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Salem 01970 Salem Neck
55 Bay View Ave
$1,350,000
● House - Off Market

55 Bay View Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,288 Ft²
$1,371,962
RealtyHop Estimate
9.76%
Since Feb 1, 2022
MA-Boston
Primary Model

About This Property

Rare opportunity to live in the prestigious Juniper Cove Neighborhood with access to beach. This handsome 4 bedroom home offers an inviting open floor plan which begs for gatherings with family & friends. Over-sized eat-in kitchen with center-island & double ovens is flanked by a breakfast room leading to a fabulous deck overlooking the water. Master bedroom has picturesque ocean view and walk in closet.  Additionally there are three spacious bedrooms, 3.5 baths, plus a grand living/dining room and a finished lower level game/play room.. The house has a large two car garage with direct access to basement plus off-street parking spaces. Surround sound on first floor, lower level and deck.  Let this special property be your next home.
Unit Size
3,288 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$380
Property Type
House
Property Taxes
$961
HOA Dues
-
Year Built
1941

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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 #72919451)

Price History

Date / Event Date Event Price
Jan 14, 2022 Sold
Premium
Sold
Nov 12, 2021 Listed by MerryFox Realty $1,250,000
Listed by MerryFox Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,247
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,527
  • Total Building Area: 3,288
  • Gross Building Area: 5,797
  • Building Area: 3,288
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,288
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:44 L:0068
  • Lot: 68
  • Municipality: SALEM
  • Latitude: 42.5332
  • Longitude: -70.8678

    Address

  • Full Address: 55 Bay View Ave
  • Address - House Number: 55
  • Address - Street Name: Bay View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5753
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,495,600

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 1,290,538
  • High Value: 1,519,641
  • Low Value: 1,061,435

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,287,100
  • Assessed Land Value: $392,300
  • Assessed Improvements Value: $894,800

    Sales

  • Current Sale Contract Date: Jan 10, 2022
  • Current Sale Recording Date: Jan 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220114000600
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 Salem Neck

Stats & Trends

Median Asking:

$599,000

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

61

Average Home Size

1558 ft²

Average Home Age

161.6 years

Currently For Sale

15 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72919451

Frequently Asked Questions

When was property at 55 Bay View Avenue built and last sold?
The property at 55 Bay View Avenue was built in 1941 and last sold on Jan 10, 2022 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 55 Bay View Avenue is $1,273,562.
What are some comparable homes to 55 Bay View Avenue?
There are currently no comparable homes to 55 Bay View Avenue.
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