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Salem 01970 North Salem
38 Upham St
$300,000
● House - Off Market

38 Upham St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,655 Ft²
$557,753
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

Wonderful opportunity in North Salem to restore a Victorian House with lovely original details and amazing bones. A great opportunity to live in a very desirable location & bring this back to it's original spendor. First level boasts a large living room with beautifully detailed fireplace, large open kitchen, formal dining room also with a fireplace, closet & access to front porch, as well as a bedoom and half bath. The wide goodmorning staircase leeds to 3 additional bedrooms & full bath on the second floor. Close to communter train & easy access to highways. The yard is mostly fenced with a newer back deck and a two car garage. Plenty of parking here! House needs paint, polish, some love, updates and shine. If you are willing to put in some elbow grease, you will have a gem for yourself.
Unit Size
1,655 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$227
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1890

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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 months ago (MLSPIN #72406224)

Price History

Date / Event Date Event Price
Nov 16, 2018 Sold
Premium
Sold
Oct 5, 2018 Listed by Keller Williams Realty Evolution $375,000
Listed by Keller Williams Realty Evolution
Jan 1, 1964 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 865
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,502
  • Total Building Area: 1,655
  • Gross Building Area: 3,020
  • Building Area: 1,655
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,655
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:27 L:0354
  • Lot: 354
  • Municipality: SALEM
  • Latitude: 42.5297
  • Longitude: -70.9029

    Address

  • Full Address: 38 Upham St
  • Address - House Number: 38
  • Address - Street Name: Upham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2454
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $622,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2575
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 63
  • Final Value: 557,993
  • High Value: 701,679
  • Low Value: 414,308

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $535,800
  • Assessed Land Value: $197,400
  • Assessed Improvements Value: $338,400

    Sales

  • Current Sale Recording Date: Nov 16, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 181116003040
  • Previous Sale Recording Date: Jan 01, 1964
  • Previous Sale Amount: $61,400
  • 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 North Salem

Stats & Trends

Median Asking:

$649,000

Sale Price/ft²

$420

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1702 ft²

Average Home Age

99.6 years

Currently For Sale

16 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 months ago
Data Source: MLS PIN, MLS# 72406224

Frequently Asked Questions

When was property at 38 Upham Street built and last sold?
The property at 38 Upham Street was built in 1890 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 38 Upham Street is $386,108.
What are some comparable homes to 38 Upham Street?
There are currently no comparable homes to 38 Upham Street.
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