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Salem 01970 North Salem
6 Nursery Street
$400,000
● House - Off Market

6 Nursery Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,675 Ft²
$662,877
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Meticulous Colonial that underwent a major renovation in 2009, beautifully done (with some original trim details) to maintain the homes character. This low maintenance home has 6 rooms, 3 spacious bedrooms with large closets, and 2 full baths. First floor features kitchen with granite countertops and center island, open concept living room & dining room, and first floor laundry. Central Air and two zone gas heat. Level fenced back yard with brick patio. Two car detached garage and plenty of off street parking. Home has energy and cost saving Solar Panels. Unfinished basement offers expansion potential.  Fantastic location convenient to center, train, and Rt. 128.
Unit Size
1,675 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$239
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1870

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72062960)

Price History

Date / Event Date Event Price
Oct 17, 2016 Sold
Premium
Sold
Sep 7, 2016 Listed by RE/MAX Leading Edge $399,900
Listed by RE/MAX Leading Edge
Jul 14, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1870
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,075
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,901
  • Total Building Area: 1,545
  • Gross Building Area: 3,212
  • Building Area: 1,545
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,545
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:17 L:0215
  • Lot: 215
  • Municipality: SALEM
  • Latitude: 42.5312
  • Longitude: -70.9078

    Address

  • Full Address: 6 Nursery St
  • Address - House Number: 6
  • Address - Street Name: Nursery
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C016
  • 4-Digit Zip Code: 1615
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $660,200

    Appraisal Valuation

  • Standard Deviation: 0.2148
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 638,848
  • High Value: 776,070
  • Low Value: 501,625

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $568,200
  • Assessed Land Value: $194,500
  • Assessed Improvements Value: $373,700

    Sales

  • Current Sale Recording Date: Oct 17, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16
  • Previous Sale Recording Date: Jul 14, 2014
  • Previous Sale Contract Date: Jul 14, 2014
  • Previous Sale Amount: $636,450
  • 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

$415

Below Asking

0.02%

Average Days on Market

55

Average Home Size

1584 ft²

Average Home Age

101.2 years

Currently For Sale

19 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# 72062960

Frequently Asked Questions

When was property at 6 Nursery Street built and last sold?
The property at 6 Nursery Street was built in 1870 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 6 Nursery Street is $416,682.
What are some comparable homes to 6 Nursery Street?
There are currently no comparable homes to 6 Nursery Street.
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