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Salem 01970 South Salem
4 Peter Rd
$437,500
● House - Off Market

4 Peter Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,034 Ft²
$667,816
RealtyHop Estimate
48.73%
Since Dec 1, 2018
MA-Boston
Primary Model

About This Property

This home on a quiet side road has an open floor plan and is perfect for entertaining inside and out. The spacious living room with picture window flows into the kitchen upgraded with granite counters and stainless appliances. Kitchen also has center island and adjoining dining room with french doors to the huge backyard deck and patio. There are three bedrooms on the main level, one with built in bookcases and cabinets perfect for a home office. Both full bathrooms have been nicely updated. On the lower level enjoy a sunny, fire placed family room, garage access and a movable partition wall to create a private second room with sliders to the fenced in back yard.  Windows are less than 3 years old, hot water tank is new in 2017 and there is even a sprinkler system!
Unit Size
2,034 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$221
Property Type
House
Property Taxes
$497
HOA Dues
-
Year Built
1969

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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 #72397799)

Price History

Date / Event Date Event Price
Nov 19, 2018 Sold
Premium
Sold
Sep 19, 2018 Listed by Keller Williams Realty Evolution $449,000
Listed by Keller Williams Realty Evolution
Dec 7, 2015 Sold
Premium
Sold
Sep 30, 2015 Listed by Keller Williams Realty Evolution $369,900
Listed by Keller Williams Realty Evolution
Jun 7, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 1,300
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,876
  • Total Building Area: 2,034
  • Gross Building Area: 3,060
  • Building Area: 2,034
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,034
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HYMAN MARCUS
  • Land Acres: 0000000181
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:30 L:0008
  • Lot: 8
  • Municipality: SALEM
  • Latitude: 42.4863
  • Longitude: -70.8946

    Address

  • Full Address: 4 Peter Rd
  • Address - House Number: 4
  • Address - Street Name: Peter
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4232
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $743,100

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 764,023
  • High Value: 896,636
  • Low Value: 631,410

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $639,500
  • Assessed Land Value: $215,500
  • Assessed Improvements Value: $424,000

    Sales

  • Current Sale Recording Date: Nov 19, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181119005300
  • Previous Sale Recording Date: Dec 07, 2015
  • Previous Sale Amount: $347,000
  • Previous Sale Document Type: O
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72397799

Frequently Asked Questions

When was property at 4 Peter Road built and last sold?
The property at 4 Peter Road was built in 1969 and last sold on Jan 1, 1970 for $437,500.
How much is this home worth?
The estimated value of the home located at 4 Peter Road is $467,194.
What are some comparable homes to 4 Peter Road?
There are currently no comparable homes to 4 Peter Road.
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