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Salem 01970 South Salem
9 Cottage Street
$326,000
● House - Off Market

9 Cottage Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,147 Ft²
$626,253
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

Three bedroom colonial home with breezeway. Large finished area in basement with half bath, laundry room and walk-out to lovely yard has lots of potential. Hardwood floors, open eat-in kitchen dining room area, living room with fireplace. Short distance to Salem High School. Four car driveway plus garage for ample parking.
Unit Size
2,147 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$154
Property Type
House
Property Taxes
$376
HOA Dues
-
Year Built
1964

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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 #71561446)

Price History

Date / Event Date Event Price
Nov 21, 2013 Sold
Premium
Sold
Jul 26, 2013 Listed by Tache Real Estate, Inc. $329,900
Listed by Tache Real Estate, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 804
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,401
  • Total Building Area: 1,504
  • Gross Building Area: 2,604
  • Building Area: 1,504
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,504
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • 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: 204701

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:14 L:0189
  • Lot: 189
  • Municipality: SALEM
  • Latitude: 42.5095
  • Longitude: -70.9093

    Address

  • Full Address: 9 Cottage St
  • Address - House Number: 9
  • Address - Street Name: Cottage
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 2860
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $592,400

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 626,675
  • High Value: 738,578
  • Low Value: 514,771

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $509,800
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $322,200

    Sales

  • Current Sale Recording Date: Nov 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 340
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

2125 ft²

Average Home Age

87.2 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# 71561446

Frequently Asked Questions

When was property at 9 Cottage Street built and last sold?
The property at 9 Cottage Street was built in 1964 and last sold on Jan 1, 1970 for $326,000.
How much is this home worth?
The estimated value of the home located at 9 Cottage Street is $358,851.
What are some comparable homes to 9 Cottage Street?
There are currently no comparable homes to 9 Cottage Street.
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