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Salem 01970 South Salem
57 Valley Street
$392,000
● House - Off Market

57 Valley Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$726,812
RealtyHop Estimate
81.75%
Since Mar 1, 2015
MA-Boston
Primary Model

About This Property

Quality throughout is what you will find in  this custom built home in desirable Witchcraft Heights location. This home offers an open floor plan which includes living room with fireplace and bow window, dining room  and a well appointed kitchen with pub style  butcher block table.  Off the dining room is a 3 seasons room that enjoys views of the huge yard. This level also has three bedrooms, master bath and guest bath. The first level has a family room with wood stove, additional bedroom or home office and full bath.  There is a one car garage under and also a circular driveway for easy access in and out. The over sized lot offers many possibilities for an in ground pool, vegetable gardens and much more.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.96 acres
Price per sqft
$167
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1985

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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 #71765080)

Price History

Date / Event Date Event Price
Feb 18, 2015 Sold
Premium
Sold
Nov 4, 2014 Listed by Tache Real Estate, Inc. $399,900
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,400
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 41,761
  • Total Building Area: 2,188
  • Gross Building Area: 3,614
  • Building Area: 2,188
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,188
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000959
  • 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:14 L:0088
  • Lot: 88
  • Municipality: SALEM
  • Latitude: 42.5131
  • Longitude: -70.9146

    Address

  • Full Address: 57 Valley St
  • Address - House Number: 57
  • Address - Street Name: Valley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1948
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $735,200

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 714,833
  • High Value: 828,346
  • Low Value: 601,321

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $632,700
  • Assessed Land Value: $214,600
  • Assessed Improvements Value: $418,100

    Sales

  • Current Sale Recording Date: Feb 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 559267
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

2133 ft²

Average Home Age

83.7 years

Currently For Sale

38 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# 71765080

Frequently Asked Questions

When was property at 57 Valley Street built and last sold?
The property at 57 Valley Street was built in 1985 and last sold on Jan 1, 1970 for $392,000.
How much is this home worth?
The estimated value of the home located at 57 Valley Street is $428,142.
What are some comparable homes to 57 Valley Street?
There are currently no comparable homes to 57 Valley Street.
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