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Salem 01970 South Salem
6 Gallows Cir
$415,000
● House - Off Market

6 Gallows Cir

Salem, MA 01970
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,668 Ft²
$702,597
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

ROOM FOR EVERYONE OR ANYTHING! This 6 bedroom,  lovely home has a beautiful updated kitchen with lots of cabinets , granite countertops, and stainless appliances. The entrance highlights the gleaming hardwood floors, bay window and brick fireplace. With 6 bedrooms, bonus room and family room, there's a place for anything you want to do... office? arts and crafts room? playroom? the opportunities are endless.....The large yard gives you space for play, ....planting,....cookouts as well.  What more could you ask for? How about a nice quiet cut-de-sac in a wonderful location...
Unit Size
2,668 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$157
Property Type
House
Property Taxes
$451
HOA Dues
-
Year Built
1969

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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 #71986417)

Price History

Date / Event Date Event Price
Jun 30, 2016 Sold
Premium
Sold
Apr 11, 2016 Listed by Martel Real Estate $420,000
Listed by Martel Real Estate
Sep 8, 2015 Sold
Premium
Sold
Aug 11, 2015 Listed by Martel Real Estate $289,900
Listed by Martel Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 7
  • Basement Area: 1,368
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,402
  • Total Building Area: 1,368
  • Gross Building Area: 3,066
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000285
  • 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:15 L:0036
  • Lot: 36
  • Municipality: SALEM
  • Latitude: 42.5155
  • Longitude: -70.9186

    Address

  • Full Address: 6 Gallows Cir
  • Address - House Number: 6
  • Address - Street Name: Gallows
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1219
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $681,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 653,883
  • High Value: 767,378
  • Low Value: 540,387

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,400
  • Assessed Land Value: $238,200
  • Assessed Improvements Value: $348,200

    Sales

  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 903
  • Previous Sale Recording Date: Sep 08, 2015
  • Previous Sale Amount: $280,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 71986417

Frequently Asked Questions

When was property at 6 Gallows Circle built and last sold?
The property at 6 Gallows Circle was built in 1969 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 6 Gallows Circle is $418,069.
What are some comparable homes to 6 Gallows Circle?
There are currently no comparable homes to 6 Gallows Circle.
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