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Salem 01970 South Salem
79 Proctor Street
$550,000
● House - Off Market

79 Proctor Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,079 Ft²
$507,029
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to Proctor Street! This house has wonderful period details and character. Enjoy your time in your living room with hardwood flooring and large windows. A generous sized kitchen with recessed lighting and ample cabinet space and sits in the back of the house. Upstairs is cozy, yet spacious with 4 bedrooms and a full bath. The walk up attic has both unfinished and finished areas, also a space is framed out for an additional half bath.  The backyard could be great for entertaining and is nicely landscaped. The driveway allows parking for at least 4. Centrally located, this home is minutes from a park, train station, and many restaurants and other amenities. You do not want to miss out on this opportunity! Please note that new siding for front of the house are in hand. Just need someone to put it up!
Unit Size
2,079 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$240
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1910

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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 #72977216)

Price History

Date / Event Date Event Price
Jun 10, 2022 Sold
Premium
Sold
May 5, 2022 Listed by Lamacchia Realty, Inc. $499,000
Listed by Lamacchia Realty, Inc.
Aug 14, 1997 Sold
Premium
Sold
Jan 17, 1997 Sold
Premium
Sold
Dec 22, 1996 Listed by Lamacchia Realty, Inc. $125,900
Listed by Lamacchia Realty, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 2,079
  • Gross Building Area: 3,518
  • Building Area: 2,079
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,079
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 204701

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0006
  • Lot: 6
  • Municipality: SALEM
  • Latitude: 42.5146
  • Longitude: -70.9083

    Address

  • Full Address: 79 Proctor St
  • Address - House Number: 79
  • Address - Street Name: Proctor
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C032
  • 4-Digit Zip Code: 2110
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $576,400

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 562,144
  • High Value: 659,717
  • Low Value: 464,572

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,000
  • Assessed Land Value: $195,000
  • Assessed Improvements Value: $301,000

    Sales

  • Current Sale Contract Date: Jun 10, 2022
  • Current Sale Recording Date: Jun 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220610004810
  • Previous Sale Recording Date: Aug 14, 1997
  • Previous Sale Amount: $123,100
  • 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:

$619,500

Sale Price/ft²

$370

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# 72977216

Frequently Asked Questions

When was property at 79 Proctor Street built and last sold?
The property at 79 Proctor Street was built in 1910 and last sold on Jun 10, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 79 Proctor Street is $503,476.
What are some comparable homes to 79 Proctor Street?
There are currently no comparable homes to 79 Proctor Street.
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