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Salem 01970 South Salem
5 Cedarview St
$469,000
● House - Off Market

5 Cedarview St

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,446 Ft²
$2,837
Est. Monthly

About This Property

Conveniently located in South Salem on a quiet dead end street.  You'll find easy access to all the local amenities in Salem, Swampscott and Marblehead including shopping centers, beaches, restaurants, and more.  When you walk into the home you'll find an open floor plan with a living room & dining room; continuing into the kitchen that overlooks the family room.  The 1st floor bedroom has an exterior access to the back yard.  The second floor features a bedroom, home office or bonus room and a half bath.  When the house was full it was used as a 3 bedroom home  Property is being Sold in As-Is as Seen Condition.
Unit Size
1,446 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$328
Property Type
House
Property Taxes
$505
HOA Dues
-
Year Built
1949

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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 #73183717)

Price History

Date / Event Date Event Price
Jan 12, 2024 Sold
Premium
Sold
Dec 7, 2023 In contract -
In contract
Nov 29, 2023 Listed by Real Broker MA, LLC $474,900
Listed by Real Broker MA, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 812
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,067
  • Total Building Area: 1,446
  • Gross Building Area: 2,952
  • Building Area: 1,446
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,446
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:30 L:0063
  • Lot: 63
  • Municipality: SALEM
  • Latitude: 42.4912
  • Longitude: -70.8964

    Address

  • Full Address: 5 Cedarview St
  • Address - House Number: 5
  • Address - Street Name: Cedarview
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4304
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $626,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 486,818
  • High Value: 525,904
  • Low Value: 447,732

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $539,000
  • Assessed Land Value: $190,600
  • Assessed Improvements Value: $348,400

    Sales

  • Current Sale Contract Date: Jan 12, 2024
  • Current Sale Recording Date: Jan 12, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240112000360
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:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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# 73183717

Frequently Asked Questions

When was property at 5 Cedarview Street built and last sold?
The property at 5 Cedarview Street was built in 1949 and last sold on Jan 12, 2024 for $469,000.
How much is this home worth?
The estimated value of the home located at 5 Cedarview Street is $483,030.
What are some comparable homes to 5 Cedarview Street?
There are currently no comparable homes to 5 Cedarview Street.
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