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Salem 01970 South Salem
5 Botts Ct
$597,000
● House - Off Market

5 Botts Ct

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,718 Ft²
$850,334
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Botts Court is one of Salem's  most cherished neighborhoods in the heart of the McIntire historic district. Five Botts Court showcases 4 bedrooms and  cherry kitchen. The exterior includes parking and an enchanting veranda featuring custom Walpole fencing overlooking a delightful pocket garden. The property combines the elegance of 18th century architecture with the comforts of today's lifestyle. Close to famed Chestnut Street, the Salem Atheneum, Hamilton hall, the train and ferry to Boston, fine dining, the Peabody Essex museum and the waterfront.
Unit Size
1,718 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$348
Property Type
House
Property Taxes
$671
HOA Dues
-
Year Built
1783

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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: 5 months ago (MLSPIN #72564945)

Price History

Date / Event Date Event Price
Nov 8, 2019 Sold
Premium
Sold
Sep 13, 2019 Listed by MerryFox Realty $597,000
Listed by MerryFox Realty
Aug 1, 1997 Sold
Premium
Sold
Jun 16, 1997 Listed by MerryFox Realty $259,000
Listed by MerryFox Realty

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1783
  • Effective Year Built: 1783
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 672
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,694
  • Total Building Area: 1,718
  • Gross Building Area: 2,608
  • Building Area: 1,718
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,718
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000039
  • 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:0429
  • Lot: 429
  • Municipality: SALEM
  • Latitude: 42.52
  • Longitude: -70.9006

    Address

  • Full Address: 5 Botts Ct
  • Address - House Number: 5
  • Address - Street Name: Botts
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3101
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $864,600

    Appraisal Valuation

  • Standard Deviation: 0.1586
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 842,857
  • High Value: 976,505
  • Low Value: 709,209

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $744,100
  • Assessed Land Value: $231,200
  • Assessed Improvements Value: $512,900

    Sales

  • Current Sale Contract Date: Oct 21, 2019
  • Current Sale Recording Date: Nov 08, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191108002410
  • Previous Sale Recording Date: Aug 01, 1997
  • Previous Sale Amount: $259,000
  • 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

$367

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2110 ft²

Average Home Age

91.3 years

Currently For Sale

38 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: 5 months ago
Data Source: MLS PIN, MLS# 72564945

Frequently Asked Questions

When was property at 5 Botts Court built and last sold?
The property at 5 Botts Court was built in 1783 and last sold on Oct 21, 2019 for $597,000.
How much is this home worth?
The estimated value of the home located at 5 Botts Court is $600,966.
What are some comparable homes to 5 Botts Court?
There are currently no comparable homes to 5 Botts Court.
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