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Salem 01970 South Salem
9 Gallows Hill Rd
$465,000
● House - Off Market

9 Gallows Hill Rd

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,564 Ft²
$678,998
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

Welcome Home to this Well maintained 3 bedroom Raised Ranch located in the much desirable Witchcraft Heights neighborhood. Main level features a spacious Eat IN kitchen with granite countertops, HW floors, Living Room, as well as 3 bedrooms, and a full bath. Newly renovated lower level consists of a large family room, half bath, laundry room,  and  garage access. Some updates include roof (2010), HW tank (2015), freshly painted walls, and renovated baths. Like to entertain? This beautiful fenced in private backyard with above ground pool, firepit, and batting cage is  ready for family fun. This home is a must see! First showings at Open Houses Sat. 9/8 and Sun 9/9 from 12:00-1:30.
Unit Size
1,564 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$293
Property Type
House
Property Taxes
$441
HOA Dues
-
Year Built
1965

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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 #72388435)

Price History

Date / Event Date Event Price
Oct 23, 2018 Sold
Premium
Sold
Sep 5, 2018 Listed by Prestige Homes Real Estate, LLC $459,000
Listed by Prestige Homes Real Estate, LLC
Oct 29, 2015 Sold
Premium
Sold

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 8,999
  • Total Building Area: 1,564
  • Gross Building Area: 1,978
  • Building Area: 1,564
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,564
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: WITCHCRAFT HEIGHTS
  • Land Acres: 0000000207
  • 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:0437
  • Lot: 437
  • Municipality: SALEM
  • Latitude: 42.5159
  • Longitude: -70.9165

    Address

  • Full Address: 9 Gallows Hill Rd
  • Address - House Number: 9
  • Address - Street Name: Gallows Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Salem
  • Carrier Code: C098
  • 4-Digit Zip Code: 1221
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $643,600

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 643,816
  • High Value: 755,564
  • Low Value: 532,068

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,900
  • Assessed Land Value: $221,100
  • Assessed Improvements Value: $332,800

    Sales

  • Current Sale Recording Date: Oct 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181023002180
  • Previous Sale Recording Date: Oct 29, 2015
  • Previous Sale Amount: $10,000
  • Previous Sale Document Type: 55
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

2171 ft²

Average Home Age

83.9 years

Currently For Sale

33 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# 72388435

Frequently Asked Questions

When was property at 9 Gallows Hill Road built and last sold?
The property at 9 Gallows Hill Road was built in 1965 and last sold on Jan 1, 1970 for $465,000.
How much is this home worth?
The estimated value of the home located at 9 Gallows Hill Road is $471,811.
What are some comparable homes to 9 Gallows Hill Road?
There are currently no comparable homes to 9 Gallows Hill Road.
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