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Salem 01970 South Salem
8 Freeman Rd
Photo of 8 Freeman Rd
Sold on Jan 5, 2005

1

Map

$223,000
● House - Off Market

8 Freeman Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,865 Ft²
$439,666
RealtyHop Estimate
83.19%
Since Feb 1, 2005
MA-Boston
Primary Model

About This Property

ATTENTION CONTRACTORS investors! !!!!!..FIRE DAMAGED .. single family home to be sold in "AS IS" condition. Great location, great potential. Could be 3-4 bedrooms. BRING YOUR FLASHLIGHT!!!!!! All offers will be presented next Monday  11/15/2004                                      (please be patient for answers, 4 owners ,2 attys)
Unit Size
1,865 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$129
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1920

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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 #70114164)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Jun 10, 2021 Listed $579,900
Listed
Apr 15, 2011 Sold
Premium
Sold
Jan 26, 2011 Listed $326,900
Listed
Dec 3, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,211
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,685
  • Total Building Area: 2,117
  • Gross Building Area: 4,049
  • Building Area: 2,117
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,117
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: STEVE PINTO
  • Land Acres: 0000000245
  • 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: 204702

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0283
  • Lot: 283
  • Municipality: SALEM
  • Latitude: 42.5084
  • Longitude: -70.9151

    Address

  • Full Address: 8 Freeman Rd
  • Address - House Number: 8
  • Address - Street Name: Freeman
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C042
  • 4-Digit Zip Code: 1940
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $737,200

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 718,256
  • High Value: 839,765
  • Low Value: 596,747

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $634,400
  • Assessed Land Value: $202,200
  • Assessed Improvements Value: $432,200

    Sales

  • Current Sale Contract Date: Aug 06, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 14
  • Current Sale Input Document Number: 20210806002360
  • Previous Sale Recording Date: Apr 15, 2011
  • Previous Sale Amount: $318,900
  • 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

2194 ft²

Average Home Age

88.2 years

Currently For Sale

46 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# 70114164

Frequently Asked Questions

When was property at 8 Freeman Road built and last sold?
The property at 8 Freeman Road was built in 1920 and last sold on Aug 6, 2021 for $650,000.
How much is this home worth?
The estimated value of the home located at 8 Freeman Road is $590,488.
What are some comparable homes to 8 Freeman Road?
There are currently no comparable homes to 8 Freeman Road.
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