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Salem 01970 North Salem
60 Orchard St
$486,000
● House - Off Market

60 Orchard St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,530 Ft²
$598,223
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Estate sale on this lovely, well-located center entrance colonial home in North Salem. Built in 1926, this home has great bones, fenced in yard and plenty of off-street parking. Walk up attic and large unfinished basement. Close to commuter rail and all that Salem has to offer! Buyers agent to do due diligence. Sold in  "as is" condition. Additional pictures to follow. All offers, if any, will be presented  Monday evening 10/7/19 at 4 pm. Please allow a 24 hour response.
Unit Size
1,530 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$275
Property Type
House
Property Taxes
$435
HOA Dues
-
Year Built
1926

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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: 6 months ago (MLSPIN #72573208)

Price History

Date / Event Date Event Price
Nov 6, 2019 Sold
Premium
Sold
Oct 1, 2019 Listed by Coldwell Banker Residential Brokerage - Marblehead $419,999
Listed by Coldwell Banker Residential Brokerage - Marblehead
Oct 3, 2016 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,881
  • Total Building Area: 1,667
  • Gross Building Area: 3,311
  • Building Area: 1,667
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,667
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000135
  • 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: R1

Geography

  • Parcel: SALE M:27 L:0504
  • Lot: 504
  • Municipality: SALEM
  • Latitude: 42.531
  • Longitude: -70.9002

    Address

  • Full Address: 60 Orchard St
  • Address - House Number: 60
  • Address - Street Name: Orchard
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2455
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $671,400

    Appraisal Valuation

  • Standard Deviation: 0.1691
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 662,495
  • High Value: 774,571
  • Low Value: 550,419

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $577,800
  • Assessed Land Value: $199,300
  • Assessed Improvements Value: $378,500

    Sales

  • Current Sale Contract Date: Nov 05, 2019
  • Current Sale Recording Date: Nov 06, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 20191106002410
  • Previous Sale Recording Date: Oct 03, 2016
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 55
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:

$654,500

Sale Price/ft²

$414

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1392 ft²

Average Home Age

99.9 years

Currently For Sale

16 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: 6 months ago
Data Source: MLS PIN, MLS# 72573208

Frequently Asked Questions

When was property at 60 Orchard Street built and last sold?
The property at 60 Orchard Street was built in 1926 and last sold on Nov 5, 2019 for $486,000.
How much is this home worth?
The estimated value of the home located at 60 Orchard Street is $438,935.
What are some comparable homes to 60 Orchard Street?
There are currently no comparable homes to 60 Orchard Street.
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