
Photo of 3 King St
Sold on Dec 28, 2005

1

Map

$385,000
● House - Off Market

3 King St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,962 Ft²
$715,158
RealtyHop Estimate
79.69%
Since Jan 1, 2006
MA-Boston
Primary Model

About This Property

Come see for yourself!  Colonial farmhouse with all the modern amenities!  Nestled in the desirable Kernwood Neighborhood of North Salem with easy access to highways and public transportation this three bedroom, two full bath home features formal living and dining, eat-in kitchen, three generous bedrooms including a master suite with balcony overlooking manicured grounds and inground swimming pool.  Separate workshed is tucked into the rear of property offering electricty and a woodstove!
Unit Size
1,962 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$203
Property Type
House
Property Taxes
$294
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #70271978)

Price History

Date / Event Date Event Price
Dec 28, 2005 Sold
Premium
Sold
Oct 4, 2005 Listed $398,000
Listed
Oct 11, 1996 Sold
Premium
Sold
May 1, 1996 Listed $179,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 1,066
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,617
  • Total Building Area: 1,962
  • Gross Building Area: 3,206
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:27 L:0154
  • Lot: 154
  • Municipality: SALEM
  • Latitude: 42.5319
  • Longitude: -70.9077

    Address

  • Full Address: 3 King St
  • Address - House Number: 3
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C016
  • 4-Digit Zip Code: 1610
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $612,700

    Appraisal Valuation

  • Standard Deviation: 0.2048
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 661,197
  • High Value: 796,681
  • Low Value: 525,714

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $527,300
  • Assessed Land Value: $202,900
  • Assessed Improvements Value: $324,400

    Sales

  • Current Sale Recording Date: Dec 28, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 11, 1996
  • Previous Sale Amount: $166,500
  • 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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$425

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1610 ft²

Average Home Age

96.7 years

Currently For Sale

22 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# 70271978

Frequently Asked Questions

When was property at 3 King Street built and last sold?
The property at 3 King Street was built in 1890 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 3 King Street is $409,913.
What are some comparable homes to 3 King Street?
There are currently no comparable homes to 3 King Street.
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