40 Raymond Ave
Salem, MA 01970
4 bd 2 ba 2,310 sqft Built 1920 Lot 6,098 sqft multi_family
Most recent sale
$770,000
Dec 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 29, 2022 | Sold | $770,000 | MLSPIN |
| Jan 29, 2021 | Sold | $630,000 | MLSPIN |
| Nov 12, 2020 | Listed | $580,000 | MLSPIN |
| Sep 12, 1997 | Sold | $170,000 | Public Record |
| Jan 31, 1997 | Sold | $159,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $465,900 | $218,600 | $684,500 | $7,762 |
| 2024 | $430,900 | $206,300 | $637,200 | $7,404 |
| 2023 | $385,800 | $187,800 | $573,600 | $7,176 |
| 2022 | $329,300 | $172,400 | $501,700 | $6,648 |
| 2021 | $296,300 | $160,100 | $456,400 | $6,298 |
| 2020 | $276,800 | $157,000 | $433,800 | $6,268 |
| 2019 | $261,800 | $147,800 | $409,600 | $6,185 |
| 2018 | $231,600 | $137,900 | $369,500 | $5,683 |
| 2017 | $216,600 | $129,300 | $345,900 | $5,486 |
| 2016 | $216,600 | $129,300 | $345,900 | $5,420 |
| 2015 | $231,100 | $113,900 | $345,000 | $5,661 |
| 2014 | $189,600 | $113,900 | $303,500 | $5,078 |
| 2006 | $245,900 | $136,400 | $382,300 | $4,286 |
| 2005 | $235,600 | $126,300 | $361,900 | $4,118 |
| 2004 | $218,400 | $117,000 | $335,400 | $3,928 |
| 2003 | $122,200 | $133,900 | $256,100 | $3,296 |
Property facts
Year built
1920
Property type
multi_family
Stories
3
Beds
4
Baths
2
Living area
2,310 sqft
Lot size
6,098 sqft
ZIP code
01970
City
Salem
Street
Raymond Ave
Coordinates
42.49966, -70.89092
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$6,699
Gross rental yield
10.44%
Implied cap rate
6.79%
Trend-extrapolated value
—
Frequently asked questions
When did 40 Raymond Ave last sell?
40 Raymond Ave most recently sold on Dec 29, 2022 for $770,000.
What is the current tax assessment for 40 Raymond Ave?
The most recent total assessment for 40 Raymond Ave (year 2025) is $684,500 with $7,762 in property tax.
How does 40 Raymond Ave's assessment compare to its last sale price?
The current assessment is 11.1% below the last sale price of $770,000.
When was 40 Raymond Ave built?
40 Raymond Ave was built in 1920.
How does 40 Raymond Ave compare to others on Raymond Ave?
We track 2 other properties on Raymond Ave. Browse the list under "Other properties on Raymond Ave" to compare beds, baths, and sale history.
What are the property facts for 40 Raymond Ave?
40 Raymond Ave is a 4 bed, 2 bath, 2,310 sqft, 6,098 sqft lot multi_family.
Is 40 Raymond Ave a flip candidate?
Yes — 40 Raymond Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 40 Raymond Ave a tax-appeal candidate?
No — 40 Raymond Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
-0.1%
2026 Q3
$565.8K
2026 Q4
$565.7K
ZIP 01970 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Raymond Ave