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Salem 01970 South Salem
7 Pioneer Circle
$451,000
● House - Off Market

7 Pioneer Circle

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,035 Ft²
$773,681
RealtyHop Estimate
73.90%
Since Oct 1, 2015
MA-Boston
Primary Model

About This Property

*** MULTIPLE OFFER NOTIFICATION ALL OFFER DUE BY 8:00 PM MONDAY JULY 27,2015. OFFERS CONSIDERED ON PRICE AND TERMS Fabulous renovated large witchcraft home. Upgrades include new window and bay window off kitchen, new roof with architectural shingles, new walls, floors, bathrooms and kitchen also a full bath added to the new master suite, new electrical and LED lights this is a large home that is ready for the new owner to enjoy. This beautiful home boasts an open floor plan, new granite gas fireplace. Stainless steel appliances, granite countertops, island, and new cabinets. Hardwood floors throughout upstairs bedrooms and main living level. Attached garage and fenced in yard. Move in ready.
Unit Size
2,035 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$219
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1966

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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 #71878127)

Price History

Date / Event Date Event Price
Sep 15, 2015 Sold
Premium
Sold
Jul 22, 2015 Listed by Keller Williams Realty Evolution $444,900
Listed by Keller Williams Realty Evolution
May 29, 2015 Sold
Premium
Sold
Apr 28, 2015 Listed by Keller Williams Realty Evolution $279,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,025
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 9,400
  • Total Building Area: 1,592
  • Gross Building Area: 2,784
  • Building Area: 1,592
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000216
  • 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:0548
  • Lot: 548
  • Municipality: SALEM
  • Latitude: 42.5178
  • Longitude: -70.9176

    Address

  • Full Address: 7 Pioneer Cir
  • Address - House Number: 7
  • Address - Street Name: Pioneer
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1225
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $810,800

    Appraisal Valuation

  • Standard Deviation: 0.1734
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 771,073
  • High Value: 893,338
  • Low Value: 648,808

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $697,800
  • Assessed Land Value: $223,100
  • Assessed Improvements Value: $474,700

    Sales

  • Current Sale Recording Date: Sep 15, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 403
  • Previous Sale Recording Date: May 29, 2015
  • Previous Sale Amount: $296,500
  • 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

$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# 71878127

Frequently Asked Questions

When was property at 7 Pioneer Circle built and last sold?
The property at 7 Pioneer Circle was built in 1966 and last sold on Jan 1, 1970 for $451,000.
How much is this home worth?
The estimated value of the home located at 7 Pioneer Circle is $461,849.
What are some comparable homes to 7 Pioneer Circle?
There are currently no comparable homes to 7 Pioneer Circle.
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