5 months on rocket

40 Highland Ave, Salem, MA, 01970

$630,000

Home List Price

$7,481*

Closing Credit

4 Bedrooms
2 Full Baths
1,757 SqFt
$359/SqFt
House
Schools Nearby

Location

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40 Highland Ave, Salem$630,000

Buyer Closing Credits

$7,481*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1915
HeatingCentral, Forced Air, Heat Pump
CoolingCentral Air
BasementYes
MLS #73182906
Lot Size0.22 Acres
StatusActive
(Back on Market)

About 40 Highland Ave

Immerse yourself in this fully renovated house, carefully crafted to elevate your living experience, ensuring your utmost comfort and convenience. Spacious bedrooms, including one on the main level, everyone can enjoy breathtaking views of the backyard. Each level boasts modern bathrooms, flooring, and fresh paint, creating a seamless blend of style and functionality. Major updates such as electrical, plumbing, and a brand-new heating system ensure peace of mind for years to come. This home operates entirely on electricity, making it a prime candidate for eco-friendly upgrades such as solar panels. Nestled on a generous lot with lush gardens and towering trees, this property offers a tranquil escape in the heart of the city. Parking spaces has been approved to be built by the city of Salem, and awaiting for ground to break, Could be a perfect opportunity for the savvy buyer. Buyers inability to continue to buy the home provides you a chance to be the new owner of this great home.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See Remarks)
  • Year Built: 1915
  • Living Area: 1,757 SqFt

Listing Office:

  • Office Name: Compass
  • Listing Agent: NE Home Team

Interior Features

Interior Information:

  • Appliances: Electric Water Heater, Range, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Vinyl, Flooring - Vinyl
  • Interior: Balcony - Interior, Recessed Lighting, Breezeway, Bonus Room, Mud Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Porch, Deck, Deck - Wood

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.22 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Collins Middle School, Public District Grades 6-8
  • Nathaniel Bowditch, Public District Grades KG-8
  • Saltonstall School, Public District Grades KG-8
  • Witchcraft Heights, Public District Grades KG-5
  • Horace Mann Laboratory, Public District Grades KG-5
  • Bates, Public District Grades KG-5

Other

Directions Information:

  • Directions: East of Hawthorne Square and West of Downtown on Highland

Price Information

Listing Price Info

Price Summary:

  • List Price: $630,000
  • Price Per SqFt: $359/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2

Tax Information:

  • Annual Amount: $3,863
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Salem, MA.

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Salem, MA

City

Med. Sold Price

$549.9K

Med. Price/SqFt

$381

Avg. Days On Market

25

# of Sold Homes

34

40 Highland Ave vs Salem

154 DAYS ON ROCKET

+129 Days

$630,000

+$80K More

$359/SqFt

-$22 Less

KEY TAKEAWAY

This property is $80K more than the Median Sold Price and $22/SqFt less than other homes in Salem, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73182906

Listing Office:

  • Office Name: Compass
  • Listing Agent: NE Home Team

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/30/2024, 12:55:14 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,863$279,900
2020$4,322$299,100
2019$4,485$297,000
2018$4,197$272,900
2017$3,860$243,400

History based on county public records data.

Payment Calculator

$3,212

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,955

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3468915
3
/10

  • Witchcraft Heights

  • 1 Frederick St

  • 0.71 miles

  • Public District Grades KG-5

school-card-donut-3468916
5
/10

  • Horace Mann Laboratory

  • 33 Loring Ave

  • 1.05 miles

  • Public District Grades KG-5

school-card-donut-3468917
5
/10

  • Bates

  • 53 Liberty Hill Ave

  • 1.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3468918
4
/10

  • Collins Middle School

  • 29 Highland Ave

  • 0.09 miles

  • Public District Grades 6-8

school-card-donut-3468919
2
/10

  • Nathaniel Bowditch

  • 79 Willson St

  • 0.47 miles

  • Public District Grades KG-8

school-card-donut-3468920
4
/10

  • Saltonstall School

  • 211 Lafayette St

  • 0.77 miles

  • Public District Grades KG-8

High School

school-card-donut-3468921
3
/10

  • Salem High School

  • 77 Willson St

  • 0.60 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $39,138. Most Salem, MA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 40 Highland Ave

What is the listing price of this property?

The listing price of 40 Highland Ave property is $630,000.

What type of property is this?

The property 40 Highland Ave is a house located in Salem, Massachusetts, 01970.

Is this property for sale now?

Active Listing: 40 Highland Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 40 Highland Ave are:
Witchcraft Heights: GreatSchools Rating 3/10
Horace Mann Laboratory: GreatSchools Rating 5/10
Bates: GreatSchools Rating 5/10
Collins Middle School: GreatSchools Rating 4/10
Nathaniel Bowditch: GreatSchools Rating 2/10
Saltonstall School: GreatSchools Rating 4/10
Salem High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,863 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 40 Highland Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 40 Highland Ave is 1,757 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 40 Highland Ave is 1915.

Rocket Homes›Massachusetts›Essex County›Salem›01970›40 Highland Ave

This home is located at 40 Highland Ave in Salem, MA and zip code 01970. This 1,757 square foot home, which was built in 1915, sits on a 0.22 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 27, 2023 and is currently priced at $630,000.

In March 2024 more than 26 listings in Salem, MA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 4 were sold below. The number of homes for sale in Salem, MA increased by 5.8% between February 2024 and March 2024. While the average time on the market in March 2024 was 25 days, the median list price was $549,925.

From Rocket Homes Real Estate and based on county public records data.

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