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Salem 01970 Salem Neck
37 March Street
$461,000
● House - Off Market

37 March Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,116 Ft²
$488,388
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Unique opportunty to own  a waterfront property in Salem. Enjoy views across the river with gorgeous sunsets and city lights at night.  Roof and heating were done along with insulation in 2015. Property needs renovation but offers you not only a home but a lifestyle. Kayak , swim, fish  and vacation year round in this wonderful waterfront setting. Pefectly located within moments to town train, parks , restaurants and more. Do not miss out on this property if waterfront is what you are looking for! Any and all offers are due Monday August 23, 2021 at 4:00PM
Unit Size
1,116 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$385
Property Type
House
Property Taxes
$387
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: 5 years ago (MLSPIN #72883204)

Price History

Date / Event Date Event Price
Oct 1, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by RE/MAX Executive Realty $429,900
Listed by RE/MAX Executive Realty
Nov 10, 1992 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • 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: 6
  • Building Style: 16
  • 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: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,250
  • Total Building Area: 1,488
  • Gross Building Area: 2,232
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000189
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0222
  • Lot: 222
  • Municipality: SALEM
  • Latitude: 42.5334
  • Longitude: -70.8912

    Address

  • Full Address: 37 March St
  • Address - House Number: 37
  • Address - Street Name: March
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2649
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $662,300

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 589,745
  • High Value: 731,899
  • Low Value: 447,592

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,000
  • Assessed Land Value: $219,000
  • Assessed Improvements Value: $351,000

    Sales

  • Current Sale Contract Date: Oct 01, 2021
  • Current Sale Recording Date: Oct 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211001007140
  • Previous Sale Recording Date: Nov 10, 1992
  • Previous Sale Amount: $109,000
  • Previous 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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1483 ft²

Average Home Age

150.8 years

Currently For Sale

13 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# 72883204

Frequently Asked Questions

When was property at 37 March Street built and last sold?
The property at 37 March Street was built in 1870 and last sold on Oct 1, 2021 for $461,000.
How much is this home worth?
The estimated value of the home located at 37 March Street is $0.
What are some comparable homes to 37 March Street?
There are currently no comparable homes to 37 March Street.
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