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Salem 01970 South Salem
5 Gables Circle
$376,000
● House - Off Market

5 Gables Circle

Salem, MA 01970
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,670 Ft²
$736,491
RealtyHop Estimate
94.32%
Since Jun 1, 2013
MA-Boston
Primary Model

About This Property

Large Witchcraft Heights Garrison with newer windows, roof and siding. Hardwood floors throughout. Bedrooms are spacious along with a large lot.
Unit Size
2,670 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$142
Property Type
House
Property Taxes
$471
HOA Dues
-
Year Built
1966

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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 #71514817)

Price History

Date / Event Date Event Price
May 31, 2013 Sold
Premium
Sold
Apr 25, 2013 Listed by Armstrong Field Real Estate $379,000
Listed by Armstrong Field Real Estate
Feb 1, 1999 Sold
Premium
Sold
Sep 22, 1998 Listed by Armstrong Field Real Estate $179,900
Listed by Armstrong Field Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,128
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 8,468
  • Total Building Area: 2,670
  • Gross Building Area: 3,626
  • Building Area: 2,670
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,670
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000194
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0007
  • Lot: 7
  • Municipality: SALEM
  • Latitude: 42.5148
  • Longitude: -70.919

    Address

  • Full Address: 5 Gables Cir
  • Address - House Number: 5
  • Address - Street Name: Gables
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1217
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $719,600

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 726,955
  • High Value: 853,133
  • Low Value: 600,776

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $619,300
  • Assessed Land Value: $218,400
  • Assessed Improvements Value: $400,900

    Sales

  • Current Sale Recording Date: May 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 583
  • Previous Sale Recording Date: Feb 01, 1999
  • Previous Sale Amount: $172,000
  • 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:

$616,750

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2099 ft²

Average Home Age

85.6 years

Currently For Sale

40 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# 71514817

Frequently Asked Questions

When was property at 5 Gables Circle built and last sold?
The property at 5 Gables Circle was built in 1966 and last sold on Jan 1, 1970 for $376,000.
How much is this home worth?
The estimated value of the home located at 5 Gables Circle is $378,644.
What are some comparable homes to 5 Gables Circle?
There are currently no comparable homes to 5 Gables Circle.
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