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Salem 01970 South Salem
3 Peter Road
Photo of 3 Peter Road
Sold on Jul 27, 2011

1

Map

$354,500
● House - Off Market

3 Peter Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,558 Ft²
$738,744
RealtyHop Estimate
105.78%
Since Aug 1, 2011
MA-Boston
Primary Model

About This Property

LOVINGLY maintained home with a BEAUTIFULLY RENOVATED kitchen that can accommodate an intimate dinner for two or Thanksgiving for 20. Location, curb appeal, and MOVE IN READY best describes this 3 bedroom two bath ranch. This home has been EXPERTLY maintained by one family since it was custom built in the 1960's and boasts BEAUTIFUL, LOW MAINTENANCE gardens, a KOI POND and a fenced in back yard. Located on a corner lot of a Dead End Street and foot steps away from the Marblehead/Swampscott line.
Unit Size
1,558 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$230
Property Type
House
Property Taxes
$344
HOA Dues
-
Year Built
1962

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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 #71234638)

Price History

Date / Event Date Event Price
Jul 27, 2011 Sold
Premium
Sold
May 18, 2011 Listed by RE/MAX Advantage Real Estate $359,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,113
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,836
  • Total Building Area: 1,781
  • Gross Building Area: 2,648
  • Building Area: 1,781
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,781
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HYMAN MARCUS
  • Land Acres: 0000000180
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:30 L:0004
  • Lot: 4
  • Municipality: SALEM
  • Latitude: 42.4862
  • Longitude: -70.8959

    Address

  • Full Address: 3 Peter Rd
  • Address - House Number: 3
  • Address - Street Name: Peter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4237
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $704,800

    Appraisal Valuation

  • Standard Deviation: 0.2048
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 72
  • Final Value: 782,053
  • High Value: 942,300
  • Low Value: 621,806

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $606,500
  • Assessed Land Value: $215,300
  • Assessed Improvements Value: $391,200

    Sales

  • Current Sale Recording Date: Jul 27, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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:

$615,000

Sale Price/ft²

$367

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1724 ft²

Average Home Age

93.3 years

Currently For Sale

40 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# 71234638

Frequently Asked Questions

When was property at 3 Peter Road built and last sold?
The property at 3 Peter Road was built in 1962 and last sold on Jan 1, 1970 for $354,500.
How much is this home worth?
The estimated value of the home located at 3 Peter Road is $373,641.
What are some comparable homes to 3 Peter Road?
There are currently no comparable homes to 3 Peter Road.
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