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Salem 01970 South Salem
8 Witch Hill Rd
$390,000
● House - Off Market

8 Witch Hill Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,800 Ft²
$555,225
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Great location! Close to major route access, Salem Hospital, Train, Shopping, Downtown Salem and Peabody and Gallows Hill Park. This tri level living is spacious and bright. 3 good size bedrooms and full bath on the top level. Kitchen, dining and living room (cathedral ceiling and big bow window) on main level. Family room with faux fire place and slider to the back yard, full bath and laundry in the lower level. Storage and systems in the lowest level. Good size fenced in back yard with a new shed for gardening tools. Some levels have hardwood and other has newer carpeting. Baths are updated. Appliances are newer as and roof is just 1yr old.
Unit Size
1,800 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$208
Property Type
House
Property Taxes
$390
HOA Dues
-
Year Built
1961

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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 #72310247)

Price History

Date / Event Date Event Price
Jul 31, 2018 Sold
Premium
Sold
Apr 17, 2018 Listed by Century 21 North East $375,000
Listed by Century 21 North East
Oct 5, 2016 Sold
Premium
Sold
Jul 13, 2016 Listed by Century 21 North East $349,900
Listed by Century 21 North East
Jul 24, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • 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: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,104
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,578
  • Total Building Area: 2,204
  • Gross Building Area: 2,304
  • Building Area: 2,204
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,204
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ESTATE ANNIE B BARRY
  • Land Acres: 0000000105
  • 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:15 L:0379
  • Lot: 379
  • Municipality: SALEM
  • Latitude: 42.5158
  • Longitude: -70.9107

    Address

  • Full Address: 8 Witch Hill Rd
  • Address - House Number: 8
  • Address - Street Name: Witch Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C032
  • 4-Digit Zip Code: 1960
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $614,600

    Appraisal Valuation

  • Standard Deviation: 0.1844
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 617,091
  • High Value: 730,874
  • Low Value: 503,307

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $528,900
  • Assessed Land Value: $175,100
  • Assessed Improvements Value: $353,800

    Sales

  • Current Sale Recording Date: Jul 31, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180731000640
  • Previous Sale Recording Date: Oct 05, 2016
  • Previous Sale Amount: $340,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2218 ft²

Average Home Age

86.1 years

Currently For Sale

44 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# 72310247

Frequently Asked Questions

When was property at 8 Witch Hill Road built and last sold?
The property at 8 Witch Hill Road was built in 1961 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 8 Witch Hill Road is $393,230.
What are some comparable homes to 8 Witch Hill Road?
There are currently no comparable homes to 8 Witch Hill Road.
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