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Salem 01970 North Salem
70 Orne St
$600,000
● House - Off Market

70 Orne St

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,551 Ft²
$670,155
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Fabulous North Salem Colonial home just waiting for the new owner to make it their own with updated paint and finishes.  This one checks ALL the boxes !!! 2 car detached garage with utility area. Fully fenced yard with covered cabana and in-ground pool.  Wood flooring throughout most rooms.  Central air conditioning.  Gas heat with Burnham boiler (2003).  Huge kitchen with gas cooking and peninsula ideal for those who love to cook and entertain.  Four bedrooms all with wood floors and double closets.  Two full bathrooms including first floor bath which has a walk in tub. First floor laundry room with sink.  Fireplaced front to back living room.  First floor mudroom or office.  Truly a pleasure to show, as this home has been lovingly cared for and maintained.
Unit Size
1,551 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$380
Property Type
House
Property Taxes
$523
HOA Dues
-
Year Built
1920

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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 years ago (MLSPIN #72891165)

Price History

Date / Event Date Event Price
Oct 22, 2021 Sold
Premium
Sold
Sep 8, 2021 Listed by Keller Williams Realty Evolution $589,900
Listed by Keller Williams Realty Evolution

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 690
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 6,530
  • Total Building Area: 1,551
  • Gross Building Area: 2,419
  • Building Area: 1,551
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,551
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000150
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:27 L:0570
  • Lot: 570
  • Municipality: SALEM
  • Latitude: 42.5333
  • Longitude: -70.9005

    Address

  • Full Address: 70 Orne St
  • Address - House Number: 70
  • Address - Street Name: Orne
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2446
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $670,200

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 652,296
  • High Value: 765,516
  • Low Value: 539,076

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $576,800
  • Assessed Land Value: $208,700
  • Assessed Improvements Value: $368,100

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211022005380
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 North Salem

Stats & Trends

Median Asking:

$654,500

Sale Price/ft²

$420

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1594 ft²

Average Home Age

107.5 years

Currently For Sale

22 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 years ago
Data Source: MLS PIN, MLS# 72891165

Frequently Asked Questions

When was property at 70 Orne Street built and last sold?
The property at 70 Orne Street was built in 1920 and last sold on Oct 22, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 70 Orne Street is $596,514.
What are some comparable homes to 70 Orne Street?
There are currently no comparable homes to 70 Orne Street.
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