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Salem 01970 South Salem
47 Broad St
$479,000
● House - Off Market

47 Broad St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,323 Ft²
$712,047
RealtyHop Estimate
42.69%
Since Jul 1, 2019
MA-Boston
Primary Model

About This Property

Nestled on the fringe of the Historic District, this Single Family home sits on a huge corner lot. This home features 3 bedrooms, 1 ½ bath and a flexible layout with beautiful moldings, and hard wood flooring throughout. Impeccably maintained, this is an exceptional home, complete with an eat in galley kitchen, fireplace in the living-room, newer roof and 3 season breezeway . Just 2 blocks to Historic Downtown Salem and commuter rail to North Station but set in a residential neighborhood. With a massive fenced in yard with patio, fireplace, private drive and detached 2 car garage, don't miss out on the opportunity to make this your new home!!
Unit Size
1,323 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$377
Property Type
House
Property Taxes
$500
HOA Dues
-
Year Built
1940

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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: 4 months ago (MLSPIN #72461735)

Price History

Date / Event Date Event Price
Jun 27, 2019 Sold
Premium
Sold
Mar 6, 2019 Listed by Tache Real Estate, Inc. $499,000
Listed by Tache Real Estate, Inc.
Jan 1, 1974 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 648
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,863
  • Total Building Area: 1,470
  • Gross Building Area: 2,118
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000181
  • 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: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0315
  • Lot: 315
  • Municipality: SALEM
  • Latitude: 42.517
  • Longitude: -70.9024

    Address

  • Full Address: 47 Broad St
  • Address - House Number: 47
  • Address - Street Name: Broad
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C007
  • 4-Digit Zip Code: 3139
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $629,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 615,633
  • High Value: 712,875
  • Low Value: 518,391

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $541,600
  • Assessed Land Value: $250,800
  • Assessed Improvements Value: $290,800

    Sales

  • Current Sale Contract Date: Jun 26, 2019
  • Current Sale Recording Date: Jun 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190627004340
  • Previous Sale Recording Date: Jan 01, 1974
  • Previous Sale Amount: $37,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72461735

Frequently Asked Questions

When was property at 47 Broad Street built and last sold?
The property at 47 Broad Street was built in 1940 and last sold on Jun 26, 2019 for $479,000.
How much is this home worth?
The estimated value of the home located at 47 Broad Street is $503,612.
What are some comparable homes to 47 Broad Street?
There are currently no comparable homes to 47 Broad Street.
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