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Salem 01970 North Salem
9 Upham Street
$402,000
● House - Off Market

9 Upham Street

Salem, MA 01970
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,477 Ft²
$547,193
RealtyHop Estimate
47.93%
Since Nov 1, 2018
MA-Boston
Primary Model

About This Property

MULTIPLE OFFER NOTIFICATION. Highest and best due by noon 7/3/18.  POTENTIAL POTENTIAL! This diamond in the rough is less than 1/2 mile walk to the Commuter Rail and has a lot to offer! Start with the farmer's porch overlooking the gorgeous over 10,000 sq. ft. level lot, enter to the spacious dining room with beautiful hardwood floors and lovely built in china cabinet, the bright living room with high ceilings and beautiful molding and the oversized kitchen featuring a good morning staircase! The upstairs has 3 large bedrooms and a 3/4 bath. Recent updates include New Roof 2015, Burnham Furnace 2004, New Gutters with Gutter Helmet and PVC plumbing in the bathroom. The huge attic is perfect for expansion. This house will not pass VA or FHA financing. Easy to show.
Unit Size
1,477 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$250
Property Type
House
Property Taxes
$410
HOA Dues
-
Year Built
1900

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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 #72347954)

Price History

Date / Event Date Event Price
Oct 5, 2018 Sold
Premium
Sold
Jun 18, 2018 Listed by MerryFox Realty $369,900
Listed by MerryFox Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 752
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,481
  • Total Building Area: 1,477
  • Gross Building Area: 3,090
  • Building Area: 1,477
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,477
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000241
  • 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: R2

Geography

  • Parcel: SALE M:27 L:0288
  • Lot: 288
  • Municipality: SALEM
  • Latitude: 42.528
  • Longitude: -70.9012

    Address

  • Full Address: 9 Upham St
  • Address - House Number: 9
  • Address - Street Name: Upham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C027
  • 4-Digit Zip Code: 2516
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $585,900

    Appraisal Valuation

  • Standard Deviation: 0.1786
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 603,866
  • High Value: 711,697
  • Low Value: 496,036

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $504,200
  • Assessed Land Value: $221,700
  • Assessed Improvements Value: $282,500

    Sales

  • Current Sale Recording Date: Oct 05, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 181005002920
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:

$649,900

Sale Price/ft²

$421

Below Asking

0.01%

Average Days on Market

52

Average Home Size

1605 ft²

Average Home Age

102.7 years

Currently For Sale

26 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# 72347954

Frequently Asked Questions

When was property at 9 Upham Street built and last sold?
The property at 9 Upham Street was built in 1900 and last sold on Jan 1, 1970 for $402,000.
How much is this home worth?
The estimated value of the home located at 9 Upham Street is $386,751.
What are some comparable homes to 9 Upham Street?
There are currently no comparable homes to 9 Upham Street.
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