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Salem 01970 South Salem
9 Thomas Circle
Photo of 9 Thomas Circle
Sold on May 29, 2009

1

Map

$430,000
● House - Off Market

9 Thomas Circle

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,432 Ft²
$922,232
RealtyHop Estimate
109.65%
Since Jun 1, 2009
MA-Boston
Primary Model

About This Property

Gracious foyer opens to formal dining & living/family rms, kitchen with granite counters, high end Excelsior appliances and breakfast area, first floor half bath and laundry room. Second floor offers 4 bdrms , exquisite master suite with a large, walk-in closet and luxurious tiled bath w/jacuzzi tub and separate shower. Lower level has sliders to rear yard. Two car garage, central AC, cul-de-sac location, convenient to major routes and shopping. Excellent value!
Unit Size
2,432 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$181
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
2007

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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 #70909035)

Price History

Date / Event Date Event Price
May 29, 2009 Sold
Premium
Sold
Apr 27, 2009 Listed $439,900
Listed
Aug 7, 2008 Sold
Premium
Sold
May 8, 2008 Listed $439,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,216
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,360
  • Total Building Area: 2,432
  • Gross Building Area: 3,817
  • Building Area: 2,432
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,432
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000261
  • 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: 204701

Zoning

  • Zoning: B2

Geography

  • Parcel: SALE M:08 L:0021
  • Lot: 21
  • Municipality: SALEM
  • Latitude: 42.5018
  • Longitude: -70.9269

    Address

  • Full Address: 9 Thomas Cir
  • Address - House Number: 9
  • Address - Street Name: Thomas
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Salem
  • Carrier Code: C030
  • 4-Digit Zip Code: 1754
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $802,900

    Appraisal Valuation

  • Standard Deviation: 0.169
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 791,621
  • High Value: 925,424
  • Low Value: 657,817

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $691,000
  • Assessed Land Value: $205,100
  • Assessed Improvements Value: $485,900

    Sales

  • Current Sale Recording Date: May 29, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 499266
  • Previous Sale Recording Date: Aug 07, 2008
  • Previous Sale Amount: $430,000
  • Previous Sale Document Type: 48
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

2078 ft²

Average Home Age

88.7 years

Currently For Sale

44 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# 70909035

Frequently Asked Questions

When was property at 9 Thomas Circle built and last sold?
The property at 9 Thomas Circle was built in 2007 and last sold on Jan 1, 1970 for $430,000.
How much is this home worth?
The estimated value of the home located at 9 Thomas Circle is $465,203.
What are some comparable homes to 9 Thomas Circle?
There are currently no comparable homes to 9 Thomas Circle.
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