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Salem 01970 South Salem
83 Valley St
$410,000
● House - Off Market

83 Valley St

Salem, MA 01970
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,103 Ft²
$627,156
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Witchcraft Heights !! Don't miss out on this very unique home. Over 3000 sf of living area. First floor offers a wide open kitchen, living room /dining area. There is a master br suite with a full bath and laundry area. Also two unheated sun rooms. Second floor features 2 bedrooms and a loft sitting area.   Lower level is finished with a bedroom, kitchenette, living room, br, full bath, washer, dryer room and a bonus storage room. This exterior of the home is vinyl sided. The large yard is fenced in with 3 sheds, an 2 rooms, one of which is screened.
Unit Size
3,103 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$135
Property Type
House
Property Taxes
$520
HOA Dues
-
Year Built
1966

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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 #72401853)

Price History

Date / Event Date Event Price
Dec 28, 2018 Sold
Premium
Sold
Sep 26, 2018 Listed by Century 21 Hughes $419,900
Listed by Century 21 Hughes
Jan 1, 1966 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,498
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,220
  • Total Building Area: 2,354
  • Gross Building Area: 4,072
  • Building Area: 2,354
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,354
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITCHCRAFT HEIGHTS
  • Land Acres: 0000000189
  • 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:0439
  • Lot: 439
  • Municipality: SALEM
  • Latitude: 42.5155
  • Longitude: -70.9166

    Address

  • Full Address: 83 Valley St
  • Address - House Number: 83
  • Address - Street Name: Valley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1949
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $742,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 721,496
  • High Value: 835,459
  • Low Value: 607,533

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $639,200
  • Assessed Land Value: $217,200
  • Assessed Improvements Value: $422,000

    Sales

  • Current Sale Contract Date: Dec 28, 2018
  • Current Sale Recording Date: Dec 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181228005280
  • Previous Sale Recording Date: Jan 01, 1966
  • Previous Sale Amount: $20,000
  • 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

2132 ft²

Average Home Age

92.5 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# 72401853

Frequently Asked Questions

When was property at 83 Valley Street built and last sold?
The property at 83 Valley Street was built in 1966 and last sold on Dec 28, 2018 for $410,000.
How much is this home worth?
The estimated value of the home located at 83 Valley Street is $463,702.
What are some comparable homes to 83 Valley Street?
There are currently no comparable homes to 83 Valley Street.
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