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Salem 01970 North Salem
51 Buffum Street
$409,000
● House - Off Market

51 Buffum Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,328 Ft²
$582,557
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Welcome to this 3 bed, 1.5 bath home located in a wonderful residential neighborhood and within close proximity to downtown Salem. Come see all it has to offer and enjoy great waterside restaurants at Pickering Wharf, boutique shops, museums, and all the historic attractions that come along with it. For the commuter, this is the ideal location with just a short distance from the commuter rail, ferry to Boston, and major routes and highways. This home offers an eat-in kitchen, formal living and dining room with beautiful built-ins,  in home office, laundry room, and play area. Also, enjoy those comfortable summer nights out on the screened in porch. Outdoor entertaining is a breeze with the spacious deck that overlooks the above ground pool and lush green space.
Unit Size
2,328 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$176
Property Type
House
Property Taxes
$429
HOA Dues
-
Year Built
1890

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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 #72559775)

Price History

Date / Event Date Event Price
Nov 4, 2019 Sold
Premium
Sold
Sep 5, 2019 Listed by RE/MAX On the River, Inc. $409,000
Listed by RE/MAX On the River, Inc.
Jan 1, 1977 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 902
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 5,401
  • Total Building Area: 1,909
  • Gross Building Area: 3,838
  • Building Area: 1,909
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,909
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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: R2

Geography

  • Parcel: SALE M:27 L:0024
  • Lot: 24
  • Municipality: SALEM
  • Latitude: 42.5286
  • Longitude: -70.9057

    Address

  • Full Address: 51 Buffum St
  • Address - House Number: 51
  • Address - Street Name: Buffum
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C014
  • 4-Digit Zip Code: 2369
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $618,400

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 637,294
  • High Value: 790,909
  • Low Value: 483,679

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $532,200
  • Assessed Land Value: $197,000
  • Assessed Improvements Value: $335,200

    Sales

  • Current Sale Contract Date: Nov 01, 2019
  • Current Sale Recording Date: Nov 04, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191104001540
  • Previous Sale Recording Date: Jan 01, 1977
  • Previous Sale Amount: $35,400
  • 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:

$659,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1635 ft²

Average Home Age

98.2 years

Currently For Sale

20 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# 72559775

Frequently Asked Questions

When was property at 51 Buffum Street built and last sold?
The property at 51 Buffum Street was built in 1890 and last sold on Nov 1, 2019 for $409,000.
How much is this home worth?
The estimated value of the home located at 51 Buffum Street is $441,463.
What are some comparable homes to 51 Buffum Street?
There are currently no comparable homes to 51 Buffum Street.
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