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Salem 01970 Salem Neck
6 Rice
$549,900
● House - Off Market

6 Rice

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$551,744
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

PRICE CHANGE OPEN HOUSE SATURDAY 11-1! Desirable, conveniently located single family in Salem's Bridge Street Neck neighborhood. This home exudes antique charm combined with modern upgrades for easy living. Major items have been updated recently... plumbing, electrical, and roof. Other highlights include the open, contemporary kitchen and the oversized spa-style main bathroom with luxurious shower / tub. The oversized driveway and 1-car garage makes parking a breeze, a rare find in the area. The back deck leads to a spacious patio and yard, perfect for all entertaining and relaxation needs! See all this home has to offer for yourself...
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$393
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1890

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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 #73106353)

Price History

Date / Event Date Event Price
Jun 29, 2023 Sold
Premium
Sold
May 18, 2023 In contract -
In contract
May 3, 2023 Listed by Herrick Lutts Realty Partners $549,900
Listed by Herrick Lutts Realty Partners
Sep 30, 2002 Sold
Premium
Sold
Aug 14, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 582
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,879
  • Total Building Area: 960
  • Gross Building Area: 1,748
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000066
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0207
  • Lot: 207
  • Municipality: SALEM
  • Latitude: 42.5333
  • Longitude: -70.8886

    Address

  • Full Address: 6 Rice St
  • Address - House Number: 6
  • Address - Street Name: Rice
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 2620
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $556,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1896
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 59
  • Final Value: 563,874
  • High Value: 721,541
  • Low Value: 406,207

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $479,000
  • Assessed Land Value: $153,400
  • Assessed Improvements Value: $325,600

    Sales

  • Current Sale Contract Date: Jun 29, 2023
  • Current Sale Recording Date: Jun 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230629002340
  • Previous Sale Recording Date: Sep 30, 2002
  • Previous Sale Amount: $247,900
  • 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:

$569,900

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

165.5 years

Currently For Sale

13 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# 73106353

Frequently Asked Questions

When was property at 6 Rice Street built and last sold?
The property at 6 Rice Street was built in 1890 and last sold on Jun 29, 2023 for $549,900.
How much is this home worth?
The estimated value of the home located at 6 Rice Street is $556,564.
What are some comparable homes to 6 Rice Street?
There are currently no comparable homes to 6 Rice Street.
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