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Salem 01970 South Salem
7 Gallows Cir
$587,500
● House - Off Market

7 Gallows Cir

Salem, MA 01970
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,005 Ft²
$933,505
RealtyHop Estimate
55.84%
Since Oct 1, 2017
MA-Boston
Primary Model

About This Property

Desirable Witchcraft Heights multi-level home "compound-like" living for extended family on cul-de-sac!  Open living concept (4000 sq.ft) features main "house"  guest suite for au-pair, in-law, teen get-away whatever your multi-generational family consists of - your choice. So many updates to mention come see for yourself!   Move-in condition, impeccable, new roof (2016) decks, garage, a/c, plenty of off-street parking.  1/2 acre beautiful backyard, perennials, gardens and heated in-ground pool! Why leave home when your "vacation" is in your OWN backyard. SUNDAY 8/27 OPEN HOUSE CANCELED.
Unit Size
4,005 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$150
Property Type
House
Property Taxes
$540
HOA Dues
-
Year Built
1969

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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 #72197823)

Price History

Date / Event Date Event Price
Sep 28, 2017 Sold
Premium
Sold
Jul 13, 2017 Listed by Coldwell Banker Residential Brokerage - Salem $599,000
Listed by Coldwell Banker Residential Brokerage - Salem

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 1,317
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 22,699
  • Total Building Area: 4,005
  • Gross Building Area: 6,038
  • Building Area: 4,005
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,005
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITCHCRAFT HEIGHTS
  • Land Acres: 0000000521
  • 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:0035
  • Lot: 35
  • Municipality: SALEM
  • Latitude: 42.5156
  • Longitude: -70.9182

    Address

  • Full Address: 7 Gallows Cir
  • Address - House Number: 7
  • Address - Street Name: Gallows
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1219
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $966,000

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 897,054
  • High Value: 1,038,657
  • Low Value: 755,452

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $831,300
  • Assessed Land Value: $229,500
  • Assessed Improvements Value: $601,800

    Sales

  • Current Sale Recording Date: Apr 05, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 180405000270
  • Previous Sale Recording Date: Sep 28, 2017
  • Previous Sale Amount: $587,500
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 72197823

Frequently Asked Questions

When was property at 7 Gallows Circle built and last sold?
The property at 7 Gallows Circle was built in 1969 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Gallows Circle is $604,061.
What are some comparable homes to 7 Gallows Circle?
There are currently no comparable homes to 7 Gallows Circle.
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