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Salem 01970 South Salem
7 Clark Street
$285,000
● House - Off Market

7 Clark Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,700 Ft²
$618,889
RealtyHop Estimate
117.15%
Since Oct 1, 2002
MA-Boston
Primary Model

About This Property

OPEN SAT 8/3 12-1:30, SUN 8/4  3-430 CONVENIENT LOCATION, QUIET REIDENTIAL ST. LEAD FREE, ENERGY EFFICIENT, LIKE-NEW CONDITION THRUOUT , SEMI FINISHED LOWER LEVEL, LG LOW MAINTENANCE YARD, WITCHCRAFT ELEM SCHOOL
Unit Size
1,700 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$168
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1995

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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: 5 months ago (MLSPIN #30631865)

Price History

Date / Event Date Event Price
Sep 27, 2002 Sold
Premium
Sold
Aug 1, 2002 Listed by Carlson GMAC Real Estate $285,000
Listed by Carlson GMAC Real Estate
Apr 20, 2001 Sold
Premium
Sold
Oct 10, 2000 Listed by Carlson GMAC Real Estate $229,000
Listed by Carlson GMAC Real Estate

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 6
  • 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: 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: 702
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,378
  • Total Building Area: 1,949
  • Gross Building Area: 2,216
  • Building Area: 1,949
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,949
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000261
  • 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: R1

Geography

  • Parcel: SALE M:03 L:0079
  • Lot: 79
  • Municipality: SALEM
  • Latitude: 42.4947
  • Longitude: -70.9321

    Address

  • Full Address: 7 Clark St
  • Address - House Number: 7
  • Address - Street Name: Clark
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1715
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $641,200

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 659,118
  • High Value: 774,829
  • Low Value: 543,407

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $551,800
  • Assessed Land Value: $184,700
  • Assessed Improvements Value: $367,100

    Sales

  • Current Sale Recording Date: Sep 27, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 75063
  • Previous Sale Recording Date: Apr 20, 2001
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 48
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

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30631865

Frequently Asked Questions

When was property at 7 Clark Street built and last sold?
The property at 7 Clark Street was built in 1995 and last sold on Jan 1, 1970 for $285,000.
How much is this home worth?
The estimated value of the home located at 7 Clark Street is $305,985.
What are some comparable homes to 7 Clark Street?
There are currently no comparable homes to 7 Clark Street.
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