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Salem 01970 South Salem
6 Madeline Avenue
Photo of 6 Madeline Avenue
Sold on Apr 18, 2025

30

Map

Photo of 6 Madeline Avenue
Photo of 6 Madeline Avenue
$760,000
● House - Off Market

6 Madeline Avenue

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,208 Ft²
$4,305
Est. Monthly
6.53%
Cap Rate

About This Property

Move right into this beautiful 4-bedroom, 2-bath home in Salem! This 1963 raised ranch welcomes you with an abundance of natural light and has numerous recent improvements including new Hardwood Floors throughout (2020) Furnace, Central A/C and Hot Water (2019), updated Kitchen (2018). and updated Baths (2020). The first floor consists of a bedroom, full bath, family room, and laundry room. The main living area opens up to the fireplaced living room with vaulted ceilings and skylights, a beautifully updated kitchen and large dining room with a pellet stove. Your outdoor space includes 2 decks, a patio with a firepit and a BONUS outdoor "person cave", great for entertaining guests, use as a studio, home office or all those things! Showings begin Saturday, March 1st from 12:00-2:00pm.
Unit Size
2,208 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$338
Property Type
House
Property Taxes
$637
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: 6 months ago (MLSPIN #73338913)

Price History

Date / Event Date Event Price
Apr 18, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Feb 26, 2025 Listed $747,000
Listed
Aug 31, 2017 Sold
Premium
Sold
Jul 26, 2017 Listed $449,000
Listed
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,240
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,601
  • Total Building Area: 1,880
  • Gross Building Area: 2,865
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000335
  • 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:03 L:0040
  • Lot: 40
  • Municipality: SALEM
  • Latitude: 42.499
  • Longitude: -70.933

    Address

  • Full Address: 6 Madeline Ave
  • Address - House Number: 6
  • Address - Street Name: Madeline
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1747
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $746,100

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 760,267
  • High Value: 880,995
  • Low Value: 639,540

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $642,100
  • Assessed Land Value: $219,500
  • Assessed Improvements Value: $422,600

    Sales

  • Current Sale Contract Date: Aug 31, 2017
  • Current Sale Recording Date: Aug 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 585792
  • Previous Sale Recording Date: Jan 20, 2009
  • Previous Sale Document Type: 48
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

$368

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1730 ft²

Average Home Age

90.6 years

Currently For Sale

39 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# 73338913

Frequently Asked Questions

When was property at 6 Madeline Avenue built and last sold?
The property at 6 Madeline Avenue was built in 1963 and last sold on Aug 31, 2017 for $480,000.
How much is this home worth?
The estimated value of the home located at 6 Madeline Avenue is $740,334.
What are some comparable homes to 6 Madeline Avenue?
There are currently no comparable homes to 6 Madeline Avenue.
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