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Salem 01970 South Salem
7 Crescent Drive
Photo of 7 Crescent Drive
Sold on Aug 26, 2005

1

Map

$423,000
● House - Off Market

7 Crescent Drive

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,400 Ft²
$749,269
RealtyHop Estimate
75.47%
Since Sep 1, 2005
MA-Boston
Primary Model

About This Property

Well maintained 1 owner single family home in Great Witchcraft Heights location. This ranch sits on a beautifully landscaped 16,283 sq ft lot. 1st level with open concept kitchen, dining room, sunroom, and fireplaced living room. 3 bedrooms with hardwood floors, and a full bath. This house has been updated with cathedral ceilings, and skylights. Lower level has a 4th bedroom, full bath with laundry, and a large family room with a bar.
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$178
Property Type
House
Property Taxes
$346
HOA Dues
-
Year Built
1967

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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 #70206594)

Price History

Date / Event Date Event Price
Aug 26, 2005 Sold
Premium
Sold
Jun 9, 2005 Listed $427,000
Listed

Property Highlights

Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,185
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,283
  • Total Building Area: 2,400
  • Gross Building Area: 2,718
  • Building Area: 2,400
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,400
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITCHCRAFT HEIGHTS
  • Land Acres: 0000000374
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:15 L:0072
  • Lot: 72
  • Municipality: SALEM
  • Latitude: 42.5184
  • Longitude: -70.9171

    Address

  • Full Address: 7 Crescent Dr
  • Address - House Number: 7
  • Address - Street Name: Crescent
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1215
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $702,800

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 724,896
  • High Value: 850,718
  • Low Value: 599,075

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $604,800
  • Assessed Land Value: $239,300
  • Assessed Improvements Value: $365,500

    Sales

  • Current Sale Recording Date: Aug 26, 2005
  • 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

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

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 months ago
Data Source: MLS PIN, MLS# 70206594

Frequently Asked Questions

When was property at 7 Crescent Drive built and last sold?
The property at 7 Crescent Drive was built in 1967 and last sold on Jan 1, 1970 for $423,000.
How much is this home worth?
The estimated value of the home located at 7 Crescent Drive is $452,637.
What are some comparable homes to 7 Crescent Drive?
There are currently no comparable homes to 7 Crescent Drive.
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