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Salem 01970 South Salem
5 Fairfield St.
$539,000
● House - Off Market

5 Fairfield St.

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,424 Ft²
$994,988
RealtyHop Estimate
84.60%
Since Jan 1, 2005
MA-Boston
Primary Model

About This Property

STATELY 4 BEDROOM STUCCO HOME IN GORGEOUS NEIGHBORHOOD. NEW STATE-OF-THE-ART KITCHEN-CUSTOM W/GRANITE COUNTERS-FULLY APPLIANCED,FIREPLACED LR, FORMAL DR AND DETACHED GARAGE. SLATE ROOF AND FENCED YARD. A WONDERFUL OPPORTUNITY.
Unit Size
2,424 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$222
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1933

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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 #70103785)

Price History

Date / Event Date Event Price
Dec 10, 2004 Sold
Premium
Sold
Oct 12, 2004 Listed by Coldwell Banker Residential Brokerage - Salem $539,000
Listed by Coldwell Banker Residential Brokerage - Salem
Feb 28, 2003 Sold
Premium
Sold
Nov 22, 1996 Sold
Premium
Sold
Aug 2, 1996 Listed by Tache Real Estate, Inc. $225,000
Listed by Tache Real Estate, Inc.
SUPERIOR EXECUTIVE HOME. ENGLISH COUNTRY HOME.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 1933
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,127
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,436
  • Total Building Area: 3,156
  • Gross Building Area: 4,764
  • Building Area: 3,156
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,156
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000171
  • 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: R3

Geography

  • Parcel: SALE M:34 L:0032
  • Lot: 32
  • Municipality: SALEM
  • Latitude: 42.5142
  • Longitude: -70.8937

    Address

  • Full Address: 5 Fairfield St
  • Address - House Number: 5
  • Address - Street Name: Fairfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C010
  • 4-Digit Zip Code: 4802
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $914,300

    Appraisal Valuation

  • Standard Deviation: 0.1682
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 898,327
  • High Value: 1,049,445
  • Low Value: 747,210

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $786,800
  • Assessed Land Value: $248,200
  • Assessed Improvements Value: $538,600

    Sales

  • Current Sale Recording Date: Dec 10, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 28, 2003
  • Previous Sale Amount: $439,000
  • 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

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2125 ft²

Average Home Age

87.2 years

Currently For Sale

37 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# 70103785

Frequently Asked Questions

When was property at 5 Fairfield Street built and last sold?
The property at 5 Fairfield Street was built in 1933 and last sold on Jan 1, 1970 for $539,000.
How much is this home worth?
The estimated value of the home located at 5 Fairfield Street is $563,184.
What are some comparable homes to 5 Fairfield Street?
There are currently no comparable homes to 5 Fairfield Street.
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