73 School St, Salem, MA 01970

6 beds3 baths3,978 sqft Edit

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Sold: $379,000
Sold on 03/07/12
Zestimate®: $441,379
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Large North Salem 3 Family w/ separate utilities and a strong annual $49k rent roll. Owner pays heat for 2nd floor tenant. Driveway for tandem parking. Rubber roof new in 2005. Each apartment has a porch in the rear. Convenient location, easy access to routes 128 and 1. There is some lead paint, but very little according to owner to make premises comply. 2 of the units have updated kitchens. All units are neat and clean, hard wood floors. A great investment with a potential 14 % ROI.

Facts

  • Lot: 4,750 sqft
  • Multi Family
  • Built in 1910
  • Heating: Other
  • Last sold: Mar 2012 for $379,000
  • Last sale price/sqft: $95

Construction

  • Exterior material: Metal
  • Roof type: Built up
  • Room count: 15
  • Stories: 3
  • Unit count: 3

Other

  • Floor size: 3,978 sqft
  • Parcel #: M:16 L:0322
  • Zillow Home ID: 56118623

Zestimate Details

Zestimate
A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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$441,379
-$6,826 Last 30 days
$419K
$463K
Zestimate range
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The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,811/mo
+$34 Last 30 days
$1.4K
$3.5K
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Comparable Homes

Homes like this sold for $331-481K.

$290K
$530K
 

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Neighborhood

Market guide

Zillow predicts 01970 home values will fall 0.6% next year, compared to a 0.7% fall for Salem as a whole. Among 01970 homes, this home is valued 49.1% more than the midpoint (median) home, but is valued 52.3% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 01970, the number of foreclosures waiting to be sold is exactly the same as for Salem, and 49.1% less than the national average.

Learn more about forecast calculations or 01970 home values.
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    Nearby Schools in Salem

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org