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Salem 01970 South Salem
6 Valley Street
Photo of 6 Valley Street
Sold on Jul 30, 2025

32

Map

Photo of 6 Valley Street
Photo of 6 Valley Street
$600,000
● House - Off Market

6 Valley Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,408 Ft²
$3,491
Est. Monthly
5.06%
Cap Rate

About This Property

Witchcraft Heights Location!.  This spacious home features a large kitchen with a separate eating area and plenty of cabinets, an oversized family room with new hardwood flooring, a fireplace and cathedral ceilings with access to a back deck and private backyard.  There are also 3 good size bedrooms with recently refinished hardwood floors, a full size bath, replacement windows, solar panels, a 1 car garage and a partially finished lower level awaiting your finishing touches.  Outside there is a good size deck leading to a nice backyard with a sprinkler system. Nice home in good location.
Unit Size
1,408 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$426
Property Type
House
Property Taxes
$545
HOA Dues
-
Year Built
1958

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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: 2 years ago (MLSPIN #73381147)

Price History

Date / Event Date Event Price
Jul 30, 2025 Sold
Premium
Sold
Jul 10, 2025 In contract -
In contract
Jun 10, 2025 Price Decreased $599,900
↓ $30K (4.8%)
Price Decreased
May 27, 2025 Listed $629,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 7
  • Basement Area: 1,408
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,499
  • Total Building Area: 1,408
  • Gross Building Area: 3,016
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000149
  • 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:0245
  • Lot: 245
  • Municipality: SALEM
  • Latitude: 42.509
  • Longitude: -70.913

    Address

  • Full Address: 6 Valley St
  • Address - House Number: 6
  • Address - Street Name: Valley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1926
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $667,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 637,659
  • High Value: 738,380
  • Low Value: 536,938

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $574,300
  • Assessed Land Value: $208,500
  • Assessed Improvements Value: $365,800
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

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Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73381147

Frequently Asked Questions

When was property at 6 Valley Street built and last sold?
The property at 6 Valley Street was built in 1958 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 6 Valley Street is $603,208.
What are some comparable homes to 6 Valley Street?
There are currently no comparable homes to 6 Valley Street.
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