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Salem 01970 South Salem
34 Cedarcrest Ave
$535,000
● House - Off Market

34 Cedarcrest Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,107 Ft²
$821,323
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Enjoy gatherings and entertaining?  Welcome to your dream home!!!  Imagine Holidays in your beautiful spacious living room gathered by the wood burning fireplace featuring a polished copper hood running all the way up to a window lined tray ceiling!!!  Adjacent to the living room you will enjoy dinners in your oversized dining room in direct view of the roaring fire, with plenty of built in cabinetry for all your dinnerware, and sliding glass doors leading out to your deck.   Moving up through this tri-level contemporary is your eat-in kitchen with wood ceilings and stainless steel appliances.  Spiral staircases, select stained glass windows, 4 bedrooms,  2.5 baths, den, sunroom and multi-level decks all sited in a bucolic setting make this home a MUST SEE!!!
Unit Size
3,107 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$177
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1965

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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 #72410712)

Price History

Date / Event Date Event Price
Dec 7, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by J. Barrett & Company $789,000
Listed by J. Barrett & Company
Dec 14, 2018 Sold
Premium
Sold
Oct 15, 2018 Listed by J. Barrett & Company $549,900
Listed by J. Barrett & Company

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,649
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,049
  • Total Building Area: 3,107
  • Gross Building Area: 4,667
  • Building Area: 3,107
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,107
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDARCREST
  • Land Acres: 0000000437
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:21 L:0043
  • Lot: 43
  • Municipality: SALEM
  • Latitude: 42.4889
  • Longitude: -70.903

    Address

  • Full Address: 34 Cedarcrest Ave
  • Address - House Number: 34
  • Address - Street Name: Cedarcrest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4342
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $990,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 946,365
  • High Value: 1,095,605
  • Low Value: 797,126

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $852,400
  • Assessed Land Value: $223,100
  • Assessed Improvements Value: $629,300

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Dec 07, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211207003630
  • Previous Sale Recording Date: Dec 14, 2018
  • Previous Sale Contract Date: Dec 06, 2018
  • Previous Sale Amount: $535,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72410712

Frequently Asked Questions

When was property at 34 Cedarcrest Avenue built and last sold?
The property at 34 Cedarcrest Avenue was built in 1965 and last sold on Nov 10, 2021 for $835,000.
How much is this home worth?
The estimated value of the home located at 34 Cedarcrest Avenue is $819,051.
What are some comparable homes to 34 Cedarcrest Avenue?
There are currently no comparable homes to 34 Cedarcrest Avenue.
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