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Salem 01970 Salem Neck
4 Planters St
$280,000
● House - Off Market

4 Planters St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,275 Ft²
$403,250
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model

About This Property

Historic Bridge Street Neck...close to T.  short distance to Collins Cove Beach and Park. 6 room's,  2-3 bedrooms, one full bath. Replacement windows. Walk-up attic has two additional unfinished rooms. Full basement. Vinyl siding, circuit breakers, gas cooking. Tandem parking for 4 cars.
Unit Size
1,275 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$212
Property Type
House
Property Taxes
$322
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: 4 months ago (MLSPIN #72307155)

Price History

Date / Event Date Event Price
May 30, 2019 Sold
Premium
Sold
Apr 30, 2018 Sold
Premium
Sold
Apr 11, 2018 Listed by RE/MAX Advantage Real Estate $269,900
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 600
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,001
  • Total Building Area: 1,275
  • Gross Building Area: 2,400
  • Building Area: 1,275
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,275
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000069
  • 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: 204500

Zoning

  • Zoning: B4

Geography

  • Parcel: SALE M:36 L:0254
  • Lot: 254
  • Municipality: SALEM
  • Latitude: 42.5326
  • Longitude: -70.8878

    Address

  • Full Address: 4 Planters St
  • Address - House Number: 4
  • Address - Street Name: Planters
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 4121
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $485,100

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 485,774
  • High Value: 611,249
  • Low Value: 360,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $417,500
  • Assessed Land Value: $153,900
  • Assessed Improvements Value: $263,600

    Sales

  • Current Sale Contract Date: May 29, 2019
  • Current Sale Recording Date: May 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 20190530000950
  • Previous Sale Recording Date: Apr 30, 2018
  • Previous Sale Amount: $280,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 years

Currently For Sale

13 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# 72307155

Frequently Asked Questions

When was property at 4 Planters Street built and last sold?
The property at 4 Planters Street was built in 1870 and last sold on May 29, 2019 for $245,000.
How much is this home worth?
The estimated value of the home located at 4 Planters Street is $292,559.
What are some comparable homes to 4 Planters Street?
There are currently no comparable homes to 4 Planters Street.
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