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Salem 01970 Salem Neck
7 Williams St
$854,500
● House - Off Market

7 Williams St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,105 Ft²
$1,286,266
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

Stately brick Greek Revival home steps to historic Salem Common with a beautiful yard. There are large, elegant, well-appointed rooms with high ceilings and original doors and trim. Magnificent 6 over 6 windows flood the rooms with natural light and polished wood floors grace the home. Enjoy the well-designed contemporary kitchen, family room and master suite with  dressing room. Thoroughly updated and upgraded in 2007- 2008.  A very short walk to the world renowned PEM, movie, 63 restaurants, commuter rail, Salem waterfront, and cultural points. Large high ceilinged and dry basement  with workshop and fantastic storage and bulkhead.
Unit Size
3,105 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$290
Property Type
House
Property Taxes
$679
HOA Dues
-
Year Built
1850

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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 #72502738)

Price History

Date / Event Date Event Price
Jul 26, 2021 Sold
Premium
Sold
May 19, 2021 Listed by J. Barrett & Company $1,150,000
Listed by J. Barrett & Company
Sep 16, 2019 Sold
Premium
Sold
May 17, 2019 Listed by J. Barrett & Company $899,000
Listed by J. Barrett & Company
Dec 31, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,237
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,721
  • Total Building Area: 3,105
  • Gross Building Area: 5,542
  • Building Area: 3,105
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,105
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000154
  • 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: R2

Geography

  • Parcel: SALE M:35 L:0164
  • Lot: 164
  • Municipality: SALEM
  • Latitude: 42.5242
  • Longitude: -70.8914

    Address

  • Full Address: 7 Williams St
  • Address - House Number: 7
  • Address - Street Name: Williams
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C003
  • 4-Digit Zip Code: 3821
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,215,800

    Appraisal Valuation

  • Standard Deviation: 0.2204
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 70
  • Final Value: 1,148,974
  • High Value: 1,397,877
  • Low Value: 900,070

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,046,300
  • Assessed Land Value: $203,400
  • Assessed Improvements Value: $842,900

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Jul 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210726001950
  • Previous Sale Recording Date: Sep 16, 2019
  • Previous Sale Contract Date: Sep 16, 2019
  • Previous Sale Amount: $854,500
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 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: 4 months ago
Data Source: MLS PIN, MLS# 72502738

Frequently Asked Questions

When was property at 7 Williams Street built and last sold?
The property at 7 Williams Street was built in 1850 and last sold on Jul 26, 2021 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 7 Williams Street is $1,155,747.
What are some comparable homes to 7 Williams Street?
There are currently no comparable homes to 7 Williams Street.
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