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Salem 01970 North Salem
5 Claremont Rd
$679,000
● House - Off Market

5 Claremont Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,667 Ft²
$3,646
Est. Monthly

About This Property

Wonderful, North Salem Neighborhood. 1920 Colonial Revival home has beautiful period details, handsome foyer with closet, hardwood floors, spacious living room with fireplace. The kitchen is open to the dining room, has solid oak cabinets and fully applianced. The second floor has three bedrooms and a full bath, the master boasts of two closets. Many special features. The basement offers good storage and space for a work shop and laundry. 0.8 mile to Salem Train Station. A charming home waits for its new owner. Property to be sold "As Is", Buyer and Buyers agent to do their due diligence.
Unit Size
1,667 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$378
Property Type
House
Property Taxes
$553
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73190551)

Price History

Date / Event Date Event Price
Feb 16, 2024 Sold
Premium
Sold
Jan 12, 2024 In contract -
In contract
Jan 3, 2024 Listed by Desrocher Real Estate $629,900
Listed by Desrocher Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 16
  • 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: 784
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,500
  • Total Building Area: 1,667
  • Gross Building Area: 2,623
  • Building Area: 1,667
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,667
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000103
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • District: 258
  • Parcel: SALE M:27 L:0581
  • Lot: 581
  • Municipality: SALEM
  • Latitude: 42.5325
  • Longitude: -70.8991

    Address

  • Full Address: 5 Claremont Rd
  • Address - House Number: 5
  • Address - Street Name: Claremont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2412
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $686,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 647,062
  • High Value: 699,014
  • Low Value: 595,111

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $590,900
  • Assessed Land Value: $198,500
  • Assessed Improvements Value: $392,400

    Sales

  • Current Sale Contract Date: Feb 12, 2024
  • Current Sale Recording Date: Feb 16, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20240216000730
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 North Salem

Stats & Trends

Median Asking:

$649,450

Sale Price/ft²

$418

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1639 ft²

Average Home Age

101 years

Currently For Sale

25 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# 73190551

Frequently Asked Questions

When was property at 5 Claremont Road built and last sold?
The property at 5 Claremont Road was built in 1920 and last sold on Feb 12, 2024 for $679,000.
How much is this home worth?
The estimated value of the home located at 5 Claremont Road is $642,312.
What are some comparable homes to 5 Claremont Road?
There are currently no comparable homes to 5 Claremont Road.
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