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Rockingham
31 Colonial Dr
$230,179
● House - Off Market

31 Colonial Dr

Salem, NH 03079
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,912 Ft²
$467,916
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Lovely 3 bedroom home on landscaped lot in established neighborhood.  Freshly painted, new carpet in bedrooms. Lots of hardwood floors and fireplace.  Enjoy summer fun on the deck and patio.  This is a HomePath property.  This home is approved for HomePath Mortgage Financing and HomePath Renovation financing.  Owner Occupants may purchase for as little as 3% down.
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$125
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1965

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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: 5 months ago (MLSPIN #71542371)

Price History

Date / Event Date Event Price
Nov 12, 2013 Sold
Premium
Sold
Jun 14, 2013 Listed by Kody & Company, Inc. $239,900
Listed by Kody & Company, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,912
  • Gross Building Area: 2,392
  • Building Area: 1,912
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,912
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100402

Zoning

  • Zoning: RES

Geography

  • Parcel: SLEM M:101 B:8225 L:
  • Block: 8225
  • Municipality: SALEM
  • Latitude: 42.7742
  • Longitude: -71.195

    Address

  • Full Address: 31 Colonial Dr
  • Address - House Number: 31
  • Address - Street Name: Colonial
  • Address - Suffix Type: Dr
  • State: NH
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 3446
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $689,100

    Appraisal Valuation

  • Standard Deviation: 0.1992
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 497,492
  • High Value: 596,630
  • Low Value: 398,353

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $406,300
  • Assessed Land Value: $167,600
  • Assessed Improvements Value: $238,700

    Sales

  • Current Sale Recording Date: Nov 12, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 28, 2013
  • Previous Sale Amount: $65,900
  • Previous Sale Document Type: 71
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 Rockingham

Stats & Trends

Median Asking:

$629,363

Sale Price/ft²

$252

Below Asking

0.01%

Average Days on Market

55

Average Home Size

3028 ft²

Average Home Age

48.7 years

Currently For Sale

782 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 387 Main St., Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
387 Main St. #3, Salem, 03079 Listing by Daniel Mendonca
Unit for rent at 5 Sally Sweets, Salem, 03079

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,346 ft²
5 Sally Sweets #129, Salem, 03079 Listing by Josh Judge

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71542371

Frequently Asked Questions

When was property at 31 Colonial Drive built and last sold?
The property at 31 Colonial Drive was built in 1965 and last sold on Jan 1, 1970 for $115,100.
How much is this home worth?
The estimated value of the home located at 31 Colonial Drive is $242,481.
What are some comparable homes to 31 Colonial Drive?
There are currently no comparable homes to 31 Colonial Drive.
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