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Salem 01970 South Salem
53 Gallows Hill Road
$448,000
● House - Off Market

53 Gallows Hill Road

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,954 Ft²
$986,300
RealtyHop Estimate
114.88%
Since Mar 1, 2003
MA-Boston
Primary Model

About This Property

METICULOUSLY MAINTAINED COLONIAL WITH SPECTACULAR VIEWS IN DESIRABLE WITCHCRAFT HEIGHTS. 4-5 BEDROOMS WITH MASTER-SUITE FIREPLACED LIVINGROOM, CUST. MANTEL, HW FLOORS. PATIO&DECK 2 CAR GARAGE. PROF. MAINT. LANDSCAPED YARD.
Unit Size
2,954 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
House
Property Taxes
$296
HOA Dues
-
Year Built
1968

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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 months ago (MLSPIN #30652952)

Price History

Date / Event Date Event Price
Mar 3, 2003 Sold
Premium
Sold
Sep 26, 2002 Listed by Coldwell Banker Residential Brokerage - Beverly 131 Dodge St. $459,000
Listed by Coldwell Banker Residential Brokerage - Beverly 131 Dodge St.
Mar 20, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 9
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,301
  • Total Building Area: 2,954
  • Gross Building Area: 4,072
  • Building Area: 2,954
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,954
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000282
  • 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:0229
  • Lot: 229
  • Municipality: SALEM
  • Latitude: 42.5122
  • Longitude: -70.9208

    Address

  • Full Address: 53 Gallows Hill Rd
  • Address - House Number: 53
  • Address - Street Name: Gallows Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1241
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $827,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 834,387
  • High Value: 975,419
  • Low Value: 693,355

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $712,000
  • Assessed Land Value: $237,700
  • Assessed Improvements Value: $474,300

    Sales

  • Current Sale Recording Date: Mar 03, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 20, 1987
  • Previous Sale Amount: $230,000
  • 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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2188 ft²

Average Home Age

89.2 years

Currently For Sale

45 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 months ago
Data Source: MLS PIN, MLS# 30652952

Frequently Asked Questions

When was property at 53 Gallows Hill Road built and last sold?
The property at 53 Gallows Hill Road was built in 1968 and last sold on Jan 1, 1970 for $448,000.
How much is this home worth?
The estimated value of the home located at 53 Gallows Hill Road is $463,339.
What are some comparable homes to 53 Gallows Hill Road?
There are currently no comparable homes to 53 Gallows Hill Road.
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