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Salem 01970 Salem Neck
7 Victory Road
Photo of 7 Victory Road

1

Map

$424,500
● House - Off Market

7 Victory Road

Salem, MA 01970
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,198 Ft²
$2,470
Est. Monthly

About This Property

Tastefully renovated home set on 10655 sf of level fenced, landscaped yard walking distance to the willows, common, park, school, and pickering wharf. Enjoy the granite/stainless kitchen with breakfast bar and center island that opens to the casual dining area and 24x20 back deck. 4 bedrooms, living rm and 1.5 baths are on the 1st floor.  Amazing master suite / guest suite on the 2nd floor with living room and laundry hookup. 33x12 family rm in basement + 3/4 bath and more
Unit Size
2,198 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$193
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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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: 13 days ago (MLSPIN #71261408)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Nov 10, 2021 Listed by RE/MAX Advantage Real Estate $668,500
Listed by RE/MAX Advantage Real Estate
Jul 14, 2011 Listed by RE/MAX Advantage Real Estate $424,500
Listed by RE/MAX Advantage Real Estate
Aug 20, 2004 Sold
Premium
Sold
Nov 20, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,590
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,655
  • Total Building Area: 2,166
  • Gross Building Area: 4,590
  • Building Area: 2,166
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,166
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000245
  • 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: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:42 L:0059
  • Lot: 59
  • Municipality: SALEM
  • Latitude: 42.5283
  • Longitude: -70.8789

    Address

  • Full Address: 7 Victory Rd
  • Address - House Number: 7
  • Address - Street Name: Victory
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5629
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $755,000

    Appraisal Valuation

  • Standard Deviation: 0.159
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 769,805
  • High Value: 892,195
  • Low Value: 647,416

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $649,700
  • Assessed Land Value: $202,000
  • Assessed Improvements Value: $447,700

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220121003970
  • Previous Sale Recording Date: Aug 20, 2004
  • Previous Sale Amount: $355,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$569,900

Sale Price/ft²

$446

Below Asking

0.02%

Average Days on Market

58

Average Home Size

1525 ft²

Average Home Age

164.7 years

Currently For Sale

17 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: 13 days ago
Data Source: MLS PIN, MLS# 71261408

Frequently Asked Questions

When was property at 7 Victory Road built and last sold?
The property at 7 Victory Road was built in 1949 and last sold on Jan 21, 2022 for $705,000.
How much is this home worth?
The estimated value of the home located at 7 Victory Road is $679,429.
What are some comparable homes to 7 Victory Road?
There are currently no comparable homes to 7 Victory Road.
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