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Salem 01970 Salem Neck
7 Osgood Street
$285,000
● House - Off Market

7 Osgood Street

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
820 Ft²
$478,262
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

Nice 2 Bedroom 1 Bath Home in Good Location a Short Distance to Collins Cove Beach. Well Maintained Home that shows pride of ownership. Hardwood Floors throughout. Updated Kitchen with Stainless Steel Appliances and Corian Counter Top. Updated Electric Service & Central A.C. Slider from the Kitchen leads to Large  30 x 11 Foot Back Deck and Yard with New Fence in 2014 Great for Entertaining. Back Yard shed for storing Snow Blower & Lawn Mower. Large Driveway for up to 4 Car Parking. Partially Finished Basement with Laundry Hook up & Workbench. Nice location a Short Distance to Collins Cove Beach/Park, Salem Common, Downtown Restaurants & Museums, and Train to Boston!!
Unit Size
820 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$354
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1961

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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 #72058163)

Price History

Date / Event Date Event Price
Nov 1, 2016 Sold
Premium
Sold
Aug 25, 2016 Listed by Harbor Rental & Realty $289,900
Listed by Harbor Rental & Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,117
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,900
  • Total Building Area: 820
  • Gross Building Area: 2,315
  • Building Area: 820
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 820
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000158
  • 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: 204500

Zoning

  • Zoning: B4

Geography

  • Parcel: SALE M:36 L:0258
  • Lot: 258
  • Municipality: SALEM
  • Latitude: 42.5324
  • Longitude: -70.8879

    Address

  • Full Address: 7 Osgood St
  • Address - House Number: 7
  • Address - Street Name: Osgood
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 4116
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $500,100

    Appraisal Valuation

  • Standard Deviation: 0.1805
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 501,869
  • High Value: 592,445
  • Low Value: 411,292

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $430,400
  • Assessed Land Value: $169,700
  • Assessed Improvements Value: $260,700

    Sales

  • Current Sale Recording Date: Nov 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 551
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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

165.5 years

Currently For Sale

13 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# 72058163

Frequently Asked Questions

When was property at 7 Osgood Street built and last sold?
The property at 7 Osgood Street was built in 1961 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 Osgood Street is $297,775.
What are some comparable homes to 7 Osgood Street?
There are currently no comparable homes to 7 Osgood Street.
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