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Salem 01970 North Salem
4 Nursery St
$410,000
● House - Off Market

4 Nursery St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$571,630
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

North Salem Location, 9 room colonial, 4+ bedrooms with 2 full baths, open dining room with hardwood floors and built in china cabinet, large kitchen, plus 3 season sunroom leading to rear yard and 1 car garage. Basement has a separate workshop area, laundry room and storage. Plenty of off street parking, short distance to down town Salem, ready for you to move right in!
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$242
Property Type
House
Property Taxes
$434
HOA Dues
-
Year Built
1870

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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 #72467614)

Price History

Date / Event Date Event Price
May 10, 2019 Sold
Premium
Sold
Mar 19, 2019 Listed by Keller Williams Realty Evolution $399,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 825
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,901
  • Total Building Area: 1,650
  • Gross Building Area: 2,731
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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:17 L:0216
  • Lot: 216
  • Municipality: SALEM
  • Latitude: 42.5311
  • Longitude: -70.908

    Address

  • Full Address: 4 Nursery St
  • Address - House Number: 4
  • Address - Street Name: Nursery
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C016
  • 4-Digit Zip Code: 1615
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $580,200

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 610,768
  • High Value: 757,990
  • Low Value: 463,547

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $499,300
  • Assessed Land Value: $194,500
  • Assessed Improvements Value: $304,800

    Sales

  • Current Sale Contract Date: May 08, 2019
  • Current Sale Recording Date: May 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190510002490
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:

$649,950

Sale Price/ft²

$420

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1624 ft²

Average Home Age

105.4 years

Currently For Sale

20 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# 72467614

Frequently Asked Questions

When was property at 4 Nursery Street built and last sold?
The property at 4 Nursery Street was built in 1870 and last sold on May 8, 2019 for $410,000.
How much is this home worth?
The estimated value of the home located at 4 Nursery Street is $416,521.
What are some comparable homes to 4 Nursery Street?
There are currently no comparable homes to 4 Nursery Street.
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