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Rockingham
5 Ridgeview Avenue
Photo of 5 Ridgeview Avenue
Sold on Jan 27, 2008

1

Map

$225,000
● House - Off Market

5 Ridgeview Avenue

Salem, NH 03079
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,008 Ft²
$403,785
RealtyHop Estimate
83.62%
Since Feb 1, 2008
National-US
Primary Model

About This Property

Great opportunity for first-timers or as a condo alternative.  This is a nice three-bedroom, one-bathroom ranch home on a nice lot, and in a great family neighborhood; needs cosmetics, but still goin' strong after 40!  Lots of potential here for the do-it-yourselfers to make over these great bones into a charming "Home Sweet Home."  This is a fantastic opportunity to get into tax-free Salem, NH at a super price.  Showings are very easy ... don't wait; likley to go fast.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$218
Property Type
House
Property Taxes
$257
HOA Dues
-
Year Built
1964

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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 #70679607)

Price History

Date / Event Date Event Price
Jan 3, 2014 Sold
Premium
Sold
Jan 25, 2008 Sold
Premium
Sold
Nov 19, 2007 Listed $219,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,810
  • Total Building Area: 1,008
  • Gross Building Area: 2,448
  • Building Area: 1,008
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,008
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000340
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100401

Zoning

  • Zoning: RES

Geography

  • Parcel: SLEM M:152 B:9567 L:
  • Block: 9567
  • Municipality: SALEM
  • Latitude: 42.7447
  • Longitude: -71.1877

    Address

  • Full Address: 5 Ridgeview Ave
  • Address - House Number: 5
  • Address - Street Name: Ridgeview
  • Address - Suffix Type: Ave
  • State: NH
  • City Name: Salem
  • Carrier Code: C007
  • 4-Digit Zip Code: 4434
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $585,800

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 472,009
  • High Value: 553,461
  • Low Value: 390,557

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,400
  • Assessed Land Value: $159,900
  • Assessed Improvements Value: $185,500

    Sales

  • Current Sale Recording Date: Jan 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jan 25, 2008
  • Previous Sale Amount: $225,000
  • 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 Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2911 ft²

Average Home Age

49.2 years

Currently For Sale

1038 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70679607

Frequently Asked Questions

When was property at 5 Ridgeview Avenue built and last sold?
The property at 5 Ridgeview Avenue was built in 1964 and last sold on Jan 1, 1970 for $219,900.
How much is this home worth?
The estimated value of the home located at 5 Ridgeview Avenue is $225,857.
What are some comparable homes to 5 Ridgeview Avenue?
There are currently no comparable homes to 5 Ridgeview Avenue.
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