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Salem 01970 South Salem
49 Belleview
$671,000
● House - Off Market

49 Belleview

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,988 Ft²
$621,076
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

UPDATE; OPEN HOUSE CANCELLED.Welcome to your move in ready home in the desirable Witchcraft Heights area. The care and love of ownership can be felt and attractive updates are featured throughout. This includes a beautiful kitchen and modern bathrooms. The living room opens up to a great dining space and the rear deck which is overlooking your large backyard with plenty of grass, in-ground pool, covered patio, and additional storage shed. This neighborhood has so much to offer including great schools, shopping, access to major highways, and the ocean. The Commuter Rail travel time is only 37 minutes to Bostons' North Station. This is your opportunity to grab a piece of historic Salem and emerge yourself in its' rich history. Seller reserves the right to accept an offer at anytime.
Unit Size
1,988 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$311
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1964

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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 #73115533)

Price History

Date / Event Date Event Price
Jun 29, 2023 Sold
Premium
Sold
May 28, 2023 In contract -
In contract
May 24, 2023 Listed by Three Hills Real Estate Service, LLC $619,000
Listed by Three Hills Real Estate Service, LLC
Jul 17, 2006 Sold
Premium
Sold
May 3, 2006 Listed by Three Hills Real Estate Service, LLC $379,000
Listed by Three Hills Real Estate Service, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • 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: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 1,508
  • Gross Building Area: 2,195
  • Building Area: 1,508
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,508
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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:10 L:0192
  • Lot: 192
  • Municipality: SALEM
  • Latitude: 42.5138
  • Longitude: -70.923

    Address

  • Full Address: 49 Belleview Ave
  • Address - House Number: 49
  • Address - Street Name: Belleview
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1164
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $663,500
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1746
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 657,120
  • High Value: 771,862
  • Low Value: 542,378

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $571,000
  • Assessed Land Value: $207,200
  • Assessed Improvements Value: $363,800

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230629004350
  • Previous Sale Recording Date: Jul 17, 2006
  • Previous Sale Amount: $370,000
  • 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:

$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# 73115533

Frequently Asked Questions

When was property at 49 Belleview Avenue built and last sold?
The property at 49 Belleview Avenue was built in 1964 and last sold on Jun 29, 2023 for $671,000.
How much is this home worth?
The estimated value of the home located at 49 Belleview Avenue is $625,192.
What are some comparable homes to 49 Belleview Avenue?
There are currently no comparable homes to 49 Belleview Avenue.
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