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Salem 01970 North Salem
36 Beaver St
Photo of 36 Beaver St
Sold on Feb 28, 2023

1

Map

$392,000
● House - Off Market

36 Beaver St

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,080 Ft²
$422,966
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

OPEN HOUSE CANCELED, OFFER ACCEPTED. Attention contractors and house flippers. Large single family home waiting for someone to make this their next project. 4 - 5 bedrooms and an additional 520 SqFt attic that could be finished out for living space. Nice level yard, close to the commuter rail, downtown Salem and easy access to the highways. This house was once a 2 family home but has been in the tax books as a single family since 2001. This neighborhood is zoned R2.
Unit Size
2,080 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$192
Property Type
House
Property Taxes
$481
HOA Dues
-
Year Built
1870

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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: 2 years ago (MLSPIN #73074844)

Price History

Date / Event Date Event Price
Feb 28, 2023 Sold
Premium
Sold
Feb 6, 2023 In contract -
In contract
Jan 31, 2023 Listed $399,000
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 8
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,988
  • Total Building Area: 2,600
  • Gross Building Area: 4,160
  • Building Area: 2,600
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,600
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • 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: R2

Geography

  • Parcel: SALE M:16 L:0226
  • Lot: 226
  • Municipality: SALEM
  • Latitude: 42.5219
  • Longitude: -70.9132

    Address

  • Full Address: 36 Beaver St
  • Address - House Number: 36
  • Address - Street Name: Beaver
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 1404
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $564,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2781
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 60
  • Final Value: 410,524
  • High Value: 524,729
  • Low Value: 296,320

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $485,500
  • Assessed Land Value: $153,900
  • Assessed Improvements Value: $331,600

    Sales

  • Current Sale Contract Date: Feb 27, 2023
  • Current Sale Recording Date: Feb 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230228000470
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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1635 ft²

Average Home Age

98.2 years

Currently For Sale

20 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: 2 years ago
Data Source: MLS PIN, MLS# 73074844

Frequently Asked Questions

When was property at 36 Beaver Street built and last sold?
The property at 36 Beaver Street was built in 1870 and last sold on Feb 27, 2023 for $392,000.
How much is this home worth?
The estimated value of the home located at 36 Beaver Street is $0.
What are some comparable homes to 36 Beaver Street?
There are currently no comparable homes to 36 Beaver Street.
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