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Salem 01970 South Salem
6 Riverbank Road
Photo of 6 Riverbank Road
Sold on Jun 26, 2006

1

Map

$400,000
● House - Off Market

6 Riverbank Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,332 Ft²
$765,126
RealtyHop Estimate
80.07%
Since Jul 1, 2006
MA-Boston
Primary Model

About This Property

Quiet river front neighborhood on the South Salem/Marblehead line with rights to a small, sandy beach. Roomy three bedroom, two full bath home. Family room, study/den, playroom and fenced in backyard provide many options for family activities. Surroundings include acres of conservation land, hiking and biking trails, recreational parks and Salem Harbor. Walking distance to Salem State College.
Unit Size
2,332 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$182
Property Type
House
Property Taxes
$389
HOA Dues
-
Year Built
1948

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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: 5 months ago (MLSPIN #70346839)

Price History

Date / Event Date Event Price
Jun 27, 2006 Sold
Premium
Sold
Mar 13, 2006 Listed $424,900
Listed
Aug 27, 2004 Sold
Premium
Sold
Oct 9, 2003 Listed $389,900
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 924
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,837
  • Total Building Area: 2,055
  • Gross Building Area: 4,304
  • Building Area: 2,055
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,055
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARBOR VIEW PARK
  • Land Acres: 0000000134
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:31 L:0279
  • Lot: 279
  • Municipality: SALEM
  • Latitude: 42.4963
  • Longitude: -70.8884

    Address

  • Full Address: 6 Riverbank Rd
  • Address - House Number: 6
  • Address - Street Name: Riverbank
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C024
  • 4-Digit Zip Code: 5313
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,300

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 716,506
  • High Value: 830,284
  • Low Value: 602,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $651,700
  • Assessed Land Value: $238,900
  • Assessed Improvements Value: $412,800

    Sales

  • Current Sale Recording Date: Jun 27, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 27, 2004
  • Previous Sale Amount: $373,500
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2089 ft²

Average Home Age

87.5 years

Currently For Sale

39 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# 70346839

Frequently Asked Questions

When was property at 6 Riverbank Road built and last sold?
The property at 6 Riverbank Road was built in 1948 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 Riverbank Road is $450,488.
What are some comparable homes to 6 Riverbank Road?
There are currently no comparable homes to 6 Riverbank Road.
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