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Salem 01970 South Salem
32 Bow Street
$365,000
● House - Off Market

32 Bow Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,898 Ft²
$532,720
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Pride of ownership shines thru in this well maintained cape in desirable witchcraft heights area.  The home has many great features including gleaming hardwood floors throughout most of the house, a fully-applianced kitchen that leads to the dining room which opens to a large rear deck.  Enjoy the rest of the summer with a large back yard featuring an above ground pool and bonus storage shed.  With four bedrooms, great closet space and a large basement with the potential to be finished this is a great house to make your own.  Showings start at 1st open houses on 8/4 and 8/5.
Unit Size
1,898 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$190
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #72370553)

Price History

Date / Event Date Event Price
Sep 18, 2018 Sold
Premium
Sold
Jul 30, 2018 Listed by Century 21 North East $359,900
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 748
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,096
  • Total Building Area: 1,449
  • Gross Building Area: 2,744
  • Building Area: 1,449
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,449
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000163
  • 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: R1

Geography

  • Parcel: SALE M:15 L:0110
  • Lot: 110
  • Municipality: SALEM
  • Latitude: 42.52
  • Longitude: -70.9186

    Address

  • Full Address: 32 Bow St
  • Address - House Number: 32
  • Address - Street Name: Bow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1140
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $620,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 613,011
  • High Value: 709,839
  • Low Value: 516,183

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $533,700
  • Assessed Land Value: $205,200
  • Assessed Improvements Value: $328,500

    Sales

  • Current Sale Recording Date: Sep 18, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180918003750
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2257 ft²

Average Home Age

86.4 years

Currently For Sale

44 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# 72370553

Frequently Asked Questions

When was property at 32 Bow Street built and last sold?
The property at 32 Bow Street was built in 1960 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 32 Bow Street is $379,976.
What are some comparable homes to 32 Bow Street?
There are currently no comparable homes to 32 Bow Street.
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