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Salem 01970 North Salem
7 Larchmont Road
$430,000
● House - Off Market

7 Larchmont Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,458 Ft²
$663,756
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Move right on in!  No work needed on this immaculate 6 room, 3 bedroom Colonial in very desirable Dearborn Street area in Salem.  Recent architectural designed kitchen features custom made cabinets, granite counter tops and stainless steel appliances.  Warm and inviting dining room that leads to a fireplaced living room. Hardwood floors throughout this meticulous home, a screened in porch for those lazy summer nights.  Too much to list; come on by the 1st Open House December 16, 11:30-1.
Unit Size
1,458 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$294
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1932

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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: 5 months ago (MLSPIN #72262382)

Price History

Date / Event Date Event Price
Jan 31, 2018 Sold
Premium
Sold
Dec 7, 2017 Listed by Tache Real Estate, Inc. $429,000
Listed by Tache Real Estate, Inc.
Jul 29, 2005 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1932
  • Effective Year Built: 1932
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 729
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,458
  • Gross Building Area: 3,168
  • Building Area: 1,458
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,458
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEARBORN PARK
  • Land Acres: 0000000115
  • 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: R1

Geography

  • Parcel: SALE M:27 L:0514
  • Lot: 514
  • Municipality: SALEM
  • Latitude: 42.5316
  • Longitude: -70.8989

    Address

  • Full Address: 7 Larchmont Rd
  • Address - House Number: 7
  • Address - Street Name: Larchmont
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2419
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $736,600

    Appraisal Valuation

  • Standard Deviation: 0.1588
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 676,353
  • High Value: 783,755
  • Low Value: 568,951

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $633,900
  • Assessed Land Value: $201,000
  • Assessed Improvements Value: $432,900

    Sales

  • Current Sale Recording Date: Jan 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180131001950
  • Previous Sale Recording Date: Jul 29, 2005
  • Previous Sale Amount: $330,000
  • Previous 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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$421

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1605 ft²

Average Home Age

102.7 years

Currently For Sale

26 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# 72262382

Frequently Asked Questions

When was property at 7 Larchmont Road built and last sold?
The property at 7 Larchmont Road was built in 1932 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 7 Larchmont Road is $441,270.
What are some comparable homes to 7 Larchmont Road?
There are currently no comparable homes to 7 Larchmont Road.
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