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Salem 01970 Salem Neck
3 Rice Street
$284,900
● House - Off Market

3 Rice Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,541 Ft²
$450,541
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Conveniently located on Salem Neck, this  home is one you need to see.. Within a short distance to town, train,(Beverly or Salem depots) this 3 bedroom, 1.5 bath Antique Cape is the perfect place to begin home ownership. The main level offers eat-in-kitchen that opens to the dining room and living room. Off the kitchen there is a access to a south facing wood deck and yard for summer fun. The full bath is on this level as well. The 2nd level has 3 bedrooms or 2 bedrooms with an office area. The lower level offers family room with bar, gas stove fireplace and half bath with laundry hook up and exterior access. Much of the interior is freshly painted but there is room to make this your own. The exterior is freshly painted and is ready to go. All of this at a a great price makes this one worth a peek.
Unit Size
1,541 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$188
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1870

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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 #72178896)

Price History

Date / Event Date Event Price
Aug 1, 2017 Sold
Premium
Sold
Jun 8, 2017 Listed by MerryFox Realty $289,900
Listed by MerryFox Realty
Jun 24, 1983 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 532
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,012
  • Total Building Area: 1,062
  • Gross Building Area: 1,876
  • Building Area: 1,062
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,062
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000046
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0194
  • Lot: 194
  • Municipality: SALEM
  • Latitude: 42.5331
  • Longitude: -70.8885

    Address

  • Full Address: 3 Rice St
  • Address - House Number: 3
  • Address - Street Name: Rice
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2619
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $525,100

    Appraisal Valuation

  • Standard Deviation: 0.1893
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 469,323
  • High Value: 620,289
  • Low Value: 318,358

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $451,900
  • Assessed Land Value: $149,900
  • Assessed Improvements Value: $302,000

    Sales

  • Current Sale Recording Date: Aug 01, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 253
  • Previous Sale Recording Date: Jun 24, 1983
  • Previous Sale Amount: $42,300
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

165.5 years

Currently For Sale

13 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# 72178896

Frequently Asked Questions

When was property at 3 Rice Street built and last sold?
The property at 3 Rice Street was built in 1870 and last sold on Jan 1, 1970 for $284,900.
How much is this home worth?
The estimated value of the home located at 3 Rice Street is $316,002.
What are some comparable homes to 3 Rice Street?
There are currently no comparable homes to 3 Rice Street.
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