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Salem 01970 South Salem
47 Clark Street
$554,000
● House - Off Market

47 Clark Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,960 Ft²
$796,741
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Desirable location minutes from Swampscott Commuter Rail and Kings Beach, Nahant, with North Shore Medical Center, downtown  Salem, Starbucks-Whole Foods close by too!!  Appealing turn-key home on cul-de-sac with inviting foyer entryway, high ceilings, open concept living with tasteful interior throughout - 3-bedrooms, 2 1/2 baths  plenty of closet space, oversized windows, bonus 1st floor family room/office with fireplace, great backyard for entertaining with shed, plus garage and  off-street parking - need more room - over 1000 sq. ft. lower level living space for expansion. This home has it ALL - Welcome home!!
Unit Size
1,960 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$285
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1998

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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 #72489057)

Price History

Date / Event Date Event Price
Aug 1, 2019 Sold
Premium
Sold
Apr 26, 2019 Listed by Coldwell Banker Residential Brokerage - Lynnfield $559,000
Listed by Coldwell Banker Residential Brokerage - Lynnfield
Dec 14, 1998 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,040
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,202
  • Total Building Area: 1,960
  • Gross Building Area: 3,280
  • Building Area: 1,960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,960
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLARK STREET EXT
  • Land Acres: 0000000349
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:07 L:0038
  • Lot: 38
  • Municipality: SALEM
  • Latitude: 42.494
  • Longitude: -70.9277

    Address

  • Full Address: 47 Clark St
  • Address - House Number: 47
  • Address - Street Name: Clark
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1735
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $738,300

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 737,565
  • High Value: 865,451
  • Low Value: 609,680

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $635,400
  • Assessed Land Value: $221,400
  • Assessed Improvements Value: $414,000

    Sales

  • Current Sale Contract Date: Jul 05, 2019
  • Current Sale Recording Date: Aug 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190801003680
  • Previous Sale Recording Date: Dec 14, 1998
  • Previous Sale Amount: $249,900
  • 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 South Salem

Stats & Trends

Median Asking:

$620,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72489057

Frequently Asked Questions

When was property at 47 Clark Street built and last sold?
The property at 47 Clark Street was built in 1998 and last sold on Jul 5, 2019 for $554,000.
How much is this home worth?
The estimated value of the home located at 47 Clark Street is $574,516.
What are some comparable homes to 47 Clark Street?
There are currently no comparable homes to 47 Clark Street.
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