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Salem 01970 South Salem
8A Gables Circle
$316,000
● House - Off Market

8A Gables Circle

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,681 Ft²
$702,571
RealtyHop Estimate
112.96%
Since Nov 1, 2011
MA-Boston
Primary Model

About This Property

Witchcraft Heights location! Beautiful colonial set on great tree lines street. This home boasts an updated eat-in kitchen, 1.5 baths, front to back fireplaced living room , formal dining room and  4 bedrooms with double closets, Large unfinished basement with high ceilings,  newer heating system, windows and roof. A 1 car garage and a large level lot with perennial gardens makers this home a winner!
Unit Size
1,681 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$196
Property Type
House
Property Taxes
$396
HOA Dues
-
Year Built
1969

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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: 4 years ago (MLSPIN #71273877)

Price History

Date / Event Date Event Price
Oct 27, 2011 Sold
Premium
Sold
Aug 8, 2011 Listed by Churchill Properties $329,900
Listed by Churchill Properties

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 8
  • Basement Area: 825
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 1,681
  • Gross Building Area: 3,170
  • Building Area: 1,681
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,681
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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:0040
  • Lot: 40
  • Municipality: SALEM
  • Latitude: 42.5152
  • Longitude: -70.919

    Address

  • Full Address: 8a Gables Cir
  • Address - House Number: 8a
  • Address - Street Name: Gables
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1218
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $602,800

    Appraisal Valuation

  • Standard Deviation: 0.1725
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 77
  • Final Value: 632,077
  • High Value: 741,137
  • Low Value: 523,016

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $518,800
  • Assessed Land Value: $211,100
  • Assessed Improvements Value: $307,700

    Sales

  • Current Sale Recording Date: Oct 27, 2011
  • Current Sale Price:
    Premium
  • Current 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71273877

Frequently Asked Questions

When was property at 8A Gables Circle built and last sold?
The property at 8A Gables Circle was built in 1969 and last sold on Jan 1, 1970 for $316,000.
How much is this home worth?
The estimated value of the home located at 8A Gables Circle is $346,452.
What are some comparable homes to 8A Gables Circle?
There are currently no comparable homes to 8A Gables Circle.
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