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Salem 01970 South Salem
7 Pickman Road
$420,000
● House - Off Market

7 Pickman Road

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,048 Ft²
$637,512
RealtyHop Estimate
48.29%
Since Jun 1, 2018
MA-Boston
Primary Model

About This Property

Back on the market! Move right in to this wonderful 4 bedroom 2 full bath Cape Cod home in the highly sought after Pickman neighborhood.  A complete second floor addition/renovation was just completed adding a full bath and two bedrooms, one of which is a beautiful and spacious master. Take your shoes off in the first floor mud room and enter the large living room and kitchen with plenty of sunlight, as well as two additional bedrooms.  The home has a garage plus plenty of driveway parking and a private fenced in backyard with plenty of area to garden. Basement is heated and has potential to be finished. Close to Vinnin square, Salem State, museums, restaurants and everything Salem has to offer. This is a home you truly must see!! Open house Sunday March 11th from 11-1:00
Unit Size
2,048 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$210
Property Type
House
Property Taxes
$411
HOA Dues
-
Year Built
1949

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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: 4 months ago (MLSPIN #72283051)

Price History

Date / Event Date Event Price
May 7, 2018 Sold
Premium
Sold
Feb 19, 2018 Listed by MerryFox Realty $429,900
Listed by MerryFox Realty
Jul 2, 2012 Sold
Premium
Sold
May 25, 2012 Listed by MerryFox Realty $269,900
Listed by MerryFox Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,064
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,203
  • Total Building Area: 1,862
  • Gross Building Area: 3,580
  • Building Area: 1,862
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,862
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RALPH ROBERT & CHESTER LIPSETT
  • Land Acres: 0000000142
  • 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:0017
  • Lot: 17
  • Municipality: SALEM
  • Latitude: 42.495
  • Longitude: -70.8957

    Address

  • Full Address: 7 Pickman Rd
  • Address - House Number: 7
  • Address - Street Name: Pickman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4333
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $692,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 716,951
  • High Value: 844,975
  • Low Value: 588,928

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $595,900
  • Assessed Land Value: $207,000
  • Assessed Improvements Value: $388,900

    Sales

  • Current Sale Recording Date: May 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180507004200
  • Previous Sale Recording Date: Jul 02, 2012
  • Previous Sale Amount: $260,000
  • 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

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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# 72283051

Frequently Asked Questions

When was property at 7 Pickman Road built and last sold?
The property at 7 Pickman Road was built in 1949 and last sold on Jan 1, 1970 for $420,000.
How much is this home worth?
The estimated value of the home located at 7 Pickman Road is $450,557.
What are some comparable homes to 7 Pickman Road?
There are currently no comparable homes to 7 Pickman Road.
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