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Salem 01970 North Salem
6 Oak Street
$243,900
● House - Off Market

6 Oak Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,452 Ft²
$517,791
RealtyHop Estimate
115.84%
Since Nov 1, 2002
MA-Boston
Primary Model

About This Property

GREAT SIZE HOME WITH VERY NICE YARD , HOME IN NEED OF T.L.C BUT WELL WORTH THE EFFORT TO BUILD UP IMMED. SWEAT EQUITY IN THIS PROPERTY FOR THE RIGHT BUYER WITH VISON
Unit Size
1,452 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$165
Property Type
House
Property Taxes
$175
HOA Dues
-
Year Built
1800

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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 years ago (MLSPIN #30650578)

Price History

Date / Event Date Event Price
Nov 26, 2008 Sold
Premium
Sold
Oct 15, 2008 Sold
Premium
Sold
Oct 10, 2008 Listed by Century 21 Tradition $138,000
Listed by Century 21 Tradition
Oct 31, 2002 Sold
Premium
Sold
Sep 25, 2002 Listed by Century 21 Tradition $239,900
Listed by Century 21 Tradition

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 868
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,419
  • Total Building Area: 1,452
  • Gross Building Area: 2,852
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • 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:16 L:0344
  • Lot: 344
  • Municipality: SALEM
  • Latitude: 42.5218
  • Longitude: -70.908

    Address

  • Full Address: 6 Oak St
  • Address - House Number: 6
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C036
  • 4-Digit Zip Code: 2207
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $512,600

    Appraisal Valuation

  • Standard Deviation: 0.1909
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 514,469
  • High Value: 612,677
  • Low Value: 416,262

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $441,100
  • Assessed Land Value: $163,700
  • Assessed Improvements Value: $277,400

    Sales

  • Current Sale Recording Date: Nov 26, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 15, 2008
  • Previous Sale Amount: $322,994
  • Previous Sale Document Type: 34
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

1591 ft²

Average Home Age

103.5 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: 4 years ago
Data Source: MLS PIN, MLS# 30650578

Frequently Asked Questions

When was property at 6 Oak Street built and last sold?
The property at 6 Oak Street was built in 1800 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 6 Oak Street is $0.
What are some comparable homes to 6 Oak Street?
There are currently no comparable homes to 6 Oak Street.
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