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Salem 01970 North Salem
60 Buffum St
$277,500
● House - Off Market

60 Buffum St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,308 Ft²
$555,691
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Lovely home only a few minute walk from historic down town Salem. Walker friendly neighborhood. All newer and updated systems: Plumbing, Heating, Electric.  Beautiful hard-wood floors throughout; excellent layout. Continously updated and improved; move right in condition.
Unit Size
1,308 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$222
Property Type
House
Property Taxes
$318
HOA Dues
-
Year Built
1870

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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 months ago (MLSPIN #71432621)

Price History

Date / Event Date Event Price
Jun 17, 2013 Sold
Premium
Sold
Sep 9, 2012 Listed by Fountain Realty $289,900
Listed by Fountain Realty
Mar 20, 2007 Sold
Premium
Sold
Nov 1, 2006 Sold
Premium
Sold
Oct 13, 2006 Listed by Fountain Realty $219,000
Listed by Fountain Realty
Show More

Property Highlights

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: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 642
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,507
  • Total Building Area: 1,308
  • Gross Building Area: 1,994
  • Building Area: 1,308
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,308
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINNIE L NORTON
  • Land Acres: 0000000035
  • 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:27 L:0114
  • Lot: 114
  • Municipality: SALEM
  • Latitude: 42.5291
  • Longitude: -70.906

    Address

  • Full Address: 60 Buffum St
  • Address - House Number: 60
  • Address - Street Name: Buffum
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C014
  • 4-Digit Zip Code: 2371
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $547,400

    Appraisal Valuation

  • Standard Deviation: 0.2774
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 60
  • Final Value: 614,083
  • High Value: 784,274
  • Low Value: 443,892

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,100
  • Assessed Land Value: $178,000
  • Assessed Improvements Value: $293,100

    Sales

  • Current Sale Recording Date: Jun 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 336
  • Previous Sale Recording Date: Mar 20, 2007
  • Previous Sale Amount: $270,000
  • 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:

$659,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1638 ft²

Average Home Age

99.7 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 months ago
Data Source: MLS PIN, MLS# 71432621

Frequently Asked Questions

When was property at 60 Buffum Street built and last sold?
The property at 60 Buffum Street was built in 1870 and last sold on Jan 1, 1970 for $277,500.
How much is this home worth?
The estimated value of the home located at 60 Buffum Street is $303,964.
What are some comparable homes to 60 Buffum Street?
There are currently no comparable homes to 60 Buffum Street.
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