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Salem 01970 South Salem
44 Chestnut St
$725,000
● House - Off Market

44 Chestnut St

Salem, MA 01970
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,284 Ft²
$1,359,536
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Don't miss your chance to live on fabled Chestnut Street, often described as "the most beautiful street in America".  Spacious and elegant, with all of the historic character and detail one would expect of a home on the street developed for America's first millionaires, yet managebly sized.  Gracious, light-filled living and dining rooms, custom eat-in kitchen, cozy family room with gas fireplace, five spacious bedrooms, home office.  High ceilings, classic butler's pantry with wetbar, good storage.  A columned porch off the living room, brick patio, and lawn area afford access to the outdoors.  Walk to train, hospital, downtown shops, Peabody Essex Museum, waterfront, and Salem's many outstanding restaurants.
Unit Size
3,284 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$228
Property Type
House
Property Taxes
$907
HOA Dues
-
Year Built
1870

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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 #71682623)

Price History

Date / Event Date Event Price
Jul 30, 2014 Sold
Premium
Sold
May 16, 2014 Listed by Seaport Realty $749,900
Listed by Seaport Realty
Oct 1, 1999 Sold
Premium
Sold
Sep 3, 1999 Listed $539,000
Listed
ELEGANT 1870 RESIDENCE LOCATED ON CHESTNUT STREET, OFFERING 6BRS, 3 1/2 BAS, BEAUTIFUL CHERRY KITCHEN WITH BUTLER'S PANTRY, FAMILY ROOM, SCREENED PORCH, PRIVATE PATIO AND LOVELY YARD.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,291
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,816
  • Total Building Area: 3,284
  • Gross Building Area: 4,717
  • Building Area: 3,284
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,284
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ELLA ST
  • Land Acres: 0000000088
  • 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: R2

Geography

  • Parcel: SALE M:25 L:0217
  • Lot: 217
  • Municipality: SALEM
  • Latitude: 42.519
  • Longitude: -70.9033

    Address

  • Full Address: 44 Chestnut St
  • Address - House Number: 44
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3129
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,464,500

    Appraisal Valuation

  • Standard Deviation: 0.216
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,327,412
  • High Value: 1,613,886
  • Low Value: 1,040,939

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,260,300
  • Assessed Land Value: $244,500
  • Assessed Improvements Value: $1,015,800

    Sales

  • Current Sale Recording Date: Aug 27, 2015
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 69
  • Previous Sale Recording Date: Jul 30, 2014
  • Previous Sale Amount: $725,000
  • Previous Sale Document Type: O
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2188 ft²

Average Home Age

89.2 years

Currently For Sale

45 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# 71682623

Frequently Asked Questions

When was property at 44 Chestnut Street built and last sold?
The property at 44 Chestnut Street was built in 1870 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 44 Chestnut Street is $755,680.
What are some comparable homes to 44 Chestnut Street?
There are currently no comparable homes to 44 Chestnut Street.
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