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Salem 01970 South Salem
5 Pickman Road
$699,999
● House - Off Market

5 Pickman Road

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
$743,768
RealtyHop Estimate
6.25%
Since Nov 1, 2022
MA-Boston
Primary Model

About This Property

All New! Looking for a spectacular home with the cozy feel, look no further?!  This home has gone through a full transformation.  Enjoy relaxing on your farmers porch or back deck on those beautiful summer nights or entertaining family and friends in your spacious living room, with recessed lighting. The classy kitchen offers stainless steel appliances, garbage disposal and large pantry closet behind the trendy barn door. The added first floor bath has been tastefully done with ceramic tile shower and is convenient to the first-floor, Main bedroom. This home offers 200 Amp electric, two zone gas heat and "CA" for both comfort and convenience. There are gleaming hardwood floors throughout with a versatile floor plan, a bike shed and "BONUS' oversized two car garage!!
Unit Size
-
Days on Market
-
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1930

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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 #72990176)

Price History

Date / Event Date Event Price
Dec 9, 2022 Sold
Premium
Sold
Oct 11, 2022 No longer available -
No longer available
Oct 7, 2022 Relisted $699,999
Relisted
Oct 7, 2022 No longer available -
No longer available
Jun 6, 2022 Listed by Trinity Real Estate $699,999
Listed by Trinity Real Estate
Show More

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 772
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,752
  • Total Building Area: 1,568
  • Gross Building Area: 2,756
  • Building Area: 1,568
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,568
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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:31 L:0015
  • Lot: 15
  • Municipality: SALEM
  • Latitude: 42.4952
  • Longitude: -70.8954

    Address

  • Full Address: 5 Pickman Rd
  • Address - House Number: 5
  • Address - Street Name: Pickman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4333
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $740,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.18
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 731,171
  • High Value: 851,117
  • Low Value: 611,224

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $637,600
  • Assessed Land Value: $209,800
  • Assessed Improvements Value: $427,800

    Sales

  • Current Sale Contract Date: Dec 09, 2022
  • Current Sale Recording Date: Dec 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221209000300
  • Previous Sale Recording Date: Sep 29, 2021
  • Previous Sale Contract Date: Sep 29, 2021
  • Previous Sale Amount: $325,000
  • Previous Sale Document Type: O
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2100 ft²

Average Home Age

90 years

Currently For Sale

41 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# 72990176

Frequently Asked Questions

When was property at 5 Pickman Road built and last sold?
The property at 5 Pickman Road was built in 1930 and last sold on Dec 9, 2022 for $685,000.
How much is this home worth?
The estimated value of the home located at 5 Pickman Road is $0.
What are some comparable homes to 5 Pickman Road?
There are currently no comparable homes to 5 Pickman Road.
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