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Salem 01970 South Salem
7A Cleveland Rd Ext
$601,000
● House - Off Market

7A Cleveland Rd Ext

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,800 Ft²
$575,891
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

Lovely Cape Cod style home which has had only one owner and shows pride of ownership throughout. Relax or entertain in the lovely yard and plantings. Hardwood throughout. One car garage.Basement is finished  and could be a home office or den. Sunny eat in kitchen.All appliances remain.There is a walking trail and playground a short distance from house. Dining room could also be a 4th bedroom if needed.  Dont miss this opportunity to live in desirable South Salem location! .Offers due no later than Tuesday June 28th at 12:00.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$311
Property Type
House
Property Taxes
$490
HOA Dues
-
Year Built
1930

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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 #72997304)

Price History

Date / Event Date Event Price
Jul 28, 2022 Sold
Premium
Sold
Jun 22, 2022 Listed by Coldwell Banker Realty - Beverly $559,900
Listed by Coldwell Banker Realty - Beverly
Jan 18, 2013 Sold
Premium
Sold
Jul 11, 2012 Listed by Coldwell Banker Realty - Beverly $299,900
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • 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: 6
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 819
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,079
  • Total Building Area: 1,810
  • Gross Building Area: 3,465
  • Building Area: 1,810
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,810
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:31 L:0152
  • Lot: 152
  • Municipality: SALEM
  • Latitude: 42.4955
  • Longitude: -70.894

    Address

  • Full Address: 7 Cleveland Rd
  • Address - House Number: 7
  • Address - Street Name: Cleveland
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4414
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $609,200

    Appraisal Valuation

  • Standard Deviation: 0.1651
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 79
  • Final Value: 607,037
  • High Value: 707,280
  • Low Value: 506,794

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,300
  • Assessed Land Value: $201,400
  • Assessed Improvements Value: $322,900

    Sales

  • Current Sale Recording Date: Jan 18, 2013
  • Current Sale Price:
    Premium
  • Current 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2125 ft²

Average Home Age

87.2 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 72997304

Frequently Asked Questions

When was property at 7 Cleveland Road built and last sold?
The property at 7 Cleveland Road was built in 1930 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 7 Cleveland Road is $553,032.
What are some comparable homes to 7 Cleveland Road?
There are currently no comparable homes to 7 Cleveland Road.
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