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Salem 01970 North Salem
8 Sylvan Street
$385,000
● House - Off Market

8 Sylvan Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,258 Ft²
$531,388
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model

About This Property

Spectacular 1890 carriage house residence!  Walk to downtown Salem & the train to Boston in only 10 minutes.  This single-family loft-style home is bright and open, with cathedral ceilings, exposed beams, pine board flooring, center fireplace and more.  The open-concept design incorporates the living room, dining room and kitchen with its stone top breakfast bar and a built-in beverage station with wine chiller.  A glass slider leads to the deck and private fenced-in backyard. Renovated with lots of updates, including central air conditioning, low-maintenance siding, landscaping, electrical & plumbing updates etc. A garage space is deeded to the property.  This exceptional property will not last.
Unit Size
1,258 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$285
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1890

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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 #72384131)

Price History

Date / Event Date Event Price
Sep 28, 2018 Sold
Premium
Sold
Aug 24, 2018 Listed by Coldwell Banker Residential Brokerage - Salem $359,000
Listed by Coldwell Banker Residential Brokerage - Salem
Dec 18, 2015 Sold
Premium
Sold
Nov 3, 2015 Listed by Coldwell Banker Residential Brokerage - Salem $309,000
Listed by Coldwell Banker Residential Brokerage - Salem

Property Highlights

Garage
Air Conditioning
Fireplace
Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 364
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,177
  • Total Building Area: 1,258
  • Gross Building Area: 1,949
  • Building Area: 1,258
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,258
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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: 204600

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:26 L:0649
  • Lot: 649
  • Municipality: SALEM
  • Latitude: 42.5242
  • Longitude: -70.9056

    Address

  • Full Address: 8 Sylvan St
  • Address - House Number: 8
  • Address - Street Name: Sylvan
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C017
  • 4-Digit Zip Code: 2328
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $581,200

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 580,209
  • High Value: 720,064
  • Low Value: 440,354

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $500,200
  • Assessed Land Value: $171,900
  • Assessed Improvements Value: $328,300

    Sales

  • Current Sale Recording Date: Sep 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180928001560
  • Previous Sale Recording Date: Dec 18, 2015
  • Previous Sale Amount: $309,000
  • 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 North Salem

Stats & Trends

Median Asking:

$659,000

Sale Price/ft²

$422

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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# 72384131

Frequently Asked Questions

When was property at 8 Sylvan Street built and last sold?
The property at 8 Sylvan Street was built in 1890 and last sold on Jan 1, 1970 for $385,000.
How much is this home worth?
The estimated value of the home located at 8 Sylvan Street is $370,975.
What are some comparable homes to 8 Sylvan Street?
There are currently no comparable homes to 8 Sylvan Street.
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