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Salem 01970 North Salem
61 Dearborn St
Photo of 61 Dearborn St
Sold on Nov 30, 2009

1

Map

$299,900
● House - Off Market

61 Dearborn St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,212 Ft²
$624,353
RealtyHop Estimate
108.19%
Since Dec 1, 2009
MA-Boston
Primary Model

About This Property

Dont be spooked by this fantastic opportunity to own a  3 Bedroom, 2 Bath Cape, with direct water views on one of the most beatiful streets in Salem.  Both second floor bedrooms are generously sized and have huge, walk in closets.  Two exterior sheds one with power and heat. Great location, great price.  Dont miss out.
Unit Size
1,212 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$247
Property Type
House
Property Taxes
$393
HOA Dues
-
Year Built
1941

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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: 4 months ago (MLSPIN #70995022)

Price History

Date / Event Date Event Price
Dec 1, 2009 Sold
Premium
Sold
Oct 28, 2009 Listed $299,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 708
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,212
  • Gross Building Area: 2,487
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN PARK
  • Land Acres: 0000000115
  • 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:0543
  • Lot: 543
  • Municipality: SALEM
  • Latitude: 42.532
  • Longitude: -70.8973

    Address

  • Full Address: 61 Dearborn St
  • Address - House Number: 61
  • Address - Street Name: Dearborn
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2430
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $722,500

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 648,901
  • High Value: 764,773
  • Low Value: 533,029

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $621,800
  • Assessed Land Value: $257,400
  • Assessed Improvements Value: $364,400

    Sales

  • Current Sale Recording Date: Dec 01, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Dec 01, 2009
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 34
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:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

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# 70995022

Frequently Asked Questions

When was property at 61 Dearborn Street built and last sold?
The property at 61 Dearborn Street was built in 1941 and last sold on Jan 1, 1970 for $299,900.
How much is this home worth?
The estimated value of the home located at 61 Dearborn Street is $306,988.
What are some comparable homes to 61 Dearborn Street?
There are currently no comparable homes to 61 Dearborn Street.
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