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Salem 01970 South Salem
4 Emerald Ave
$384,000
● House - Off Market

4 Emerald Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,957 Ft²
$696,925
RealtyHop Estimate
81.49%
Since Sep 1, 2014
MA-Boston
Primary Model

About This Property

Country setting, yet so close to the city! Recently renovated cozy Colonial with high ceilings and Brazilian cherry floors also has a kitchen with stainless steel appliances. The living room features a Vermont Casting stove and three bedrooms on the second floor have new carpeting.  Upstairs bedroom features unique loft space for study area.  A huge unfinished basement has excellent potential for additional living space. Well-maintained and charming, this home also offers central air, new windows and doors plus a 200 amp electricity/breaker system. The beautifully landscaped yard includes a 1,000 sf deck with a hot tub. Motivated Sellers, too!
Unit Size
1,957 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$196
Property Type
House
Property Taxes
$480
HOA Dues
-
Year Built
1980

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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 #71705692)

Price History

Date / Event Date Event Price
Aug 25, 2014 Sold
Premium
Sold
Jun 26, 2014 Listed by J. Barrett & Company $384,000
Listed by J. Barrett & Company
Mar 4, 2004 Sold
Premium
Sold
Nov 18, 2003 Listed by J. Barrett & Company $399,900
Listed by J. Barrett & Company
Sep 28, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,118
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,957
  • Gross Building Area: 4,029
  • Building Area: 1,957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,957
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0310
  • Lot: 310
  • Municipality: SALEM
  • Latitude: 42.5087
  • Longitude: -70.9082

    Address

  • Full Address: 4 Emerald Ave
  • Address - House Number: 4
  • Address - Street Name: Emerald
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 2863
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $766,300

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 738,249
  • High Value: 866,388
  • Low Value: 610,110

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $659,500
  • Assessed Land Value: $221,300
  • Assessed Improvements Value: $438,200

    Sales

  • Current Sale Recording Date: Aug 25, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 82500364
  • Previous Sale Recording Date: Mar 04, 2004
  • Previous Sale Amount: $391,000
  • 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

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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# 71705692

Frequently Asked Questions

When was property at 4 Emerald Avenue built and last sold?
The property at 4 Emerald Avenue was built in 1980 and last sold on Jan 1, 1970 for $384,000.
How much is this home worth?
The estimated value of the home located at 4 Emerald Avenue is $405,628.
What are some comparable homes to 4 Emerald Avenue?
There are currently no comparable homes to 4 Emerald Avenue.
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