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Salem 01970 North Salem
4 Felt St
Photo of 4 Felt St
Sold on Jun 2, 2025

27

Map

Photo of 4 Felt St
Photo of 4 Felt St
$600,000
● House - Off Market

4 Felt St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,357 Ft²
$3,689
Est. Monthly
4.99%
Cap Rate

About This Property

Welcome to beautiful North Salem.  Your future home is located on a wonderful, tree-lined street in a highly desirable neighborhood.  Meet your neighbors as you wander down the sidewalks.  Your sunny, fenced in yard is level and ready for play and entertaining.  Your one car garage has electricity for outdoor work and projects.  Bring your imagination to the classic layout of this sturdy bungalow.  Hardwood floors throughout.  Your home boasts an upgraded gas heat system, gas water heater and an upgraded 100 AMP electric service.  Your partially finished basement has high ceilings, ample storage and space for any crafts and projects!  This fantastic house is close to the MBTA Station, all the great history of Salem and all of the fantastic bars, restaurants and entertainment of downtown.  Make an appointment today!
Unit Size
1,357 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$479
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1930

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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: 2 years ago (MLSPIN #73352440)

Price History

Date / Event Date Event Price
Jun 2, 2025 Sold
Premium
Sold
Apr 16, 2025 In contract -
In contract
Mar 31, 2025 Listed $649,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 18
  • 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: 980
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,752
  • Total Building Area: 1,357
  • Gross Building Area: 3,132
  • Building Area: 1,357
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,357
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: R1

Geography

  • Parcel: SALE M:27 L:0610
  • Lot: 610
  • Municipality: SALEM
  • Latitude: 42.5325
  • Longitude: -70.897

    Address

  • Full Address: 4 Felt St
  • Address - House Number: 4
  • Address - Street Name: Felt
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2418
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $593,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 569,302
  • High Value: 659,225
  • Low Value: 479,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $511,000
  • Assessed Land Value: $244,200
  • Assessed Improvements Value: $266,800
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:

$654,450

Sale Price/ft²

$421

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1634 ft²

Average Home Age

96.8 years

Currently For Sale

25 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73352440

Frequently Asked Questions

When was property at 4 Felt Street built and last sold?
The property at 4 Felt Street was built in 1930 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Felt Street is $0.
What are some comparable homes to 4 Felt Street?
There are currently no comparable homes to 4 Felt Street.
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