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Salem 01970 South Salem
6 Cottage St
$530,000
● House - Off Market

6 Cottage St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 2 Half Baths
square feet
2,572 Ft²
$751,582
RealtyHop Estimate
36.68%
Since Jul 1, 2020
MA-Boston
Primary Model

About This Property

**SHOWINGS TO BEGIN AGAIN IN A PRIVATE SHOWING SETTING ONLY**  Welcome to 6 Cottage Street in Salem! This home features a desirable open concept lay out. The main level boasts hardwood floors, stainless steel appliances, and easy access to your BRAND NEW deck. Venture upstairs where you have three spacious bedrooms with a master bedroom that has vaulted ceilings, an en suite bathroom and two large walk in closets! The basement level has a finished game room/man cave area with IN-LAW potential and access to the attached garage. Close to schools, restaurants, shops, Salem Hospital, Salem State, and so much more! Open . Make your appointment today!
Unit Size
2,572 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$214
Property Type
House
Property Taxes
$499
HOA Dues
-
Year Built
1963

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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 #72634799)

Price History

Date / Event Date Event Price
Jun 22, 2020 Sold
Premium
Sold
Mar 17, 2020 Listed by Shea Real Estate $549,900
Listed by Shea Real Estate
Mar 21, 2011 Sold
Premium
Sold
Jul 1, 2010 Listed by Shea Real Estate $299,000
Listed by Shea Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,080
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 7,501
  • Total Building Area: 2,200
  • Gross Building Area: 3,526
  • Building Area: 2,200
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OCEAN VIEW PARK
  • Land Acres: 0000000172
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0202
  • Lot: 202
  • Municipality: SALEM
  • Latitude: 42.5102
  • Longitude: -70.9094

    Address

  • Full Address: 6 Cottage St
  • Address - House Number: 6
  • Address - Street Name: Cottage
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 2861
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $643,700

    Appraisal Valuation

  • Standard Deviation: 0.2148
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 677,773
  • High Value: 795,415
  • Low Value: 560,130

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $554,000
  • Assessed Land Value: $188,100
  • Assessed Improvements Value: $365,900

    Sales

  • Current Sale Contract Date: Jun 17, 2020
  • Current Sale Recording Date: Jun 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200622005560
  • Previous Sale Recording Date: Mar 21, 2011
  • Previous Sale Amount: $307,500
  • 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:

$616,750

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2099 ft²

Average Home Age

85.6 years

Currently For Sale

40 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# 72634799

Frequently Asked Questions

When was property at 6 Cottage Street built and last sold?
The property at 6 Cottage Street was built in 1963 and last sold on Jun 17, 2020 for $530,000.
How much is this home worth?
The estimated value of the home located at 6 Cottage Street is $567,473.
What are some comparable homes to 6 Cottage Street?
There are currently no comparable homes to 6 Cottage Street.
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