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Salem 01970 Salem Neck
6 Milk Street
Photo of 6 Milk Street
Sold on May 16, 2005

1

Map

$410,000
● House - Off Market

6 Milk Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,730 Ft²
$714,877
RealtyHop Estimate
76.56%
Since Jun 1, 2005
MA-Boston
Primary Model

About This Property

CHARMING NANTUCKET STYLE ANTIQUE COLONIAL LOCATED IN QUIET NEIGBORHOOD STEPS FROM THE SALEM COMMON AND COLLINS COVE. COMPLETELY RENOVATED WITH GLEAMING HARDWOOD FLOORS, STAINLESS STELL APPLIANCES, CATHEDRAL CEILING-- OVERSIZED CLOSETS, AND TWO CAR OFF-STREET PARKING. A MUST SEE.
Unit Size
1,730 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$234
Property Type
House
Property Taxes
$232
HOA Dues
-
Year Built
1880

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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 #70169297)

Price History

Date / Event Date Event Price
May 16, 2005 Sold
Premium
Sold
Apr 7, 2005 Listed $404,900
Listed
Mar 4, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 656
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,673
  • Total Building Area: 1,730
  • Gross Building Area: 2,450
  • Building Area: 1,730
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,730
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000038
  • 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: 204400

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:35 L:0576
  • Lot: 576
  • Municipality: SALEM
  • Latitude: 42.5264
  • Longitude: -70.888

    Address

  • Full Address: 6 Milk St
  • Address - House Number: 6
  • Address - Street Name: Milk
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C008
  • 4-Digit Zip Code: 4013
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $656,900

    Appraisal Valuation

  • Standard Deviation: 0.2165
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 705,513
  • High Value: 858,154
  • Low Value: 552,871

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $565,300
  • Assessed Land Value: $178,800
  • Assessed Improvements Value: $386,500

    Sales

  • Current Sale Recording Date: May 16, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 04, 2003
  • Previous Sale Amount: $245,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$589,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1626 ft²

Average Home Age

166.3 years

Currently For Sale

14 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# 70169297

Frequently Asked Questions

When was property at 6 Milk Street built and last sold?
The property at 6 Milk Street was built in 1880 and last sold on Jan 1, 1970 for $410,000.
How much is this home worth?
The estimated value of the home located at 6 Milk Street is $423,167.
What are some comparable homes to 6 Milk Street?
There are currently no comparable homes to 6 Milk Street.
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