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Rockingham
9 Palm Rd.
$176,000
● House - Off Market

9 Palm Rd.

Salem, NH 03079
bedrooms
2 Beds
bathrooms
1 Bath
square feet
912 Ft²
$430,559
RealtyHop Estimate
115.28%
Since Jan 1, 2013
National-US
Primary Model

About This Property

~A RARE FIND OPPORTUNITY~ 100FT OF WATERFRONT PROPERTY ON ARLINGTON POND. THIS HOMES SITS ON A GENEROUS SIZE (13,000+ SQFT) LOT AND IS NESTLED BETWEEN NEWER BUILT-UP HOMES IN A QUAINT COVE. BEAUTIFUL SCENIC & PICTURESQUE VIEWS AND ENDLESS POSSIBILITIES WITH THIS "RARE BIRD."  ADD A LITTLE TLC OR START FROM SCRATCH AND BUILD THE HOME OF YOUR DREAMS! THIS PROPERTY IS THE LAST ON THE STREET TO BE RENOVATED OR REBUILT...IT'S A DAIMOND OPPORTUNITY! CALL LIST AGENT FOR MORE DETAILS...WON'T LAST!!!
Unit Size
912 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$219
Property Type
House
Property Taxes
$345
HOA Dues
-
Year Built
2019

Payment Calculator

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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 #71433117)

Price History

Date / Event Date Event Price
Dec 31, 2012 Sold
Premium
Sold
Sep 10, 2012 Listed by Burns & Egan Realty Group, LLC $200,000
Listed by Burns & Egan Realty Group, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • 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: 9
  • Basement Area: 952
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,068
  • Total Building Area: 2,365
  • Gross Building Area: 4,314
  • Building Area: 2,365
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,365
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM
  • Census Tract: 100100

Zoning

  • Zoning: REC

Geography

  • Parcel: SLEM M:40 B:5291 L:
  • Block: 5291
  • Municipality: SALEM
  • Latitude: 42.816
  • Longitude: -71.2091

    Address

  • Full Address: 9 Palm Rd
  • Address - House Number: 9
  • Address - Street Name: Palm
  • Address - Suffix Type: Rd
  • State: NH
  • City Name: Salem
  • Carrier Code: R002
  • 4-Digit Zip Code: 1652
  • Zip Code: 03079

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,341,700

    Appraisal Valuation

  • Standard Deviation: 0.1264
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 85
  • Final Value: 1,034,788
  • High Value: 1,165,617
  • Low Value: 903,958

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $791,100
  • Assessed Land Value: $391,300
  • Assessed Improvements Value: $399,800

    Sales

  • Current Sale Recording Date: Dec 31, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
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 Rockingham

Stats & Trends

Median Asking:

$625,000

Sale Price/ft²

$251

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2907 ft²

Average Home Age

49.5 years

Currently For Sale

1049 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 40 Mary Ann, Salem, 03079

$6,000 /mo

  • 4 Beds
  • 2 Baths
  • 3,192 ft²
40 Mary Ann, Salem, 03079 Listing by Paul Redmond
Unit for rent at 387 Main, Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1,000 ft²
387 Main #1, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71433117

Frequently Asked Questions

When was property at 9 Palm Road built and last sold?
The property at 9 Palm Road was built in 2019 and last sold on Jan 1, 1970 for $176,000.
How much is this home worth?
The estimated value of the home located at 9 Palm Road is $203,619.
What are some comparable homes to 9 Palm Road?
There are currently no comparable homes to 9 Palm Road.
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