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Salem 01970 Salem Neck
79 Columbus Ave
$990,000
● House - Off Market

79 Columbus Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,324 Ft²
$992,675
RealtyHop Estimate
-0.72%
Since Sep 1, 2023
MA-Boston
Primary Model

About This Property

GORGEOUS NEWER CONSTRUCTION COLONIAL WITH OCEAN VIEWS!  Open concept first floor with custom kitchen opening to the spacious dining area that leads to the relaxing deck.  Large living room and bonus built in cabinets along with a half bath complete the first level.  Second floor offers primary suite with full bath, walk in closet, and sitting area.   Two generous sized bedrooms with ample closet space, a laundry room, and a full bath.   Lower level bonus area ready to be finished with full windows overlooking the beach!  Other features include recessed lighting, central air, gas cooking and heat, high ceilings, hardwood floors throughout, attached garage, and an enormous fenced in yard with storage shed.  Located next to the Salem Willows Park.  Vacation at home!
Unit Size
2,324 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$430
Property Type
House
Property Taxes
$736
HOA Dues
-
Year Built
2021

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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 months ago (MLSPIN #73117166)

Price History

Date / Event Date Event Price
Aug 25, 2023 Sold
Premium
Sold
Jun 26, 2023 In contract -
In contract
May 30, 2023 Listed by Coldwell Banker Realty - Waltham $999,900
Listed by Coldwell Banker Realty - Waltham
Nov 1, 2022 Temporarily off market -
Temporarily off market
Oct 29, 2022 Price Increased $1,100,000
↑ $50K (4.8%)
Price Increased
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,138
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,800
  • Total Building Area: 2,363
  • Gross Building Area: 3,702
  • Building Area: 2,363
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,363
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000110
  • 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:44 L:0057
  • Lot: 57
  • Municipality: SALEM
  • Latitude: 42.5338
  • Longitude: -70.8694

    Address

  • Full Address: 79 Columbus Ave
  • Address - House Number: 79
  • Address - Street Name: Columbus
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5757
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,080,200

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 1,148,977
  • High Value: 1,241,226
  • Low Value: 1,056,728

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $929,600
  • Assessed Land Value: $367,200
  • Assessed Improvements Value: $562,400

    Sales

  • Current Sale Contract Date: Aug 25, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230825001950
  • Previous Sale Recording Date: Mar 29, 2019
  • Previous Sale Contract Date: Mar 27, 2019
  • Previous Sale Amount: $285,000
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1694 ft²

Average Home Age

169.9 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73117166

Frequently Asked Questions

When was property at 79 Columbus Avenue built and last sold?
The property at 79 Columbus Avenue was built in 2021 and last sold on Aug 25, 2023 for $990,000.
How much is this home worth?
The estimated value of the home located at 79 Columbus Avenue is $968,702.
What are some comparable homes to 79 Columbus Avenue?
There are currently no comparable homes to 79 Columbus Avenue.
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