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Salem 01970 South Salem
38 Bow Street
$333,000
● House - Off Market

38 Bow Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,332 Ft²
$499,079
RealtyHop Estimate
56.01%
Since Jan 1, 2018
MA-Boston
Primary Model

About This Property

Pride of ownership shines thru in this well maintained four bedroom 1 bath house in cozy Salem neighborhood.  Enjoy the open living room/kitchen concept that features two bedrooms and full bath on the main level.  Exterior and interior have been recently painted to go along with refinished hardwood floors.  There is a new 3 zone gas heating system to go along with new rear deck to enjoy the fenced in back yard.  There are new flooring in kitchen and bathroom to go along with new appliances throughout.  Additional features include a great family room in lower level, updated 200 amp electrical service and to many other features to list.  Showings to start at 1st open houses on October 28th and 29th from 11am-1pm.
Unit Size
1,332 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$240
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72246258)

Price History

Date / Event Date Event Price
Dec 13, 2017 Sold
Premium
Sold
Oct 23, 2017 Listed by Century 21 North Shore $319,900
Listed by Century 21 North Shore
Jan 10, 2014 Sold
Premium
Sold
Aug 8, 2013 Listed by Century 21 North Shore $209,000
Listed by Century 21 North Shore
May 15, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 972
  • Gross Building Area: 2,333
  • Building Area: 972
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 972
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRIAGE HILL ESTATES
  • Land Acres: 0000000092
  • 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: R1

Geography

  • Parcel: SALE M:15 L:0109
  • Lot: 109
  • Municipality: SALEM
  • Latitude: 42.5199
  • Longitude: -70.9186

    Address

  • Full Address: 38 Bow St
  • Address - House Number: 38
  • Address - Street Name: Bow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1140
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,400

    Appraisal Valuation

  • Standard Deviation: 0.1727
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 544,534
  • High Value: 638,573
  • Low Value: 450,494

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $474,500
  • Assessed Land Value: $190,100
  • Assessed Improvements Value: $284,400

    Sales

  • Current Sale Recording Date: Dec 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171213001340
  • Previous Sale Recording Date: Jan 10, 2014
  • Previous Sale Amount: $204,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: UNK
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

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# 72246258

Frequently Asked Questions

When was property at 38 Bow Street built and last sold?
The property at 38 Bow Street was built in 1960 and last sold on Jan 1, 1970 for $333,000.
How much is this home worth?
The estimated value of the home located at 38 Bow Street is $327,235.
What are some comparable homes to 38 Bow Street?
There are currently no comparable homes to 38 Bow Street.
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