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Salem 01970 Salem Neck
76 Memorial Dr
Photo of 76 Memorial Dr
Sold on Mar 31, 2009

1

Map

$265,000
● House - Off Market

76 Memorial Dr

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,392 Ft²
$611,881
RealtyHop Estimate
118.61%
Since Apr 1, 2009
MA-Boston
Primary Model

About This Property

Enjoy the water views and breezes in the 4 bedroom cape a short walk to the beach and  the Salem Willows. Amenities include a  private, large level yard, newer roof, hardwood floors, updated bath and a 3 season 12' x 12' enclosed porch great additional living space! Water views from nearly everly room.
Unit Size
1,392 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$201
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1954

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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 #70867009)

Price History

Date / Event Date Event Price
Apr 1, 2009 Sold
Premium
Sold
Jan 22, 2009 Listed $279,900
Listed
Jan 23, 2007 Sold
Premium
Sold
Sep 9, 2006 Listed $318,500
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 832
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,658
  • Total Building Area: 1,392
  • Gross Building Area: 2,640
  • Building Area: 1,392
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,392
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • 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:0024
  • Lot: 24
  • Municipality: SALEM
  • Latitude: 42.5318
  • Longitude: -70.8764

    Address

  • Full Address: 76 Memorial Dr
  • Address - House Number: 76
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5652
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $569,800

    Appraisal Valuation

  • Standard Deviation: 0.1755
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 605,870
  • High Value: 712,233
  • Low Value: 499,507

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $490,400
  • Assessed Land Value: $169,900
  • Assessed Improvements Value: $320,500

    Sales

  • Current Sale Recording Date: Apr 01, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jan 23, 2007
  • Previous Sale Amount: $308,000
  • 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:

$549,900

Sale Price/ft²

$448

Below Asking

0.01%

Average Days on Market

56

Average Home Size

1349 ft²

Average Home Age

150.9 years

Currently For Sale

14 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# 70867009

Frequently Asked Questions

When was property at 76 Memorial Drive built and last sold?
The property at 76 Memorial Drive was built in 1954 and last sold on Jan 1, 1970 for $265,000.
How much is this home worth?
The estimated value of the home located at 76 Memorial Drive is $299,190.
What are some comparable homes to 76 Memorial Drive?
There are currently no comparable homes to 76 Memorial Drive.
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