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Salem 01970 South Salem
9 Linden Ave
$374,000
● House - Off Market

9 Linden Ave

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,547 Ft²
$593,744
RealtyHop Estimate
64.97%
Since Dec 1, 2016
MA-Boston
Primary Model

About This Property

Fully renovated move-in ready 4 bedroom 2 bath cape in sought after neighborhood on Marblehead line only minutes to Vinnin square.  Features include new kitchen with granite countertops and brand new stainless appliances, gleaming hardwood floors throughout, fireplaced living room, first floor or second floor master, finished lower level family room, extra large laundry room, new roof, central air, newer 3 zone heating system, new architectural shingled roof and large private yard backs to wooded land.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$233
Property Type
House
Property Taxes
$382
HOA Dues
-
Year Built
1952

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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 #72064713)

Price History

Date / Event Date Event Price
Nov 4, 2016 Sold
Premium
Sold
Sep 9, 2016 Listed by Ocean Real Estate $359,900
Listed by Ocean Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • 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: 884
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,419
  • Total Building Area: 1,547
  • Gross Building Area: 2,866
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 04 FRANKLIN ST
  • Land Acres: 0000000124
  • 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: 204102

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:30 L:0040
  • Lot: 40
  • Municipality: SALEM
  • Latitude: 42.4883
  • Longitude: -70.8968

    Address

  • Full Address: 9 Linden Ave
  • Address - House Number: 9
  • Address - Street Name: Linden
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C026
  • 4-Digit Zip Code: 4211
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $609,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1736
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 653,615
  • High Value: 767,064
  • Low Value: 540,166

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,600
  • Assessed Land Value: $178,900
  • Assessed Improvements Value: $345,700

    Sales

  • Current Sale Recording Date: Nov 04, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 520
  • Previous Sale Recording Date: May 10, 2016
  • 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

$369

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2122 ft²

Average Home Age

86.3 years

Currently For Sale

34 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: 5 months ago
Data Source: MLS PIN, MLS# 72064713

Frequently Asked Questions

When was property at 9 Linden Avenue built and last sold?
The property at 9 Linden Avenue was built in 1952 and last sold on Jan 1, 1970 for $374,000.
How much is this home worth?
The estimated value of the home located at 9 Linden Avenue is $375,539.
What are some comparable homes to 9 Linden Avenue?
There are currently no comparable homes to 9 Linden Avenue.
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