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Salem 01970 South Salem
7 Amanda Way
$477,000
● House - Off Market

7 Amanda Way

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,260 Ft²
$1,046,842
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model

About This Property

Located in Historic Salem, Massachusetts, the community offers 6 unique floor plans to choose from, walking/hiking trails & over 96 acres of open space.  All homes are designed with today's active families in mind.  The Hawthorne floor plan showcases 9' first floor ceilings, hardwood flooring, Maple Cabinets, Granite Kitchen Counters & Stainless Steel Kitchen appliances, Tile Baths & Gas Firplace with Custom Mantel.  Great Family Neighborhood on the North Shore of Boston.
Unit Size
2,260 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$226
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2009

Payment Calculator

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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 years ago (MLSPIN #70909689)

Price History

Date / Event Date Event Price
Jul 30, 2009 Sold
Premium
Sold
Apr 24, 2009 Listed by BLC Real Estate, LLC $509,900
Listed by BLC Real Estate, LLC

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,162
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,612
  • Total Building Area: 2,396
  • Gross Building Area: 5,446
  • Building Area: 2,396
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,396
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • 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: 204701

Zoning

  • Zoning: R

Geography

  • Parcel: SALE M:09 L:0311
  • Lot: 311
  • Municipality: SALEM
  • Latitude: 42.5076
  • Longitude: -70.9275

    Address

  • Full Address: 7 Amanda Way
  • Address - House Number: 7
  • Address - Street Name: Amanda
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salem
  • Carrier Code: C009
  • 4-Digit Zip Code: 1024
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $893,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 833,205
  • High Value: 964,814
  • Low Value: 701,597

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $769,100
  • Assessed Land Value: $212,600
  • Assessed Improvements Value: $556,500

    Sales

  • Current Sale Recording Date: Jul 30, 2009
  • Current Sale Price:
    Premium
  • Current 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 South Salem

Stats & Trends

Median Asking:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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 years ago
Data Source: MLS PIN, MLS# 70909689

Frequently Asked Questions

When was property at 7 Amanda Way built and last sold?
The property at 7 Amanda Way was built in 2009 and last sold on Jan 1, 1970 for $477,000.
How much is this home worth?
The estimated value of the home located at 7 Amanda Way is $0.
What are some comparable homes to 7 Amanda Way?
There are currently no comparable homes to 7 Amanda Way.
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