20
Map
$445,000
●
Condo -
In Contract
104 Bridge St #5
Salem, MA 01970
1 Bed
2 Baths,
1
Half Bath
732 Ft²
$2,789
Est. Monthly
$195
HOA / Fees
3.77%
Cap Rate
About This Property
This beautifully detached condo, fully gut-renovated in 2018,
offers modern living with all the charm of Salem. Perfect for
first-time homebuyers or those looking to downsize, this 1-bedroom,
1.5-bathroom home boasts two floors of spacious living. The updated
kitchen features marble countertops and stainless steel appliances,
while the open-concept layout is perfect for relaxing or
entertaining. Upstairs, enjoy a generous bedroom and modern,
convenient bathroom. Additional perks include a private parking
spot, in-unit laundry, extra storage space, access to a shared
outdoor common patio, and pet-friendly policies. Ideally located
one minute from Collins Cove Beach and across the street from
walking trails, you are an easy walk from Downtown Salem, Salem
MBTA (Commuter Rail) and Salem Common. This home blends privacy and
convenience, making it a rare find in a prime location. Schedule a
tour today and experience the best of Salem living!
Unit Size
732 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$608
Property Type
Condo
Property Taxes
$409
HOA Dues
$195
Year Built
-
Listed By
Daniel Pezzano
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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: 20 days ago (MLSPIN #73334550)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | In contract | - | |
| In contract | |||
| Feb 26, 2025 | Price Decreased |
$445,000
↓ $25K
(5.3%) | |
| Price Decreased | |||
| Feb 12, 2025 | Listed by Rise Signature Homes | $470,000 | |
| Listed by Rise Signature Homes | |||
| Jul 17, 2020 | Sold to Amanda Ryan | ||
| Sold to Amanda Ryan | |||
| Mar 25, 2020 | Listed by RE/MAX 360 | $399,900 | |
| Listed by RE/MAX 360 | |||
   | |||
|
ULTRA COOL, ONE OF A KIND FREE STANDING Carriage House Townhome!
This Loft-style Antique IS IN A PRIME LOCATION. Commute to the
city? Just 26 minutes to Boston and a short walk to the Salem
Commuter Rail. Love the Beach? Collins Cove Beach is 1 minute away.
Enjoy a brisk walk? Walking trails are just across the street. Set
up for SMART TECHNOLOGY, Enjoy this open concept Unit featuring a
completely renovated floor plan. Kitchen with Shaker Cabinets,
Marble Countertops, Stainless Steel…
| |||
Show More
Property Highlights
Parking Available
Air Conditioning
Interior Details
Area: 18.4375
Length: 3.75
Width: 4.916666
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Remodeled
Level: First
Width: 17.083333
Level: First
Length: 7.75
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Stainless Steel Appliances
Area: 132.395833
Area: 66.666666
Width: 8.333333
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall
Length: 8
Level: First
Length: 8.916666
Area: 152.326388
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Open Floorplan, Recessed Lighting, Remodeled
Width: 17.083333
Level: Second
Length: 10.333333
Width: 17.083333
Features: Bathroom - Full, Beamed Ceilings, Vaulted Ceiling(s), Closet, Closet/Cabinets - Custom Built, Flooring - Hardwood, Recessed Lighting, Remodeled
Area: 176.527777
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer/Dryer
Flooring Type: Tile, Laminate
Laundry Features: Electric Dryer Hookup, First Floor, In Unit
Rooms: 3
Basement: N
Parking Details
Parking Features: Off Street, Assigned, Paved
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate, Renovated Since
PropertySubType: Condominium
Building Name: Salem Cove
Structure Type: Detached
Stories (Total): 2
Building Area Units: Square Feet
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Zoning: R2
Parcel Number: M:36 L:0114 S:805, 5033473
Water Source: Public
Financial Details
Tax Assessed Value: $432,300
Tax Annual Amount: $4,902
Utilities Details
Utilities: for Electric Range, for Electric Oven
Cooling Type: Ductless
Heating Type: Electric, Ductless
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $195
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, University
Pets Allowed: Yes
Management: Owner Association
104 Bridge St #5, Salem, MA, 01970
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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
Sold
Condo
1
Bed
2
Baths
732 ft²
$533/ft²
$390,000
Mar 25, 2020
$390,000
Jul 17, 2020
$595/mo
Sold
Condo
2
Beds
1
Bath
752 ft²
$511/ft²
$384,000
Jun 23, 2020
$384,000
Aug 28, 2020
$601/mo
Sold
Condo
2
Beds
2
Baths
1,024 ft²
$410/ft²
$420,000
Oct 30, 2020
$420,000
Dec 11, 2020
$200/mo
Sold
Condo
2
Beds
2
Baths
874 ft²
$481/ft²
$420,000
Dec 18, 2020
$420,000
Jan 25, 2021
$183/mo
Sold
Condo
2
Beds
2
Baths
1,336 ft²
$385/ft²
$515,000
Oct 19, 2021
$515,000
Dec 3, 2021
$673/mo
Sold
Condo
3
Beds
3
Baths
1,454 ft²
$309/ft²
$450,000
Jan 19, 2018
$450,000
Mar 9, 2018
$245/mo
In Contract
Condo
2
Beds
2
Baths
724 ft²
$649/ft²
$469,900
Feb 5, 2025
-
$380/mo
In Contract
Condo
2
Beds
1
Bath
1,437 ft²
$347/ft²
$499,000
Feb 18, 2025
-
$626/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
06/23/2020
|
2 Bed
|
1 Bath
|
752 ft²
|
$389,000
2 Bed
1 Bath
752 ft²
|
$384,000
-1.29%
08/27/2020
|
Kate Richard
Craft Realty
| ||
|
03/25/2020
|
1 Bed
|
2 Bath
|
732 ft²
|
$399,900
1 Bed
2 Bath
732 ft²
|
$390,000
-2.48%
07/17/2020
|
Chuha & Scouten Team
RE/MAX 360
| ||
|
03/15/2018
|
1 Bed
|
2 Bath
|
732 ft²
|
$349,000
1 Bed
2 Bath
732 ft²
|
$365,000
+4.58%
04/27/2018
|
Julianna Tache
Charlesgate Realty Group, llc
| ||
|
01/26/2018
|
2 Bed
|
1 Bath
|
772 ft²
|
$350,000
2 Bed
1 Bath
772 ft²
|
$350,000
03/16/2018
|
-
|
Julianna Tache
Tache Real Estate, Inc.
| |
|
01/22/2018
|
3 Bed
|
3 Bath
|
1566 ft²
|
$499,000
3 Bed
3 Bath
1566 ft²
|
$483,000
-3.21%
03/12/2018
|
-
|
Gary Blattberg
RE/MAX 360
| |
|
01/19/2018
|
3 Bed
|
3 Bath
|
1454 ft²
|
$449,000
3 Bed
3 Bath
1454 ft²
|
$450,000
+0.22%
03/09/2018
|
-
|
Julianna Tache
Tache Real Estate, Inc.
| |
|
01/17/2018
|
2 Bed
|
1 Bath
|
752 ft²
|
$349,000
2 Bed
1 Bath
752 ft²
|
$355,000
+1.72%
03/09/2018
|
Kevin Saliba
Keller Williams Realty Evolution
|
Building Info
