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Salem 01970 South Salem
5 Pershing Road
$325,000
● House - Off Market

5 Pershing Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,742 Ft²
$655,926
RealtyHop Estimate
101.89%
Since Dec 1, 2003
MA-Boston
Primary Model

About This Property

PRISTINE FULL BSMT RANCH-GLEAMING WOOD FLOORS/FULLY APPLIANC UPDATED KITCHEN/LARGE MASTER BEDROOM W/2 CLOSETS/SEC/C AIR/ LOWER LEVEL COULD BE 3RD BEDROOM OR FAMILY ROOM PLUS A SMALL OFFICE TO THE RIGHT WITH PLENTY OF STORAGE AND LAUNDRY ROOM.
Unit Size
1,742 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$187
Property Type
House
Property Taxes
$254
HOA Dues
-
Year Built
1956

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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 years ago (MLSPIN #30774015)

Price History

Date / Event Date Event Price
Nov 13, 2003 Sold
Premium
Sold
Sep 29, 2003 Listed by Century 21 North East $324,900
Listed by Century 21 North East
Oct 11, 2002 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,502
  • Total Building Area: 1,222
  • Gross Building Area: 2,526
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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:22 L:0140
  • Lot: 140
  • Municipality: SALEM
  • Latitude: 42.4962
  • Longitude: -70.8995

    Address

  • Full Address: 5 Pershing Rd
  • Address - House Number: 5
  • Address - Street Name: Pershing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4331
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $650,700

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 617,081
  • High Value: 730,863
  • Low Value: 503,299

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $560,000
  • Assessed Land Value: $228,600
  • Assessed Improvements Value: $331,400

    Sales

  • Current Sale Recording Date: Nov 13, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 11, 2002
  • Previous Sale Amount: $295,000
  • 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

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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: 4 years ago
Data Source: MLS PIN, MLS# 30774015

Frequently Asked Questions

When was property at 5 Pershing Road built and last sold?
The property at 5 Pershing Road was built in 1956 and last sold on Jan 1, 1970 for $325,000.
How much is this home worth?
The estimated value of the home located at 5 Pershing Road is $346,494.
What are some comparable homes to 5 Pershing Road?
There are currently no comparable homes to 5 Pershing Road.
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