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Salem 01970 Federal Street
4 River St
Photo of 4 River St
Sold on Aug 30, 2007

1

Map

$431,900
● House - Off Market

4 River St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,875 Ft²
$843,645
RealtyHop Estimate
87.52%
Since Sep 1, 2007
MA-Boston
Primary Model

About This Property

Exceptional circa 1806 Federal in famed McIntire Historic District. Meticulously restored 3-4 bedroom, 2 full bath, 2 fireplaces, wide pine floors, period woodwork & detail, exposed beams throughout. This home hosts a cozy DR, sunfilled LR, & a magnificent custom eat-in kitchen with granite counters, SS appliances,custom cabinets & a Franklin wood stove. lovely terraced yard with oversized large deck, 2 car parking, walk to comm. rail & downtown all in a quiet family neighborhood on a one way St
Unit Size
1,875 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$240
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1806

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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 #70592515)

Price History

Date / Event Date Event Price
Aug 30, 2007 Sold
Premium
Sold
Jun 6, 2007 Listed $449,900
Listed
Jun 17, 1999 Sold
Premium
Sold
Apr 26, 1999 Listed $259,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1806
  • Effective Year Built: 1806
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • 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: 927
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,600
  • Total Building Area: 1,875
  • Gross Building Area: 3,667
  • Building Area: 1,875
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,875
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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: R2

Geography

  • Parcel: SALE M:26 L:0616
  • Lot: 616
  • Municipality: SALEM
  • Latitude: 42.5225
  • Longitude: -70.9016

    Address

  • Full Address: 4 River St
  • Address - House Number: 4
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3202
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $854,000

    Appraisal Valuation

  • Standard Deviation: 0.2145
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 723,404
  • High Value: 878,484
  • Low Value: 568,324

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $734,900
  • Assessed Land Value: $208,500
  • Assessed Improvements Value: $526,400

    Sales

  • Current Sale Recording Date: Aug 30, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 17, 1999
  • Previous Sale Amount: $252,000
  • 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 Federal Street

Stats & Trends

Median Asking:

$699,000

Sale Price/ft²

$402

Below Asking

0.01%

Average Days on Market

46

Average Home Size

2105 ft²

Average Home Age

117 years

Currently For Sale

5 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# 70592515

Frequently Asked Questions

When was property at 4 River Street built and last sold?
The property at 4 River Street was built in 1806 and last sold on Jan 1, 1970 for $431,900.
How much is this home worth?
The estimated value of the home located at 4 River Street is $461,364.
What are some comparable homes to 4 River Street?
There are currently no comparable homes to 4 River Street.
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