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Salem 01970 South Salem
60 Jefferson Ave
$550,000
● House - Off Market

60 Jefferson Ave

Salem, MA 01970
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,480 Ft²
$683,153
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Move Into Style in this Contemporary Custom Home! This 2 Bed, 2.5 Bath is ready for you to call home! Fabulous Kitchen with custom cabinets, modern stainless steel appliances, and a granite island with seating. The Kitchen opens into the spacious living room and informal dining area for convenient entertaining. One bedroom was recently renovated. A 3 car garage is attached and an additional 6 parking spaces are available in the driveway. The garage is currently being used as a spacious studio and has many possibilites. Moments from restaurants, Salem State, and Downtown Salem!
Unit Size
1,480 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$358
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
2006

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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 #72701116)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Jul 30, 2020 Listed by Lillian Montalto Signature Properties $529,900
Listed by Lillian Montalto Signature Properties
Sep 22, 2016 Sold
Premium
Sold
Jul 22, 2016 Listed by Lillian Montalto Signature Properties $429,000
Listed by Lillian Montalto Signature Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 14
  • Building Style: 21
  • Exterior Walls Type: 23
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,480
  • Gross Building Area: 2,240
  • Building Area: 1,480
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,480
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ipswich School District
  • School Tax School District: SALEM SD
  • Census Tract: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:24 L:0090
  • Lot: 90
  • Municipality: SALEM
  • Latitude: 42.5121
  • Longitude: -70.901

    Address

  • Full Address: 60 Jefferson Ave
  • Address - House Number: 60
  • Address - Street Name: Jefferson
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C037
  • 4-Digit Zip Code: 2924
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $732,500

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 699,146
  • High Value: 820,498
  • Low Value: 577,794

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $630,400
  • Assessed Land Value: $177,000
  • Assessed Improvements Value: $453,400

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201001005640
  • Previous Sale Recording Date: Sep 22, 2016
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: O
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:

$616,750

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2069 ft²

Average Home Age

86.2 years

Currently For Sale

41 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# 72701116

Frequently Asked Questions

When was property at 60 Jefferson Avenue built and last sold?
The property at 60 Jefferson Avenue was built in 2006 and last sold on Sep 24, 2020 for $550,000.
How much is this home worth?
The estimated value of the home located at 60 Jefferson Avenue is $536,541.
What are some comparable homes to 60 Jefferson Avenue?
There are currently no comparable homes to 60 Jefferson Avenue.
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