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Salem 01970 South Salem
4 Henry St
$450,000
● House - Off Market

4 Henry St

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,272 Ft²
$517,841
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Cute as a button! You'll love this 2+ bedroom ranch on the Salem/Peabody line. Main level features an open and sunny living room with beautiful hardwood floors, spotless kitchen with new stainless steel appliances, and two generously sized bedrooms. Enjoy more space in the lower level, with room for a family room, additional 3rd bedroom, or home office. Spend the spring and summer outdoors, enjoying your patio and large, private fenced yard. Situated in a quiet and friendly neighborhood, this home is convenient to downtown Salem, Peabody center, and highways.**Any Offers Due Monday by 3pm for Seller Review** Private showings only with pre-approved buyers who are serious about a potential offer. Sellers are open to an offer from a buyer who has not visited "subject to" buyer visiting 24-48 hrs after offer acceptance.
Unit Size
1,272 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$295
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1961

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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: 4 months ago (MLSPIN #72638295)

Price History

Date / Event Date Event Price
May 12, 2020 Sold
Premium
Sold
Mar 26, 2020 Listed by eXp Realty $375,000
Listed by eXp Realty
Feb 1, 2011 Sold
Premium
Sold
Nov 13, 2010 Listed by eXp Realty $219,000
Listed by eXp Realty
Nov 27, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,272
  • Gross Building Area: 2,327
  • Building Area: 1,272
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,272
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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:0132
  • Lot: 132
  • Municipality: SALEM
  • Latitude: 42.52
  • Longitude: -70.9169

    Address

  • Full Address: 4 Henry St
  • Address - House Number: 4
  • Address - Street Name: Henry
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1313
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $592,200

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 584,899
  • High Value: 677,286
  • Low Value: 492,512

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,600
  • Assessed Land Value: $198,400
  • Assessed Improvements Value: $311,200

    Sales

  • Current Sale Contract Date: May 09, 2020
  • Current Sale Recording Date: May 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200512001780
  • Previous Sale Recording Date: Feb 01, 2011
  • Previous Sale Amount: $210,000
  • 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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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# 72638295

Frequently Asked Questions

When was property at 4 Henry Street built and last sold?
The property at 4 Henry Street was built in 1961 and last sold on May 9, 2020 for $450,000.
How much is this home worth?
The estimated value of the home located at 4 Henry Street is $384,432.
What are some comparable homes to 4 Henry Street?
There are currently no comparable homes to 4 Henry Street.
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