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Salem 01970 South Salem
50 Gallows Hill Rd
$392,000
● House - Off Market

50 Gallows Hill Rd

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,636 Ft²
$662,877
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Fabulously updated ranch located at the end of a cul de sac in desirable Witchcraft Heights neighborhood! The main level offers gleaming hardwood flooring throughout, three good sized bedrooms and one full bath, a gorgeous fire-placed living room with sunny bay window. Living room opens up into beautifully updated kitchen offering ss appliances, tile backsplash, plenty of cabinet and counter-space. Kitchen leads out to wonderful back deck over-looking the fully fenced in spacious and level backyard. Downstairs you'll find a fully finished walk-out basement with additional full bath, family room, and two more bedrooms. Perfect for in-law or teen suite. Plenty of off-street parking, and close to everything wonderful down-town Salem has to offer - commuter rail, restaurants, and so much more!
Unit Size
1,636 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$244
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1967

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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: 6 months ago (MLSPIN #72057485)

Price History

Date / Event Date Event Price
Oct 21, 2016 Sold
Premium
Sold
Aug 24, 2016 Listed by Redfin Corp. $399,900
Listed by Redfin Corp.
May 22, 2015 Sold
Premium
Sold
Apr 12, 2015 Listed by Redfin Corp. $329,900
Listed by Redfin Corp.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 1,466
  • Gross Building Area: 2,234
  • Building Area: 1,466
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,466
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000269
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:09 L:0216
  • Lot: 216
  • Municipality: SALEM
  • Latitude: 42.5127
  • Longitude: -70.9206

    Address

  • Full Address: 50 Gallows Hill Rd
  • Address - House Number: 50
  • Address - Street Name: Gallows Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1245
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $665,200

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 648,842
  • High Value: 751,330
  • Low Value: 546,355

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $572,500
  • Assessed Land Value: $234,700
  • Assessed Improvements Value: $337,800

    Sales

  • Current Sale Recording Date: Oct 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 422
  • Previous Sale Recording Date: May 22, 2015
  • Previous Sale Amount: $330,000
  • 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:

$615,000

Sale Price/ft²

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1730 ft²

Average Home Age

90.6 years

Currently For Sale

39 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: 6 months ago
Data Source: MLS PIN, MLS# 72057485

Frequently Asked Questions

When was property at 50 Gallows Hill Road built and last sold?
The property at 50 Gallows Hill Road was built in 1967 and last sold on Jan 1, 1970 for $392,000.
How much is this home worth?
The estimated value of the home located at 50 Gallows Hill Road is $401,145.
What are some comparable homes to 50 Gallows Hill Road?
There are currently no comparable homes to 50 Gallows Hill Road.
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