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Salem 01970 South Salem
72 Moffatt Rd
$460,000
● House - Off Market

72 Moffatt Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,400 Ft²
$607,462
RealtyHop Estimate
38.09%
Since Jun 1, 2020
MA-Boston
Primary Model

About This Property

Well Constructed Ranch Style Home, located in Beautiful South Salem Neighborhood. Over 1,000 square feet of expandable walkout basement to take advantage of, and make this property over 2,400 sq. ft. of living space. Hardwood floors throughout most of the upper level. A 14' x 20'  Living room with fireplace and bank of windows takes advantage of the southern exposure. Handsome newer full bath and half bath off of the Master bedroom. The deck off of the breeze-way, over looks the 10,000+ Lot of land. A large two car garage has high ceilings for additional storage. SHOWINGS WILL BEGIN WITH OPEN HOUSES, Sat 3/7 from 12-2pm and Sunday 3/8 from 11-1pm.  All offers will be reviewed on the afternoon of 3/10, All offers need to be submitted by noon on 3/10/2020.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$314
Property Type
House
Property Taxes
$456
HOA Dues
-
Year Built
1960

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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 #72628140)

Price History

Date / Event Date Event Price
May 14, 2020 Sold
Premium
Sold
Mar 4, 2020 Listed by Desrocher Real Estate $439,900
Listed by Desrocher Real Estate
Nov 12, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 1,368
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 10,054
  • Total Building Area: 1,368
  • Gross Building Area: 3,430
  • Building Area: 1,368
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,368
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES V & VIRGINIA N MICHAUD
  • Land Acres: 0000000231
  • 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:22 L:0052
  • Lot: 52
  • Municipality: SALEM
  • Latitude: 42.497
  • Longitude: -70.8998

    Address

  • Full Address: 72 Moffatt Rd
  • Address - House Number: 72
  • Address - Street Name: Moffatt
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4357
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $652,800

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 637,054
  • High Value: 750,811
  • Low Value: 523,297

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $561,800
  • Assessed Land Value: $226,400
  • Assessed Improvements Value: $335,400

    Sales

  • Current Sale Contract Date: May 14, 2020
  • Current Sale Recording Date: May 14, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Nov 12, 1992
  • Previous Sale Amount: $170,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2100 ft²

Average Home Age

90 years

Currently For Sale

41 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# 72628140

Frequently Asked Questions

When was property at 72 Moffatt Road built and last sold?
The property at 72 Moffatt Road was built in 1960 and last sold on May 14, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 72 Moffatt Road is $451,360.
What are some comparable homes to 72 Moffatt Road?
There are currently no comparable homes to 72 Moffatt Road.
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