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Salem 01970 South Salem
4 South Pine Street
$626,000
● House - Off Market

4 South Pine Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,220 Ft²
$3,453
Est. Monthly

About This Property

Location! In the heart of the McIntyre District you'll find this charming Cape, which boasts many new features and renovations and is surrounded by one of Salem's premier historic neighborhoods! Featuring 3 bedrooms and 2 full baths, this home has gleaming hardwood floors, and an open floor plan. Since 2017, it has been fully renovated inside and out with a new roof, new gas furnace, renovated bathrooms and kitchen, and central air. A delightful beacon hill patio for barbecues and relaxation. With a Walk Score® of 88, you'll enjoy all the amenities downtown Salem has to offer! Come check out this lovely turn key home; all you have to do is move in!  Offers are due Monday, January 8th at 3PM.
Unit Size
1,220 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$491
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1950

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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 #73189972)

Price History

Date / Event Date Event Price
Feb 13, 2024 Sold
Premium
Sold
Jan 10, 2024 In contract -
In contract
Jan 2, 2024 Listed by RE/MAX Beacon $599,000
Listed by RE/MAX Beacon
Mar 31, 2022 Sold
Premium
Sold
Feb 10, 2017 Sold
Premium
Sold
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Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 8
  • Basement Area: 616
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,361
  • Total Building Area: 1,260
  • Gross Building Area: 1,984
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000540
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: SALEM SD
  • Census Tract: 204200

Zoning

  • Zoning: B1

Geography

  • Parcel: SALE M:25 L:0655
  • Lot: 655
  • Municipality: SALEM
  • Latitude: 42.518
  • Longitude: -70.9045

    Address

  • Full Address: 4-r S Pine St
  • Address - House Number: 4-r
  • Street Direction: S
  • Address - Street Name: Pine
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,700

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 80
  • Final Value: 522,420
  • High Value: 604,272
  • Low Value: 440,567

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $474,800
  • Assessed Land Value: $207,600
  • Assessed Improvements Value: $267,200
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2169 ft²

Average Home Age

85.1 years

Currently For Sale

34 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# 73189972

Frequently Asked Questions

When was property at 4 South Pine Street built and last sold?
The property at 4 South Pine Street was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 South Pine Street is $587,514.
What are some comparable homes to 4 South Pine Street?
There are currently no comparable homes to 4 South Pine Street.
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