For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Salem 01970 Salem Neck
42 Memorial Dr
$385,000
● House - Off Market

42 Memorial Dr

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,139 Ft²
$643,239
RealtyHop Estimate
53.15%
Since Mar 1, 2018
MA-Boston
Primary Model

About This Property

AMAZING LOCATION! Opportunity is knocking to own a slice of historical Salem heaven! This quiet Memorial Drive home on sought after Salem Neck!! Views out the front door. 10 minute walk to Dead Horse beach and Salem Willows. The quaint ranch has updated electric, plumbing and radiant floor heating. It could use cosmetic updating but the most important and expensive updates have been completed! The generous sized level back yard would be lovely for gardening. Don't miss out!
Unit Size
1,139 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$369
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
1949

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72270888)

Price History

Date / Event Date Event Price
Mar 27, 2018 Sold
Premium
Sold
Jan 15, 2018 Listed by Century 21 North East $419,999
Listed by Century 21 North East
Apr 28, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,147
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,069
  • Total Building Area: 1,732
  • Gross Building Area: 3,266
  • Building Area: 1,732
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 1,732
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000208
  • 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: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:42 L:0034
  • Lot: 34
  • Municipality: SALEM
  • Latitude: 42.5299
  • Longitude: -70.8789

    Address

  • Full Address: 42 Memorial Dr
  • Address - House Number: 42
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5652
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $629,800

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 661,380
  • High Value: 783,330
  • Low Value: 539,430

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $542,000
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $347,000

    Sales

  • Current Sale Recording Date: Mar 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180327003990
  • Previous Sale Recording Date: Apr 28, 1998
  • Previous Sale Amount: $153,900
  • 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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1483 ft²

Average Home Age

150.8 years

Currently For Sale

13 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# 72270888

Frequently Asked Questions

When was property at 42 Memorial Drive built and last sold?
The property at 42 Memorial Drive was built in 1949 and last sold on Jan 1, 1970 for $380,000.
How much is this home worth?
The estimated value of the home located at 42 Memorial Drive is $428,824.
What are some comparable homes to 42 Memorial Drive?
There are currently no comparable homes to 42 Memorial Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Salem Homes for Sale
Salem Houses for Sale
Salem Condos for Sale
Salem Townhouses for Sale
Salem Multifamily for Sale
Salem Land for Sale
Salem Commercial for Sale
Salem Homes with Basements
Nearby Cities
Lynn Homes for Sale
Medford Homes for Sale
Arlington Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Nearby Property Records
Suffolk County, MA Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Plymouth County, MA Property Records
Hillsborough County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Maplewood Real Estate
West Revere Real Estate
Glendale Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Peabody Town Center Real Estate
Glenwood Real Estate
Nearby Counties
Lynn Homes for Sale
Medford Homes for Sale
Arlington Homes for Sale
Peabody Homes for Sale
Beverly Homes for Sale
Malden Homes for Sale
Revere Homes for Sale
Woburn Homes for Sale
Top Real Estate Agents
Top Agents in Salem Neck
Top Agents in Salem
Top Agents in Lynn
Top Agents in Lynn
Top Agents in 01970
Top Agents in 02155
Top Agents in Medford
Top Agents in Medford