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Salem 01970 South Salem
5 Quadrant Road
$515,000
● House - Off Market

5 Quadrant Road

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,471 Ft²
$715,244
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

This classic colonial is nestled on a grassy knoll on a dead end street in a peaceful neighborhood.  Lots of natural light and gleaming hardwood floors will greet you as well as a formal dining room and expansive living room with fireplace, just perfect for large family gatherings. Four generous bedrooms, first floor laundry and (owned) solar panels heat the hot water tank.  Close to shopping, Fall activities, entertainment and fantastic restaurants are just a few of the area amenities that you won't be able to resist.  Home sweet home at 5 Quadrant Road awaits you.  Don't miss it!
Unit Size
2,471 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$202
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
1963

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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 months ago (MLSPIN #72545584)

Price History

Date / Event Date Event Price
Sep 27, 2019 Sold
Premium
Sold
Aug 6, 2019 Listed by Lux Realty North Shore $499,900
Listed by Lux Realty North Shore
Jan 1, 1963 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 954
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,505
  • Total Building Area: 2,471
  • Gross Building Area: 3,590
  • Building Area: 2,471
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,471
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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:0115
  • Lot: 115
  • Municipality: SALEM
  • Latitude: 42.4985
  • Longitude: -70.899

    Address

  • Full Address: 5 Quadrant Rd
  • Address - House Number: 5
  • Address - Street Name: Quadrant
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4432
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,400

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 747,688
  • High Value: 866,417
  • Low Value: 628,958

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $651,800
  • Assessed Land Value: $213,600
  • Assessed Improvements Value: $438,200

    Sales

  • Current Sale Contract Date: Sep 18, 2019
  • Current Sale Recording Date: Sep 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190927001640
  • Previous Sale Recording Date: Jan 01, 1963
  • Previous Sale Amount: $28,000
  • 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

$369

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 months ago
Data Source: MLS PIN, MLS# 72545584

Frequently Asked Questions

When was property at 5 Quadrant Road built and last sold?
The property at 5 Quadrant Road was built in 1963 and last sold on Sep 18, 2019 for $515,000.
How much is this home worth?
The estimated value of the home located at 5 Quadrant Road is $525,331.
What are some comparable homes to 5 Quadrant Road?
There are currently no comparable homes to 5 Quadrant Road.
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