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Salem 01970 South Salem
4 Alba Avenue
Photo of 4 Alba Avenue
Sold on Aug 28, 2007

1

Map

$390,000
● House - Off Market

4 Alba Avenue

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,664 Ft²
$768,825
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Lovely, 10 year young, 3 bedroom, 2 bathroom single family home on Cul-De-Sac. This meticulously maintained home includes many features: large deck, above ground pool, lovely landscaped yard and newly installed wall to wall carpeting throughout. Spacious kitchen is perfect for those who love to cook and entertain.  Just a few of the extras, full insulation, great storage space and heated garage with workshop. $5,000 back to buyer if closed before 8/30/07.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$246
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1997

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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: 5 months ago (MLSPIN #70548994)

Price History

Date / Event Date Event Price
Aug 29, 2007 Sold
Premium
Sold
Mar 29, 2007 Listed $410,000
Listed
Oct 5, 2004 Sold
Premium
Sold
Jul 22, 2004 Listed $429,900
Listed
GREAT FAMILY NEIGHBORHOOD ON CUL-DE-SAC IN WITCHCRAFT HEIGHTS. FENCED YARD, ABOVE-GROUND POOL WITH DECK. METICULOUSLY MAINTAINED. BEAUTIFUL KITCHEN WITH CERAMIC TILE FLOOR. NOT A DRIVE BY. COME IN AND YOU WILL BE IMPRESSED.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 5
  • 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: 832
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 9,021
  • Total Building Area: 1,664
  • Gross Building Area: 2,592
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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:10 L:0183
  • Lot: 183
  • Municipality: SALEM
  • Latitude: 42.5135
  • Longitude: -70.9221

    Address

  • Full Address: 4 Alba Ave
  • Address - House Number: 4
  • Address - Street Name: Alba
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1201
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $660,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 631,269
  • High Value: 730,980
  • Low Value: 531,557

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $568,100
  • Assessed Land Value: $194,800
  • Assessed Improvements Value: $373,300

    Sales

  • Current Sale Recording Date: Aug 29, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 29, 2007
  • Previous Sale Amount: $390,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2094 ft²

Average Home Age

89.7 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: 5 months ago
Data Source: MLS PIN, MLS# 70548994

Frequently Asked Questions

When was property at 4 Alba Avenue built and last sold?
The property at 4 Alba Avenue was built in 1997 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 4 Alba Avenue is $424,119.
What are some comparable homes to 4 Alba Avenue?
There are currently no comparable homes to 4 Alba Avenue.
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