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Salem 01970 South Salem
40 Cedarcrest Avenue
$426,000
● House - Off Market

40 Cedarcrest Avenue

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,320 Ft²
$814,091
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Extended 82'X26" ranch located on a side street with privacy from natures trees, 24,513 sf lot, in-ground pool, cabana, patio, deck, hot tub, wood ext, front open porch, 2 car commercial detached gar doors with 2nd story unfinished rms and a 7 car stone driveway. The int. has mostly insulated windows, mod kits, mod baths, large  fireplaced liv rm, wood stove din rm, h/w and w/w carpeted flrs, multiple levels, 200 amp electric service, up graded fha system and plenty of storage. Enjoy all the New England seasons.(See Photos) with Salem Warf by the ocean, all the Historic sites and plenty of restaurants to choose from.  Move-in and enjoy country life in the city.
Unit Size
3,320 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$141
Property Type
House
Property Taxes
$536
HOA Dues
-
Year Built
1967

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71812477)

Price History

Date / Event Date Event Price
Aug 14, 2015 Sold
Premium
Sold
Apr 7, 2015 Listed by Century 21 Hughes $468,900
Listed by Century 21 Hughes
May 18, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 23
  • 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: 1,055
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 24,511
  • Total Building Area: 3,320
  • Gross Building Area: 5,534
  • Building Area: 3,320
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,320
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000563
  • 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:21 L:0042
  • Lot: 42
  • Municipality: SALEM
  • Latitude: 42.4891
  • Longitude: -70.9036

    Address

  • Full Address: 40 Cedarcrest Ave
  • Address - House Number: 40
  • Address - Street Name: Cedarcrest
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4342
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $782,500

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 767,928
  • High Value: 889,871
  • Low Value: 645,984

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $673,400
  • Assessed Land Value: $225,400
  • Assessed Improvements Value: $448,000

    Sales

  • Current Sale Recording Date: Aug 14, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 450
  • Previous Sale Recording Date: May 18, 1993
  • Previous Sale Amount: $30,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71812477

Frequently Asked Questions

When was property at 40 Cedarcrest Avenue built and last sold?
The property at 40 Cedarcrest Avenue was built in 1967 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 40 Cedarcrest Avenue is $505,776.
What are some comparable homes to 40 Cedarcrest Avenue?
There are currently no comparable homes to 40 Cedarcrest Avenue.
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