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Salem 01970 North Salem
31 Beaver Street
$340,000
● House - Off Market

31 Beaver Street

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
780 Ft²
$405,205
RealtyHop Estimate
30.75%
Since Oct 1, 2020
MA-Boston
Primary Model

About This Property

Perfect alternative to condo living!  Own your own single family home with a private and pretty fenced in back yard.  Enjoy an updated eat-in kitchen with stainless steel appliances, gas cooking and granite counter-tops.  Optional 1st floor bedroom or a perfect home office,  bright and spacious living room and updated bathroom complete the main level of the home.  On the second floor is a generous bedroom with 2 closets.  The finished room on the lower level lends itself to endless possibilities.  Just 1 mile to the Commuter Rail to Boston and downtown Salem.  Showings will begin on  Wednesday (7/22) and Thursday (7/23) from 5:30-7:30 PM with a scheduled appointment.
Unit Size
780 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$397
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1890

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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 #72694398)

Price History

Date / Event Date Event Price
Sep 23, 2020 Sold
Premium
Sold
Jul 20, 2020 Listed by Keller Williams Realty Evolution $309,900
Listed by Keller Williams Realty Evolution
Mar 12, 2019 Sold
Premium
Sold
Feb 8, 2019 Listed by Keller Williams Realty Evolution $269,000
Listed by Keller Williams Realty Evolution
Jan 27, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 560
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,459
  • Total Building Area: 1,060
  • Gross Building Area: 1,590
  • Building Area: 1,060
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,060
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000033
  • 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: R2

Geography

  • Parcel: SALE M:16 L:0168
  • Lot: 168
  • Municipality: SALEM
  • Latitude: 42.5217
  • Longitude: -70.9132

    Address

  • Full Address: 31 Beaver St
  • Address - House Number: 31
  • Address - Street Name: Beaver
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1403
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $409,000

    Appraisal Valuation

  • Standard Deviation: 0.1866
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 449,179
  • High Value: 593,665
  • Low Value: 304,694

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $352,000
  • Assessed Land Value: $132,900
  • Assessed Improvements Value: $219,100

    Sales

  • Current Sale Contract Date: Aug 27, 2020
  • Current Sale Recording Date: Sep 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200923001360
  • Previous Sale Recording Date: Mar 12, 2019
  • Previous Sale Contract Date: Mar 09, 2019
  • Previous Sale Amount: $292,000
  • 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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1638 ft²

Average Home Age

99.7 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: 4 months ago
Data Source: MLS PIN, MLS# 72694398

Frequently Asked Questions

When was property at 31 Beaver Street built and last sold?
The property at 31 Beaver Street was built in 1890 and last sold on Aug 27, 2020 for $341,000.
How much is this home worth?
The estimated value of the home located at 31 Beaver Street is $313,671.
What are some comparable homes to 31 Beaver Street?
There are currently no comparable homes to 31 Beaver Street.
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