$199,000
●
Condo -
Off Market
1 Nimitz Way #A
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$478,941
RealtyHop Estimate
117.70%
Since Apr 1, 2011
MA-Boston
Primary Model
About This Property
Fabulous End Unit 2 Bedroom Townhouse - Lots of Extra Light -
Large Eat-In Kitchen - Newer Windows -Newer Heater and
Compressor - Updated Kitchen Appliances - Newer Carpeting -
Pristine Move- in Condition. This unit is a real "GEM" !
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$131
Property Type
Condo
Property Taxes
$306
HOA Dues
$291
Year Built
-
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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 years ago (MLSPIN #71107289)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 25, 2011 | Sold | ||
| Sold | |||
| Jul 9, 2010 | Listed by Nahant Associates, Inc. | $220,000 | |
| Listed by Nahant Associates, Inc. | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: Second
Features: Flooring - Stone/Ceramic Tile, Dining Area
Level: Fourth Floor
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: Third
Features: Cathedral Ceiling(s), Flooring - Wall to Wall Carpet
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: Second
Features: Cathedral Ceiling(s), Flooring - Wall to Wall Carpet
Level: Fourth Floor
Level: First
Features: Flooring - Hardwood
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Electric Water Heater
Flooring Type: Tile, Carpet, Hardwood
Laundry Features: Flooring - Stone/Ceramic Tile, Second Floor
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Garage Door Opener, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 4
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: Res.
Parcel Number: M:22 L:0001 S:825, 2130352
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $223,700
Tax Annual Amount: $3,667
Utilities Details
Cooling Type: Central Air, Heat Pump
Heating Type: Forced Air, Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Clubroom
HOA Fee: $291
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Conservation Area
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/18/2023
|
3 Bed
|
2 Bath
|
1600 ft²
|
$430,000
3 Bed
2 Bath
1600 ft²
|
$470,000
+9.30%
06/22/2023
|
Zina Glikberg
Conway - Swampscott
| |
|
03/19/2019
|
2 Bed
|
2 Bath
|
1600 ft²
|
$299,900
2 Bed
2 Bath
1600 ft²
|
$299,900
06/14/2019
|
Gary Cieplik
RE/MAX Encore
| |
|
11/27/2017
|
2 Bed
|
2 Bath
|
1600 ft²
|
$235,000
2 Bed
2 Bath
1600 ft²
|
$223,780
-4.77%
03/12/2018
|
Diane Amato
Vylla Home
| |
|
07/09/2010
|
2 Bed
|
2 Bath
|
1682 ft²
|
$220,000
2 Bed
2 Bath
1682 ft²
|
$199,000
-9.55%
03/25/2011
|
Robert Soltz
Sagan Harborside Sotheby's International Realty
| |
|
09/01/2009
|
3 Bed
|
2 Bath
|
1600 ft²
|
$234,500
3 Bed
2 Bath
1600 ft²
|
$230,000
-1.92%
10/26/2009
|
Margaret Belmonte
Keller Williams Realty Evolution
| |
|
04/19/2006
|
3 Bed
|
1 Bath
|
1600 ft²
|
$282,500
3 Bed
1 Bath
1600 ft²
|
$274,900
-2.69%
10/24/2006
|
Hope Zabar
Sagan Harborside Sotheby's International Realty
| |
|
06/30/2005
|
2 Bed
|
2 Bath
|
1600 ft²
|
$294,900
2 Bed
2 Bath
1600 ft²
|
$281,300
-4.61%
01/27/2006
|
Paul Conti
Paul Conti Real Estate
| |
|
03/21/2002
|
3 Bed
|
2 Bath
|
1600 ft²
|
$209,900
3 Bed
2 Bath
1600 ft²
|
$218,000
+3.86%
05/17/2002
|
Grace Fidler
Coldwell Banker Realty - Marblehead
| |
|
04/28/1995
|
2 Bed
|
2 Bath
|
1600 ft²
|
$110,000
2 Bed
2 Bath
1600 ft²
|
$105,500
-4.09%
09/01/1995
|
Marilyn Hazel
Century 21 North East
|
Building Info
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