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Salem 01970 South Salem
9 Wall Street
$540,000
● House - Off Market

9 Wall Street

Salem, MA 01970
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,779 Ft²
$567,273
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Wonderful and charming single-family home sighted on a quiet side street in desirable Witchcraft Heights. The lovely maintenance free covered porch welcomes you into the first floor with front to back living room/dining room, large kitchen and mud room leading to the backyard. Upstairs offers four bedrooms and two full baths with a third floor primary suite and sitting area with the flexibility to be a den, library or in-home office. Outdoors is a patio and fenced, level backyard perfect for entertaining. In close proximity to restaurants, shops, commuter routes and all Salem has to offer. Be in your new home for the holidays. First showings will be at the open house Sunday, September 18th from 11 AM to 1 PM.
Unit Size
1,779 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$297
Property Type
House
Property Taxes
$493
HOA Dues
-
Year Built
1905

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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 #73036173)

Price History

Date / Event Date Event Price
Nov 16, 2022 Sold
Premium
Sold
Sep 21, 2022 In contract -
In contract
Sep 14, 2022 Listed by Keller Williams Realty Evolution $529,000
Listed by Keller Williams Realty Evolution
Apr 17, 2020 Sold
Premium
Sold
Feb 5, 2020 Listed by Keller Williams Realty Evolution $439,000
Listed by Keller Williams Realty Evolution
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 718
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,193
  • Total Building Area: 1,779
  • Gross Building Area: 3,060
  • Building Area: 1,779
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,779
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000073
  • 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:15 L:0082
  • Lot: 82
  • Municipality: SALEM
  • Latitude: 42.5192
  • Longitude: -70.9165

    Address

  • Full Address: 9 Wall St
  • Address - House Number: 9
  • Address - Street Name: Wall
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C038
  • 4-Digit Zip Code: 1337
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $639,900

    Appraisal Valuation

  • Standard Deviation: 0.1823
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 620,880
  • High Value: 732,058
  • Low Value: 509,701

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,700
  • Assessed Land Value: $186,200
  • Assessed Improvements Value: $364,500

    Sales

  • Current Sale Contract Date: Nov 16, 2022
  • Current Sale Recording Date: Nov 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20221116001550
  • Previous Sale Recording Date: Apr 17, 2020
  • Previous Sale Contract Date: Apr 16, 2020
  • Previous Sale Amount: $439,000
  • 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 South Salem

Stats & Trends

Median Asking:

$619,000

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2270 ft²

Average Home Age

87.2 years

Currently For Sale

43 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# 73036173

Frequently Asked Questions

When was property at 9 Wall Street built and last sold?
The property at 9 Wall Street was built in 1905 and last sold on Nov 16, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 9 Wall Street is $530,699.
What are some comparable homes to 9 Wall Street?
There are currently no comparable homes to 9 Wall Street.
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