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Salem 01970 South Salem
32 Summit Ave
$190,000
● House - Off Market

32 Summit Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,230 Ft²
$437,611
RealtyHop Estimate
108.49%
Since Apr 1, 2010
MA-Boston
Primary Model

About This Property

GREAT NEIGHBORHOOD, Wonderful opportunity - NEEDS WORK - Some hardwood floors, large eat-in kitchen, dining room has built in china closet -  master bedroom with built in drawers, exposed ceiling beams & decorative window, 2nd bedroom has built-in drawers, old fashion bathroom with claw tub.  HOME WARRANTY Offered -  Property to be SOLD  "AS IS"  Not a Short Sale or Bank Owned -  Ready to close !!! Will not consider anything under $200k
Unit Size
1,230 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$171
Property Type
House
Property Taxes
$302
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 #70925868)

Price History

Date / Event Date Event Price
Mar 9, 2010 Sold
Premium
Sold
May 29, 2009 Listed by Century 21 N. Shore $209,900
Listed by Century 21 N. Shore

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 719
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,350
  • Total Building Area: 1,243
  • Gross Building Area: 2,246
  • Building Area: 1,243
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,243
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000077
  • 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: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:33 L:0436
  • Lot: 436
  • Municipality: SALEM
  • Latitude: 42.5088
  • Longitude: -70.8903

    Address

  • Full Address: 32 Summit Ave
  • Address - House Number: 32
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C041
  • 4-Digit Zip Code: 5470
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $589,500

    Appraisal Valuation

  • Standard Deviation: 0.2378
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 603,262
  • High Value: 746,745
  • Low Value: 459,779

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $507,300
  • Assessed Land Value: $187,000
  • Assessed Improvements Value: $320,300

    Sales

  • Current Sale Recording Date: Mar 09, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

2218 ft²

Average Home Age

86.1 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# 70925868

Frequently Asked Questions

When was property at 32 Summit Avenue built and last sold?
The property at 32 Summit Avenue was built in 1890 and last sold on Jan 1, 1970 for $190,000.
How much is this home worth?
The estimated value of the home located at 32 Summit Avenue is $224,087.
What are some comparable homes to 32 Summit Avenue?
There are currently no comparable homes to 32 Summit Avenue.
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