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Salem 01970 South Salem
49 Ocean Avenue
Photo of 49 Ocean Avenue
Sold on Dec 30, 2005

1

Map

$529,900
● House - Off Market

49 Ocean Avenue

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,315 Ft²
$952,166
RealtyHop Estimate
79.69%
Since Jan 1, 2006
MA-Boston
Primary Model

About This Property

This extraordinary Victorian home offers elegant yet comfortable living. Beautiful detail throughout, wood floors, window seats, 2 fireplaces, gorgeous bath, second bath has Japanese soaking tub. To much to list! Call for a private showing. Showings to begin November 1, 2005  Please note:THERE WILL BE NO OPEN HOUSES ON THIS PROPERTY.
Unit Size
3,315 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$160
Property Type
House
Property Taxes
$436
HOA Dues
-
Year Built
1900

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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 #70285369)

Price History

Date / Event Date Event Price
Dec 30, 2005 Sold
Premium
Sold
Oct 26, 2005 Listed $529,900
Listed
Apr 1, 1996 Sold
Premium
Sold
Oct 6, 1995 Listed $220,900
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 6
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,297
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,942
  • Total Building Area: 3,315
  • Gross Building Area: 5,667
  • Building Area: 3,315
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 3,315
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000090
  • 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: 204101

Zoning

  • Zoning: R

Geography

  • Parcel: SALE M:33 L:0407
  • Lot: 407
  • Municipality: SALEM
  • Latitude: 42.5081
  • Longitude: -70.8919

    Address

  • Full Address: 49 Ocean Ave
  • Address - House Number: 49
  • Address - Street Name: Ocean
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C028
  • 4-Digit Zip Code: 4626
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,025,500

    Appraisal Valuation

  • Standard Deviation: 0.1531
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 943,574
  • High Value: 1,088,075
  • Low Value: 799,073

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $882,500
  • Assessed Land Value: $157,700
  • Assessed Improvements Value: $724,800

    Sales

  • Current Sale Recording Date: Dec 30, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Apr 01, 1996
  • Previous Sale Amount: $210,000
  • 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:

$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

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# 70285369

Frequently Asked Questions

When was property at 49 Ocean Avenue built and last sold?
The property at 49 Ocean Avenue was built in 1900 and last sold on Jan 1, 1970 for $529,900.
How much is this home worth?
The estimated value of the home located at 49 Ocean Avenue is $564,773.
What are some comparable homes to 49 Ocean Avenue?
There are currently no comparable homes to 49 Ocean Avenue.
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