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Salem 01970 North Salem
7 Chandler St
$312,500
● House - Off Market

7 Chandler St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,323 Ft²
$572,256
RealtyHop Estimate
73.94%
Since Mar 1, 2016
MA-Boston
Primary Model

About This Property

This move in ready Cape Style home in North Salem offers 3 bedrooms and 2 full baths on a large double lot. The home features a large, updated eat-in kitchen with Granite counter-tops, Stainless Steel appliances and a sky light.  The 3 season porch offers additional living space much of the year. Other features are the large first floor master bedroom with two closets and first floor bath with laundry. The second floor offers two generously sized bedrooms, a full bath, and additional space that could be used for an office. The outside of this home features a large 10,000+ SF level lot with a fenced-in yard and plenty of off street parking.  Great space for entertaining! 2 Parcel lot on 1 deed.
Unit Size
1,323 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$249
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1880

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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 #71939874)

Price History

Date / Event Date Event Price
Oct 28, 2021 Sold
Premium
Sold
Sep 22, 2021 Listed by EXIT Realty Beatrice Associates $489,900
Listed by EXIT Realty Beatrice Associates
Feb 29, 2016 Sold
Premium
Sold
Dec 7, 2015 Listed by EXIT Realty Beatrice Associates $329,000
Listed by EXIT Realty Beatrice Associates
Mar 17, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,115
  • Total Building Area: 1,323
  • Gross Building Area: 2,520
  • Building Area: 1,323
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,323
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: R2

Geography

  • Parcel: SALE M:17 L:0319
  • Lot: 319
  • Municipality: SALEM
  • Latitude: 42.5279
  • Longitude: -70.9078

    Address

  • Full Address: 7 Chandler St
  • Address - House Number: 7
  • Address - Street Name: Chandler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C014
  • 4-Digit Zip Code: 2333
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $574,300

    Appraisal Valuation

  • Standard Deviation: 0.2266
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 591,782
  • High Value: 725,857
  • Low Value: 457,707

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $494,200
  • Assessed Land Value: $208,900
  • Assessed Improvements Value: $285,300

    Sales

  • Current Sale Contract Date: Oct 28, 2021
  • Current Sale Recording Date: Oct 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211028005260
  • Previous Sale Recording Date: Feb 29, 2016
  • Previous Sale Amount: $312,500
  • 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 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# 71939874

Frequently Asked Questions

When was property at 7 Chandler Street built and last sold?
The property at 7 Chandler Street was built in 1880 and last sold on Oct 28, 2021 for $541,000.
How much is this home worth?
The estimated value of the home located at 7 Chandler Street is $488,271.
What are some comparable homes to 7 Chandler Street?
There are currently no comparable homes to 7 Chandler Street.
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