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Longmeadow 01106
61 Salem Rd
$881,000
● House - Off Market

61 Salem Rd

Longmeadow, MA 01106
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,000 Ft²
$838,610
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

Grand center hall colonial with open floor plan and gorgeous master en-suite, on a quiet cul-de- sac in sought after Blueberry Hill School district. One of the best locations in town! Only a few blocks to schools, ball fields, and town center. So quiet you wake up to the birds as you watch from the sun drenched kitchen and family rooms. This 4000 sq foot gracious home boasts large beautiful windows overlooking the yard, high ceilings, beautiful landscaping, oversized rooms with storage galore. A full bathroom for each bedroom and walk in closets. Cedar walk in closet, oversized garage, sun room with 3 walls of sliders, and private, park like backyard. Nicely updated, this this gem is move-in ready.
Unit Size
4,000 Ft²
Days on Market
-
Land Size
0.60 acres
Price per sqft
$207
Property Type
House
Property Taxes
$1,183
HOA Dues
-
Year Built
1964

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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 #72979738)

Price History

Date / Event Date Event Price
Jun 29, 2022 Sold
Premium
Sold
May 11, 2022 Listed by OwnerEntry.com $829,000
Listed by OwnerEntry.com

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • 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: 1,864
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,280
  • Total Building Area: 3,614
  • Gross Building Area: 6,978
  • Building Area: 3,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,614
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000603
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Longmeadow School District
  • School Tax School District: LONGMEADOW SD
  • Census Tract: 813303

Zoning

  • Zoning: RA1

Geography

  • Parcel: LONG M:0633 B:0030 L:0048
  • Block: 30
  • Lot: 48
  • Municipality: LONGMEADOW
  • Latitude: 42.0599
  • Longitude: -72.5634

    Address

  • Full Address: 61 Salem Rd
  • Address - House Number: 61
  • Address - Street Name: Salem
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Longmeadow
  • Carrier Code: C002
  • 4-Digit Zip Code: 1623
  • Zip Code: 01106

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,536,100

    Appraisal Valuation

  • Standard Deviation: 0.1468
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 82
  • Final Value: 686,349
  • High Value: 787,113
  • Low Value: 585,584

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $742,800
  • Assessed Land Value: $227,100
  • Assessed Improvements Value: $515,700

    Sales

  • Current Sale Contract Date: Jun 29, 2022
  • Current Sale Recording Date: Jun 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 39471
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 Longmeadow

Stats & Trends

Median Asking:

$524,900

Sale Price/ft²

$256

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2864 ft²

Average Home Age

68.8 years

Currently For Sale

32 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: 4 months ago
Data Source: MLS PIN, MLS# 72979738

Frequently Asked Questions

When was property at 61 Salem Road built and last sold?
The property at 61 Salem Road was built in 1964 and last sold on Jun 29, 2022 for $881,000.
How much is this home worth?
The estimated value of the home located at 61 Salem Road is $848,868.
What are some comparable homes to 61 Salem Road?
There are currently no comparable homes to 61 Salem Road.
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