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Salem 01970 South Salem
42 Hillside Ave
$499,999
● House - Off Market

42 Hillside Ave

Salem, MA 01970
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
3,066 Ft²
$746,791
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Looking for PRIVACY! Plenty of land and plenty of space in this 5 BEDROOM Witchcraft Heights home. The backyard is your own private retreat, featuring a huge gazebo and solar powered HEATED INGROUND POOL. Enjoy hours of entertaining and sharing countless memories. The flexible floor plan has 3 bedrooms on the main level and another 2 bedrooms and living space on the second level with separate entrance off garage; EXTENDED FAMILY, TEEN SUITE, etc. Be comfortable year round with CENTRAL AC. This home features a young roof and heating system. Two sheds with LARGE WORKSHOP and plenty of space for storage all throughout this home. SAVE MONEY with this energy efficient home complete with money saving solar panels. OPEN HOUSE SUNDAY OCTOBER 21ST 11A-1230P
Unit Size
3,066 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$163
Property Type
House
Property Taxes
$511
HOA Dues
-
Year Built
1922

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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 #72404175)

Price History

Date / Event Date Event Price
Dec 14, 2018 Sold
Premium
Sold
Oct 2, 2018 Listed by Keller Williams Realty Evolution $499,999
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1922
  • Effective Year Built: 1922
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 468
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,579
  • Total Building Area: 3,066
  • Gross Building Area: 5,370
  • Building Area: 3,066
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,066
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0124
  • Lot: 124
  • Municipality: SALEM
  • Latitude: 42.5132
  • Longitude: -70.912

    Address

  • Full Address: 42 Hillside Ave
  • Address - House Number: 42
  • Address - Street Name: Hillside
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C032
  • 4-Digit Zip Code: 1937
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $755,100

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 730,751
  • High Value: 846,623
  • Low Value: 614,879

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $649,800
  • Assessed Land Value: $197,300
  • Assessed Improvements Value: $452,500

    Sales

  • Current Sale Contract Date: Nov 20, 2018
  • Current Sale Recording Date: Dec 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 598311
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

2104 ft²

Average Home Age

84 years

Currently For Sale

39 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# 72404175

Frequently Asked Questions

When was property at 42 Hillside Avenue built and last sold?
The property at 42 Hillside Avenue was built in 1922 and last sold on Nov 20, 2018 for $499,999.
How much is this home worth?
The estimated value of the home located at 42 Hillside Avenue is $506,020.
What are some comparable homes to 42 Hillside Avenue?
There are currently no comparable homes to 42 Hillside Avenue.
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