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Salem 01970 North Salem
6 Larchmont Rd
$437,888
● House - Off Market

6 Larchmont Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,681 Ft²
$583,417
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

Welcome to your classic, Dutch Colonial home in desirable North Salem.  This house features a charming corner lot on a beautiful, tree-lined street.  Bring your imagination and enhance this home with your own style.  Your 3 bedroom, one bathroom house features a spacious dining room and an open living room.  Entering your front door, you'll love your comfortable, sun-splashed family room.  Your ample foyer is a beautiful feature typical of 1930s construction in this neighborhood.  Your bedrooms all have wood flooring under the carpet.  The newer gas heat system keeps your home snug in the winter. Your basement includes plenty of storage.  With some love and attention, you can make North Salem home!  Make an appointment today!
Unit Size
1,681 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$250
Property Type
House
Property Taxes
$543
HOA Dues
-
Year Built
1930

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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 #72610669)

Price History

Date / Event Date Event Price
Mar 16, 2020 Sold
Premium
Sold
Jan 22, 2020 Listed by J. Barrett & Company $419,900
Listed by J. Barrett & Company
Jan 1, 1972 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 771
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,463
  • Gross Building Area: 2,552
  • Building Area: 1,463
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,463
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN PARK
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: SALEM SD
  • Census Tract: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0550
  • Lot: 550
  • Municipality: SALEM
  • Latitude: 42.5317
  • Longitude: -70.8985

    Address

  • Full Address: 6 Larchmont Rd
  • Address - House Number: 6
  • Address - Street Name: Larchmont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2420
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $730,400

    Appraisal Valuation

  • Standard Deviation: 0.2266
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 656,445
  • High Value: 773,664
  • Low Value: 539,226

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $628,600
  • Assessed Land Value: $201,000
  • Assessed Improvements Value: $427,600

    Sales

  • Current Sale Contract Date: Mar 04, 2020
  • Current Sale Recording Date: Mar 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200316002320
  • Previous Sale Recording Date: Jan 01, 1972
  • Previous Sale Amount: $65,800
  • 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 North Salem

Stats & Trends

Median Asking:

$650,000

Sale Price/ft²

$420

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1594 ft²

Average Home Age

107.5 years

Currently For Sale

22 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# 72610669

Frequently Asked Questions

When was property at 6 Larchmont Road built and last sold?
The property at 6 Larchmont Road was built in 1930 and last sold on Mar 4, 2020 for $437,888.
How much is this home worth?
The estimated value of the home located at 6 Larchmont Road is $437,251.
What are some comparable homes to 6 Larchmont Road?
There are currently no comparable homes to 6 Larchmont Road.
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