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Salem 01970 South Salem
6 Francis Road
$300,000
● House - Off Market

6 Francis Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,490 Ft²
$591,951
RealtyHop Estimate
87.98%
Since Dec 1, 2006
MA-Boston
Primary Model

About This Property

This well maintained ranch features a lovely living room with a fireplace, a large eat in kitchen and three bedrooms.  A garage under that accesses a finished basement family area, with a half bath, shower and laundry. A tree studded yard frames this lovely home.  Ideal location near schools, shopping and connecting routes.  A must see.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$211
Property Type
House
Property Taxes
$268
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: 4 months ago (MLSPIN #70400784)

Price History

Date / Event Date Event Price
Nov 17, 2006 Sold
Premium
Sold
Jun 5, 2006 Listed by Carlson GMAC Real Estate $314,900
Listed by Carlson GMAC Real Estate

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 1,702
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,071
  • Total Building Area: 2,128
  • Gross Building Area: 2,128
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: SALEM SD
  • Census Tract: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:25 L:0411
  • Lot: 411
  • Municipality: SALEM
  • Latitude: 42.5147
  • Longitude: -70.9033

    Address

  • Full Address: 6 Francis Rd
  • Address - House Number: 6
  • Address - Street Name: Francis
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2908
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $580,400

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 581,908
  • High Value: 681,443
  • Low Value: 482,373

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $499,500
  • Assessed Land Value: $179,500
  • Assessed Improvements Value: $320,000

    Sales

  • Current Sale Recording Date: Nov 17, 2006
  • Current Sale Price:
    Premium
  • Current 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:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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: 4 months ago
Data Source: MLS PIN, MLS# 70400784

Frequently Asked Questions

When was property at 6 Francis Road built and last sold?
The property at 6 Francis Road was built in 1962 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 6 Francis Road is $330,706.
What are some comparable homes to 6 Francis Road?
There are currently no comparable homes to 6 Francis Road.
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