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Salem 01970 North Salem
9 Sylvan Street
Photo of 9 Sylvan Street
Sold on Aug 31, 2011

1

Map

$77,400
● House - Off Market

9 Sylvan Street

Salem, MA 01970
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,216 Ft²
$186,421
RealtyHop Estimate
107.36%
Since Sep 1, 2011
MA-Boston
Primary Model

About This Property

Endless possibilites for this owner occupant rehab or rental investment.  Property needs many repairs and renovations.  Mack Park within one block, close to the waterfront, less than 10 mins to the highway.  Off street parking, level fenced lot.  Bring your imagination.  Cash or rehab loans only.
Unit Size
1,216 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$74
Property Type
House
Property Taxes
$287
HOA Dues
-
Year Built
1800

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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: 3 months ago (MLSPIN #71257206)

Price History

Date / Event Date Event Price
May 17, 2019 Sold
Premium
Sold
Feb 28, 2019 Listed by RE/MAX Encore $369,900
Listed by RE/MAX Encore
Oct 22, 2012 Sold
Premium
Sold
Aug 29, 2012 Listed by RE/MAX Encore $218,000
Listed by RE/MAX Encore
Aug 31, 2011 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1800
  • Effective Year Built: 1800
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 304
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,302
  • Total Building Area: 1,216
  • Gross Building Area: 1,592
  • Building Area: 1,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,216
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000076
  • 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: 204600

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:26 L:0125
  • Lot: 125
  • Municipality: SALEM
  • Latitude: 42.5246
  • Longitude: -70.9059

    Address

  • Full Address: 9 Sylvan St
  • Address - House Number: 9
  • Address - Street Name: Sylvan
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C017
  • 4-Digit Zip Code: 2327
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $573,100

    Appraisal Valuation

  • Standard Deviation: 0.2411
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 554,395
  • High Value: 688,028
  • Low Value: 420,762

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $493,200
  • Assessed Land Value: $186,700
  • Assessed Improvements Value: $306,500

    Sales

  • Current Sale Contract Date: May 16, 2019
  • Current Sale Recording Date: May 17, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190517004550
  • Previous Sale Recording Date: Oct 22, 2012
  • Previous Sale Amount: $218,000
  • Previous Sale Document Type: O
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 North Salem

Stats & Trends

Median Asking:

$654,450

Sale Price/ft²

$424

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1638 ft²

Average Home Age

99.7 years

Currently For Sale

22 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: 3 months ago
Data Source: MLS PIN, MLS# 71257206

Frequently Asked Questions

When was property at 9 Sylvan Street built and last sold?
The property at 9 Sylvan Street was built in 1800 and last sold on May 16, 2019 for $373,000.
How much is this home worth?
The estimated value of the home located at 9 Sylvan Street is $376,564.
What are some comparable homes to 9 Sylvan Street?
There are currently no comparable homes to 9 Sylvan Street.
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