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$335,000
● Condo - Off Market

1 Granite #2

Salem, MA
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,058 Ft²
$576,554
RealtyHop Estimate
64.78%
Since Apr 1, 2017
National-US
Primary Model

About This Property

New 3 bedroom condo conversion in North Salem offers easy access to downtown as well as highways.  This unit has all you could ask for:  separate entrance, open concept, huge dining and kitchen area, in-unit laundry, the list goes on.  Gutted down to the studs with new electric, plumbing, flooring, windows, fully insulated, new heating and hot water, new roof.... the list goes on.  This is a rare find with such large square footage and 3 bedrooms / 2 baths.  Tons of storage both in and out of the unit.  2 car tandem parking, granite counter tops, hardwood flooring, tall ceilings.  This truly is a a great home at a great price.
Unit Size
2,058 Ft²
Days on Market
-
Land Size
-
Price per sqft
$170
Property Type
Condo
Property Taxes
-
HOA Dues
$270
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72108445)

Price History

Date / Event Date Event Price
Mar 13, 2017 Sold
Premium
Sold
Jan 13, 2017 Listed by Coldwell Banker Realty - Beverly $349,900
Listed by Coldwell Banker Realty - Beverly

Property Highlights

Parking Available
Interior Details
Level: Second
Level: Third
Level: Third
Level: Second
Level: Third
Level: Second
Level: Second
Level: Third
Level: Second
Full Bathrooms: 2
Interior Features: Mud Room
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater
Flooring Type: Wood, Tile, Carpet
Laundry Features: Third Floor, In Unit
Rooms: 8
Basement: Y
Parking Details
Parking Features: Off Street, Tandem
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R2
Parcel Number: 2129576
Water Source: Public
Utilities Details
Cooling Type: None
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Snow Removal, Reserve Funds
HOA Fee: $270
Pets Allowed: Yes
Complex is Completed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72108445
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