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Rockingham
32 School Street
$326,500
● House - Off Market

32 School Street

Salem, NH 03079
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,796 Ft²
$514,830
RealtyHop Estimate
51.47%
Since Nov 1, 2018
National-US
Primary Model

About This Property

EXPANDED 3-BEDROOM RANCH with CENTRAL AIR.  1-car ATTACHED GARAGE provides DIRECT ENTRY to Mud Room/Project Rm with FIRST FLOOR LAUNDRY, GRANITE countertops, lots of cabinets and pantry storage. Pass-through to efficient kitchen which abuts dining room with crown molding. TILE floors in kitchen, dining room, mud room and baths. Large living room features fireplace with hearth and built-in bookcases with recessed lighting. Bedroom with ENSUITE 3/4-BATH and another full bathroom. Lower level with 32x12 FINISHED ROOM has fireplace. Weil McLain boiler with attached Gold Plus water heater. 10x12 composite deck and large back yard. Public water and private septic. EXTRA-WIDE DRIVEWAY allows parking for 8 cars. Abuts Bannister Rd neighborhood. Close to Routes 93, 495 and shopping.
Unit Size
1,796 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$189
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1958

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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 #72395324)

Price History

Date / Event Date Event Price
Oct 31, 2018 Sold
Premium
Sold
Sep 13, 2018 Listed by RE/MAX Insight $339,900
Listed by RE/MAX Insight

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,184
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,117
  • Total Building Area: 1,408
  • Gross Building Area: 3,288
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000370
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100200

Zoning

  • Zoning: RES

Geography

  • Parcel: SLEM M:74 B:2188 L:
  • Block: 2188
  • Municipality: SALEM
  • Latitude: 42.7911
  • Longitude: -71.205

    Address

  • Full Address: 32 School St
  • Address - House Number: 32
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: NH
  • City Name: Salem
  • Carrier Code: C018
  • 4-Digit Zip Code: 2711
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $658,600

    Appraisal Valuation

  • Standard Deviation: 0.1714
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 535,870
  • High Value: 627,727
  • Low Value: 444,013

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $388,300
  • Assessed Land Value: $146,000
  • Assessed Improvements Value: $242,300

    Sales

  • Current Sale Recording Date: Oct 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18044693
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:

$625,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2908 ft²

Average Home Age

49.6 years

Currently For Sale

1027 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, Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1,000 ft²
387 Main #1, Salem, 03079 Listing by Daniel Mendonca
Unit for rent at 14 Tiffany, Salem, 03079

$1,625 /mo

  • 1 Bed
  • 1 Bath
  • 777 ft²
14 Tiffany #2, Salem, 03079 Listing by Heather Colbert
Unit for rent at 12 Tiffany, Salem, 03079

$1,675 /mo

  • 1 Bed
  • 1 Bath
  • 780 ft²
12 Tiffany #3, Salem, 03079 Listing by Alanna Brush

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72395324

Frequently Asked Questions

When was property at 32 School Street built and last sold?
The property at 32 School Street was built in 1958 and last sold on Jan 1, 1970 for $326,533.
How much is this home worth?
The estimated value of the home located at 32 School Street is $350,820.
What are some comparable homes to 32 School Street?
There are currently no comparable homes to 32 School Street.
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