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Salem 01970 South Salem
33 Greenway Rd
$410,000
● House - Off Market

33 Greenway Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,386 Ft²
$412,899
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

Rare opportunity! This great Cape has been in the same family for almost 50 years. Now it's looking for someone to put a little elbow grease in to update it. Enter off the driveway/garage to the 3 season porch and into the kitchen. 2 bedrooms on main level. 2nd floor is an open slate to make it a potential 4th bedroom along with 2nd full bath upstairs . Great project, bring your imagination and grow this house to fit your needs. May not qualify for all types of financingBest and Final offers due Tuesday March 30, 5pm
Unit Size
1,386 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$253
Property Type
House
Property Taxes
$444
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: 5 years ago (MLSPIN #72804378)

Price History

Date / Event Date Event Price
Nov 30, 2021 Sold
Premium
Sold
Oct 14, 2021 Listed by Keller Williams Boston Metrowest $549,900
Listed by Keller Williams Boston Metrowest
Apr 27, 2021 Sold
Premium
Sold
Mar 25, 2021 Listed by Keller Williams Boston Metrowest $350,000
Listed by Keller Williams Boston Metrowest

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 792
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,622
  • Total Building Area: 1,782
  • Gross Building Area: 3,000
  • Building Area: 1,782
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,782
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000267
  • 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:0010
  • Lot: 10
  • Municipality: SALEM
  • Latitude: 42.5089
  • Longitude: -70.9069

    Address

  • Full Address: 33 Greenway Rd
  • Address - House Number: 33
  • Address - Street Name: Greenway
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 2864
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $753,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 719,343
  • High Value: 844,069
  • Low Value: 594,617

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $648,100
  • Assessed Land Value: $206,300
  • Assessed Improvements Value: $441,800

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Nov 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211130008250
  • Previous Sale Recording Date: Apr 27, 2021
  • Previous Sale Contract Date: Apr 20, 2021
  • Previous Sale Amount: $410,000
  • 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

2078 ft²

Average Home Age

88.7 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: 5 years ago
Data Source: MLS PIN, MLS# 72804378

Frequently Asked Questions

When was property at 33 Greenway Road built and last sold?
The property at 33 Greenway Road was built in 1958 and last sold on Nov 30, 2021 for $635,000.
How much is this home worth?
The estimated value of the home located at 33 Greenway Road is $0.
What are some comparable homes to 33 Greenway Road?
There are currently no comparable homes to 33 Greenway Road.
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