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Salem 01970 South Salem
6 Cloverdale Ave
$610,000
● House - Off Market

6 Cloverdale Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,727 Ft²
$634,978
RealtyHop Estimate
6.01%
Since Mar 1, 2023
MA-Boston
Primary Model

About This Property

Your long waiting is over. Salem Witchcraft Heights Neighborhood, close proximity to highway, shopping center. This well-maintained 3bd 1.5b updated house just freshly painted with shiny floors. Huge open concept kitchen with Granite countertop, high-end SS appliances is perfect for entertaining friends & family. Kitchen Island with Breakfast bar lit by gorgeous pendant lighting followed by plenty of recessed light through out kitchen & family room. Modern bathroom fittings. Oversized back deck is too perfect for BBQ or outdoor party. Nice tree-lined backyard can be turn in to a mini botanical garden. Newly installed power garage door opener. Don't wait too long, this property is very competitive priced to sell, very motivated seller.
Unit Size
1,727 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$347
Property Type
House
Property Taxes
$517
HOA Dues
-
Year Built
1962

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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: 6 months ago (MLSPIN #73040139)

Price History

Date / Event Date Event Price
Feb 13, 2023 Sold
Premium
Sold
Jan 11, 2023 In contract -
In contract
Jan 2, 2023 Relisted $420,000
Relisted
Jan 1, 2023 No longer available -
No longer available
Nov 28, 2022 Price Decreased $599,000
↓ $46K (7.1%)
Price Decreased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,366
  • Total Building Area: 1,727
  • Gross Building Area: 2,682
  • Building Area: 1,727
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,727
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000169
  • 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:08 L:0084
  • Lot: 84
  • Municipality: SALEM
  • Latitude: 42.5056
  • Longitude: -70.9241

    Address

  • Full Address: 6 Cloverdale Ave
  • Address - House Number: 6
  • Address - Street Name: Cloverdale
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1802
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $682,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 643,249
  • High Value: 755,127
  • Low Value: 531,370

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $587,600
  • Assessed Land Value: $187,500
  • Assessed Improvements Value: $400,100

    Sales

  • Current Sale Contract Date: Feb 13, 2023
  • Current Sale Recording Date: Feb 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230213002580
  • Previous Sale Recording Date: Jul 15, 2016
  • Previous Sale Amount: $420,000
  • Previous Sale Document Type: O
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

$370

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1774 ft²

Average Home Age

90.6 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: 6 months ago
Data Source: MLS PIN, MLS# 73040139

Frequently Asked Questions

When was property at 6 Cloverdale Avenue built and last sold?
The property at 6 Cloverdale Avenue was built in 1962 and last sold on Feb 13, 2023 for $610,000.
How much is this home worth?
The estimated value of the home located at 6 Cloverdale Avenue is $599,386.
What are some comparable homes to 6 Cloverdale Avenue?
There are currently no comparable homes to 6 Cloverdale Avenue.
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