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Salem 01970 North Salem
5 Salt Wall Lane
$655,000
● House - Off Market

5 Salt Wall Lane

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,912 Ft²
$681,707
RealtyHop Estimate
14.57%
Since Aug 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to this beautiful 7 room 3 bedroom home in very desirable North Salem neighborhood! Large beautiful yard with gardens, close to country club for a game of golf! Close to major highways. The property has been built and owned by the same family for 65 Years!!!!! Property offers so many opportunities. Come make this your new home!
Unit Size
1,912 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$311
Property Type
House
Property Taxes
$641
HOA Dues
-
Year Built
1953

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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: 5 years ago (MLSPIN #72847845)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed by RyVal Homes $595,000
Listed by RyVal Homes

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 780
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,768
  • Total Building Area: 1,962
  • Gross Building Area: 3,845
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARLTON G LUTTS
  • Land Acres: 0000000247
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0596
  • Lot: 596
  • Municipality: SALEM
  • Latitude: 42.5339
  • Longitude: -70.8985

    Address

  • Full Address: 5 Salt Wall Ln
  • Address - House Number: 5
  • Address - Street Name: Salt Wall
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2638
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $866,200
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2131
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 732,656
  • High Value: 888,767
  • Low Value: 576,545

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $745,400
  • Assessed Land Value: $267,700
  • Assessed Improvements Value: $477,700

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210709001160
  • Previous Sale Recording Date: Jul 31, 2015
  • 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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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 years ago
Data Source: MLS PIN, MLS# 72847845

Frequently Asked Questions

When was property at 5 Salt Wall Lane built and last sold?
The property at 5 Salt Wall Lane was built in 1953 and last sold on Jul 9, 2021 for $655,000.
How much is this home worth?
The estimated value of the home located at 5 Salt Wall Lane is $615,180.
What are some comparable homes to 5 Salt Wall Lane?
There are currently no comparable homes to 5 Salt Wall Lane.
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