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Salem 01970 South Salem
6 Mooney Rd
$305,000
● House - Off Market

6 Mooney Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,240 Ft²
$512,716
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

New Year! New Home!  Light-filled hilltop home.  Cozy up next to the fireplace in the living room this winter.  Large eat in kitchen opens to terrific backyard, dining room, 3 BRS, study or workshop, laundry room/half bath. Garage workshop area and access to huge attic.  New flooring needed in bedrooms. Wonderful flat back yard with big storage shed and patio. In a newly expanded neighborhood of cul de sac homes.   Great area for walking & enjoying the playground. Close to Bowditch K-8 School & 5 minutes to high school.  Only 10-15" to Willows & Forest River Parks/Beaches, bring your paddleboard, kayak, or surf. Convenient to shopping, restaurants, parks & more.  See it today!
Unit Size
1,240 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$257
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1992

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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 #72092109)

Price History

Date / Event Date Event Price
Jan 6, 2021 Sold
Premium
Sold
Oct 13, 2020 Listed by Keller Williams Realty Evolution $439,900
Listed by Keller Williams Realty Evolution
Mar 24, 2017 Sold
Premium
Sold
Nov 9, 2016 Listed by Keller Williams Realty Evolution $319,000
Listed by Keller Williams Realty Evolution
Apr 15, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,618
  • Total Building Area: 1,240
  • Gross Building Area: 1,740
  • Building Area: 1,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,240
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • 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:14 L:0300
  • Lot: 300
  • Municipality: SALEM
  • Latitude: 42.5079
  • Longitude: -70.9166

    Address

  • Full Address: 6 Mooney Rd
  • Address - House Number: 6
  • Address - Street Name: Mooney
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C042
  • 4-Digit Zip Code: 1924
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $601,300

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 590,702
  • High Value: 684,006
  • Low Value: 497,398

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,500
  • Assessed Land Value: $201,800
  • Assessed Improvements Value: $315,700

    Sales

  • Current Sale Contract Date: Jan 05, 2021
  • Current Sale Recording Date: Jan 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210106001220
  • Previous Sale Recording Date: Mar 24, 2017
  • Previous Sale Amount: $305,000
  • Previous Sale Document Type: O
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

$370

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# 72092109

Frequently Asked Questions

When was property at 6 Mooney Road built and last sold?
The property at 6 Mooney Road was built in 1992 and last sold on Jan 5, 2021 for $429,000.
How much is this home worth?
The estimated value of the home located at 6 Mooney Road is $441,236.
What are some comparable homes to 6 Mooney Road?
There are currently no comparable homes to 6 Mooney Road.
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