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Salem 01970 South Salem
32 Bertuccio
$325,000
● House - Off Market

32 Bertuccio

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,143 Ft²
$548,105
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

Located at the end of Bertuccio Avenue, this light filled 3 bedroom, 1 bath home has a living room with fireplace opening to a dining room (currently being used as an office and play area), an eat in kitchen, and hallway leading to the full bath plus the three nicely sized bedrooms.  Downstairs is a full basement (unfinished) which includes storage, laundry, utilities, other potential expansion space and the entrance to the one car garage.  Outside, enjoy the perennial gardens nestled into the hill and partially fenced in spacious yard as well as two decks.  Live in Salem and experience all that this city has to offer with down town shops, restaurants, Museums, bike trails, parks, schools, and waterfront activities all close by.
Unit Size
1,143 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$288
Property Type
House
Property Taxes
$343
HOA Dues
-
Year Built
1957

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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 #72026832)

Price History

Date / Event Date Event Price
Mar 26, 2021 Sold
Premium
Sold
Feb 3, 2021 Listed by Coldwell Banker Residential Brokerage - Marblehead $425,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Aug 25, 2016 Sold
Premium
Sold
Jun 21, 2016 Listed by Coldwell Banker Residential Brokerage - Marblehead $329,000
Listed by Coldwell Banker Residential Brokerage - Marblehead
Jun 26, 2009 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,107
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,143
  • Gross Building Area: 2,463
  • Building Area: 1,143
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,143
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:24 L:0106
  • Lot: 106
  • Municipality: SALEM
  • Latitude: 42.5123
  • Longitude: -70.9029

    Address

  • Full Address: 32 Bertuccio Ave
  • Address - House Number: 32
  • Address - Street Name: Bertuccio
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2932
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $584,700

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 572,806
  • High Value: 675,090
  • Low Value: 470,522

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $503,200
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $326,200

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210326003200
  • Previous Sale Recording Date: Aug 25, 2016
  • Previous Sale Amount: $325,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72026832

Frequently Asked Questions

When was property at 32 Bertuccio Avenue built and last sold?
The property at 32 Bertuccio Avenue was built in 1957 and last sold on Mar 26, 2021 for $529,000.
How much is this home worth?
The estimated value of the home located at 32 Bertuccio Avenue is $430,894.
What are some comparable homes to 32 Bertuccio Avenue?
There are currently no comparable homes to 32 Bertuccio Avenue.
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