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Salem 01970 South Salem
4 Valley Street
Photo of 4 Valley Street

3

Map

Photo of 4 Valley Street
Photo of 4 Valley Street
$349,900
● Land - Off Market

4 Valley Street

Salem, MA 01970
bedrooms
Studio
bathrooms
0 Bath
$1,760
Est. Monthly

About This Property

Rare opportunity to build your own home in the desirable Witchcraft Heights neighborhood of Salem. This gently sloped lot has already undergone extensive preparation by the current owner, including tree removal, a preliminary HERS Report, architectural plans for a new home, and a drainage permit with site plan currently under review. The building permit has been paid for and is also under review. All this work and planning to date have been paid for, offering a major head start for the next owner. All documents are available upon request. Enjoy the chance to create a custom home while living close to everything Salem has to offer. Update: The builder now has a foundation approval in place.
Unit Size
-
Days on Market
-
Land Size
0.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$42
HOA Dues
-
Year Built
-

Payment Calculator

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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: 2 months ago (MLSPIN #73475215)

Price History

Date / Event Date Event Price
Aug 8, 2026 No longer available -
No longer available
Jun 15, 2026 Withdrawn -
Withdrawn
Feb 7, 2026 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $349,900
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jul 14, 2025 Sold
Premium
Sold
Jun 12, 2025 In contract -
In contract
Show More

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000000149
  • Standard Land Use Code: 8012
  • County Land Use Code: 132

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0311
  • Lot: 311
  • Municipality: SALEM
  • Latitude: 42.509
  • Longitude: -70.913

    Address

  • Full Address: 4 Valley St
  • Address - House Number: 4
  • Address - Street Name: Valley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1926
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $48,500
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $41,700
  • Assessed Land Value: $41,700
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:

$620,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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: 2 months ago
Data Source: MLS PIN, MLS# 73475215

Frequently Asked Questions

When was property at 4 Valley Street built and last sold?
The property at 4 Valley Street was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 4 Valley Street is $353,399.
What are some comparable homes to 4 Valley Street?
There are currently no comparable homes to 4 Valley Street.
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