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Salem 01970 South Salem
78 Moffatt Rd
Photo of 78 Moffatt Rd

1

Map

$399,000
● House - Off Market

78 Moffatt Rd

Salem, MA 01970
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,028 Ft²
$2,382
Est. Monthly

About This Property

Beautifully updated and meticulously maintained this spacious home offers 5 bedrooms with Master on the first floor. Designer kitchen opens to a gracious family room with hardwood floors and generous sunlight, formal living room offers a fireplace. Dining room opens to a large deck for outdoor entertaining. Maintenance free vinyl siding, large level lot, full basement, newer roof and heating system. Many extras including an attached garage. Move in ready!
Unit Size
2,028 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$197
Property Type
House
Property Taxes
$423
HOA Dues
-
Year Built
1962

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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 #71200635)

Price History

Date / Event Date Event Price
Apr 26, 2016 Sold
Premium
Sold
Mar 3, 2016 Listed by RE/MAX Advantage Real Estate $429,000
Listed by RE/MAX Advantage Real Estate
May 30, 2014 Sold
Premium
Sold
Apr 7, 2014 Listed by RE/MAX Advantage Real Estate $422,000
Listed by RE/MAX Advantage Real Estate
Nov 10, 2011 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,058
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,313
  • Total Building Area: 2,007
  • Gross Building Area: 3,688
  • Building Area: 2,007
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,007
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000214
  • 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:0049
  • Lot: 49
  • Municipality: SALEM
  • Latitude: 42.4973
  • Longitude: -70.9005

    Address

  • Full Address: 78 Moffatt Rd
  • Address - House Number: 78
  • Address - Street Name: Moffatt
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C029
  • 4-Digit Zip Code: 4358
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $745,900

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 739,546
  • High Value: 856,982
  • Low Value: 622,109

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $641,900
  • Assessed Land Value: $222,700
  • Assessed Improvements Value: $419,200

    Sales

  • Current Sale Recording Date: Apr 26, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 259
  • Previous Sale Recording Date: May 30, 2014
  • Previous Sale Amount: $415,000
  • Previous Sale Document Type: O
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:

$620,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 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# 71200635

Frequently Asked Questions

When was property at 78 Moffatt Road built and last sold?
The property at 78 Moffatt Road was built in 1962 and last sold on Jan 1, 1970 for $428,000.
How much is this home worth?
The estimated value of the home located at 78 Moffatt Road is $432,894.
What are some comparable homes to 78 Moffatt Road?
There are currently no comparable homes to 78 Moffatt Road.
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