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Salem 01970 South Salem
8 Station Road
$365,000
● House - Off Market

8 Station Road

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,478 Ft²
$702,708
RealtyHop Estimate
89.92%
Since Jun 1, 2004
MA-Boston
Primary Model

About This Property

1999-BUILT COLONIAL IN GREAT LOCATION. FIREPLACE IN LIVING ROOM, HARDWOOD FLOORS, CENTRAL AIR AND FULLY APPLIANCED KIT, WRAPAROUND FARMERS PORCH. 3 BR'S, 1.5 BATHS, 1C GARAGE AND WORKSHOP IN BASEMENT. IN PRISTINE CONDITION, NICELY LNDSCP'D
Unit Size
1,478 Ft²
Days on Market
-
Land Size
0.56 acres
Price per sqft
$250
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1999

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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 #30765673)

Price History

Date / Event Date Event Price
May 26, 2004 Sold
Premium
Sold
Sep 8, 2003 Listed by Paul Stevens REALTORS® $370,000
Listed by Paul Stevens REALTORS®
Mar 29, 2000 Sold
Premium
Sold
Nov 3, 1999 Listed by Paul Stevens REALTORS® $234,000
Listed by Paul Stevens REALTORS®

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • 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: 690
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,407
  • Total Building Area: 1,422
  • Gross Building Area: 2,455
  • Building Area: 1,422
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,422
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000560
  • 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:31 L:0059
  • Lot: 59
  • Municipality: SALEM
  • Latitude: 42.4976
  • Longitude: -70.8963

    Address

  • Full Address: 8 Station Rd
  • Address - House Number: 8
  • Address - Street Name: Station
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4435
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,300

    Appraisal Valuation

  • Standard Deviation: 0.1533
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 81
  • Final Value: 661,607
  • High Value: 763,047
  • Low Value: 560,167

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,700
  • Assessed Land Value: $185,000
  • Assessed Improvements Value: $343,700

    Sales

  • Current Sale Recording Date: May 26, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Mar 29, 2000
  • Previous Sale Amount: $234,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$368

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2125 ft²

Average Home Age

87.2 years

Currently For Sale

37 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: 5 months ago
Data Source: MLS PIN, MLS# 30765673

Frequently Asked Questions

When was property at 8 Station Road built and last sold?
The property at 8 Station Road was built in 1999 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 8 Station Road is $378,495.
What are some comparable homes to 8 Station Road?
There are currently no comparable homes to 8 Station Road.
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