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Salem 01970 Salem Neck
9 Barton Street
$425,000
● House - Off Market

9 Barton Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,915 Ft²
$2,830
Est. Monthly

About This Property

Opportunity awaits! Colonial home built in 1840 in need of renovations, sold in "as is" condition.  Located in the Collins Cove neighborhood steps from the water and quick access to the bike path which leads to the Salem commuter rail and the downtown area.  Potential to be rezoned for a 2-family use.  Property not on historic registry. The home features 4 bedrooms, 1 bedroom is located on the first floor, and 3 bathrooms. The kitchen leads to a deck overlooking a spacious backyard. Off-street parking.
Unit Size
1,915 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$261
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1840

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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 months ago (MLSPIN #73252373)

Price History

Date / Event Date Event Price
Sep 1, 2024 No longer available -
No longer available
Aug 30, 2024 Sold
Premium
Sold
Aug 18, 2024 In contract -
In contract
Aug 6, 2024 Relisted $180,000
Relisted
Aug 4, 2024 No longer available -
No longer available
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1840
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,024
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,377
  • Total Building Area: 1,915
  • Gross Building Area: 3,705
  • Building Area: 1,915
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,915
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000146
  • 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: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:36 L:0365
  • Lot: 365
  • Municipality: SALEM
  • Latitude: 42.5296
  • Longitude: -70.8887

    Address

  • Full Address: 9 Barton St
  • Address - House Number: 9
  • Address - Street Name: Barton
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C005
  • 4-Digit Zip Code: 3914
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $455,600

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 627,618
  • High Value: 789,731
  • Low Value: 465,506

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $392,100
  • Assessed Land Value: $167,600
  • Assessed Improvements Value: $224,500

    Sales

  • Current Sale Recording Date: Feb 11, 2009
  • 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 Salem Neck

Stats & Trends

Median Asking:

$549,900

Sale Price/ft²

$447

Below Asking

0.02%

Average Days on Market

57

Average Home Size

1378 ft²

Average Home Age

152.8 years

Currently For Sale

13 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# 73252373

Frequently Asked Questions

When was property at 9 Barton Street built and last sold?
The property at 9 Barton Street was built in 1840 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 9 Barton Street is $494,678.
What are some comparable homes to 9 Barton Street?
There are currently no comparable homes to 9 Barton Street.
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