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Salem 01970 South Salem
6 Center St.
$430,000
● House - Off Market

6 Center St.

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
841 Ft²
$2,357
Est. Monthly

About This Property

Great opportunity to realize home ownership,  this 3 bed 1 bath Located in Salem awaits its next home owner.  Features brand New furnace with one year warranty. Original period features, spacious layout, and a generous backyard provide ample potential. An ideal project for history enthusiasts. Conveniently close to public transportation,University, downtown shops and parks. This fixer-upper is a unique opportunity to start building equity while shaping a historic home into a modern treasure. Embrace the challenge and  begin your journey towards revitalizing this charming piece of Salem's past.
Unit Size
841 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$474
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1870

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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 #73179829)

Price History

Date / Event Date Event Price
Dec 18, 2023 Sold
Premium
Sold
Nov 21, 2023 In contract -
In contract
Nov 12, 2023 Listed by Coldwell Banker Realty - Lynnfield $399,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • 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: 16
  • 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: 420
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 4,626
  • Total Building Area: 841
  • Gross Building Area: 1,543
  • Building Area: 841
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 841
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000106
  • 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:10 L:0099
  • Lot: 99
  • Municipality: SALEM
  • Latitude: 42.5192
  • Longitude: -70.9209

    Address

  • Full Address: 6 Center St
  • Address - House Number: 6
  • Address - Street Name: Center
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1118
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 445,885
  • High Value: 560,246
  • Low Value: 331,525

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,800
  • Assessed Land Value: $193,200
  • Assessed Improvements Value: $229,600

    Sales

  • Current Sale Contract Date: Dec 05, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231218000790
  • Previous Sale Recording Date: Aug 18, 2016
  • 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:

$615,000

Sale Price/ft²

$369

Below Asking

0.02%

Average Days on Market

56

Average Home Size

2144 ft²

Average Home Age

91.3 years

Currently For Sale

36 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# 73179829

Frequently Asked Questions

When was property at 6 Center Street built and last sold?
The property at 6 Center Street was built in 1870 and last sold on Dec 5, 2023 for $430,000.
How much is this home worth?
The estimated value of the home located at 6 Center Street is $402,590.
What are some comparable homes to 6 Center Street?
There are currently no comparable homes to 6 Center Street.
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