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Salem 01970 South Salem
9, Lot 228 Nurse Way
$525,000
● House - Off Market

9, Lot 228 Nurse Way

Salem, MA 01970
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,629 Ft²
$924,793
RealtyHop Estimate
81.37%
Since Apr 1, 2015
MA-Boston
Primary Model

About This Property

Lovely NEW home built on NEW cul-de-sac features front to back family room with gas fireplace and hardwood floors. The kitchen features granite counter tops,large pantry closet, stainless appliances and hardwood floors. This flexible floor plan can be utilized as a first floor master suite with large walk-in closet and full bath or as a game room. Second floor features laundry, 4 bedrooms , full bath, master suite and a walk up attic. Home is completed and ready to close.
Unit Size
2,629 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$194
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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 #71746224)

Price History

Date / Event Date Event Price
Mar 6, 2015 Sold
Premium
Sold
Sep 19, 2014 Listed by Keller Williams Realty Evolution $509,900
Listed by Keller Williams Realty Evolution

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 7
  • Basement Area: 1,472
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,991
  • Total Building Area: 2,702
  • Gross Building Area: 6,052
  • Building Area: 2,702
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,702
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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:09 L:0335
  • Lot: 335
  • Municipality: SALEM
  • Latitude: 42.5113
  • Longitude: -70.9193

    Address

  • Full Address: 9 Nurse Way
  • Address - House Number: 9
  • Address - Street Name: Nurse
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Salem
  • Carrier Code: C042
  • 4-Digit Zip Code: 1970
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $990,800

    Appraisal Valuation

  • Standard Deviation: 0.1728
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 890,545
  • High Value: 1,044,448
  • Low Value: 736,641

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $852,700
  • Assessed Land Value: $204,700
  • Assessed Improvements Value: $648,000

    Sales

  • Current Sale Recording Date: Mar 06, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 559774
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

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2188 ft²

Average Home Age

89.2 years

Currently For Sale

45 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# 71746224

Frequently Asked Questions

When was property at 9 Nurse Way built and last sold?
The property at 9 Nurse Way was built in 2014 and last sold on Jan 1, 1970 for $525,000.
How much is this home worth?
The estimated value of the home located at 9 Nurse Way is $516,859.
What are some comparable homes to 9 Nurse Way?
There are currently no comparable homes to 9 Nurse Way.
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