$520,000
●
Condo -
Off Market
11 Barton Square #201
Salem, MA 01970
2 Beds
2 Baths
1,290 Ft²
$3,354
Est. Monthly
$510
HOA / Fees
4.43%
Cap Rate
About This Property
Hidden gem! Welcome home to this townhouse-style unit ideally
situated in the heart of Salem, where all the action is, yet
secluded and tucked away from the hustle & bustle of downtown.
Enjoy an abundance of natural sunlight that streams into an open
concept living room - dining room with a fireplace, vaulted
ceiling, skylight and sliding glass door to the large balcony.
Kitchen has gorgeous new stainless steel appliances. Huge primary
bedroom loft features a walk-in closet plus a second closet & en
suite bath. 2nd bedroom has another large closet and could be an
office/rec room. In-unit laundry. Deeded Parking! Everything you
need is within a few blocks of the door including the commuter
train, dining, breweries, shopping, PEM, waterfront, etc. Heat/hot
water, exercise, sauna & event rooms included in condo fee in this
well managed association.
Unit Size
1,290 Ft²
Days on Market
-
Land Size
-
Price per sqft
$388
Property Type
Condo
Property Taxes
$389
HOA Dues
$510
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: 3 years ago (MLSPIN #73220136)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 3, 2024 | Sold | ||
| Sold | |||
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed by Armstrong Field Real Estate | $499,999 | |
| Listed by Armstrong Field Real Estate | |||
| Apr 1, 2013 | Sold | ||
| Sold | |||
| Dec 12, 2012 | Listed by Armstrong Field Real Estate | $239,900 | |
| Listed by Armstrong Field Real Estate | |||
| | |||
|
Townhouse/loft in the heart of downtown Salem in a quiet location. Fireplaced open concept living room with vaulted ceiling, skylight and large balcony. Upgraded kitchen with custom tilework. Huge master bedroom loft w/TONS of closet space & master bath. In-unit laundry.PARKING! Everything you need is just a few minutes walk away including the commuter train, restaurants, pubs, waterfront, etc. Heat/hot water, exercise & event rooms, sauna included in condo fee
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Open Floorplan, Stainless Steel Appliances
Level: Second
Features: Bathroom - 3/4, Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Level: First
Features: Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet
Features: Flooring - Laminate, Open Floorplan
Level: First
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Marble
Level: First
Features: Bathroom - Full, Skylight, Cathedral Ceiling(s), Walk-In Closet(s), Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet
Level: Second
Level: First
Features: Skylight, Cathedral Ceiling(s), Flooring - Laminate, Open Floorplan, Slider
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Flooring Type: Tile, Carpet, Laminate
Laundry Features: First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Deeded
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Heritage Plaza Condominiums
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: BPD
Parcel Number: 2136118
Water Source: Public
Financial Details
Tax Assessed Value: $398,500
Tax Annual Amount: $4,666
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Wall Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water, Fitness Center, Sauna/Steam, Clubroom, Storage
Association Fee Frequency: Monthly
HOA Fee: $510
Community Features: Public Transportation, Shopping, Medical Facility, House of Worship, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
04/04/2024
|
2 Bed
|
2 Bath
|
1290 ft²
|
$499,999
2 Bed
2 Bath
1290 ft²
|
$520,000
+4.00%
05/03/2024
|
Philip O'Donnell
Armstrong Field Real Estate
| |
|
03/30/2023
|
1 Bed
|
1 Bath
|
693 ft²
|
$339,900
1 Bed
1 Bath
693 ft²
|
$350,000
+2.97%
05/01/2023
|
Christopher Sweeney
Coldwell Banker Realty - Marblehead
| |
|
01/26/2022
|
2 Bed
|
2 Bath
|
1290 ft²
|
$438,000
2 Bed
2 Bath
1290 ft²
|
$462,000
+5.48%
03/08/2022
|
Gail Tyrrell
Churchill Properties
| |
|
01/15/2019
|
2 Bed
|
2 Bath
|
1098 ft²
|
$309,000
2 Bed
2 Bath
1098 ft²
|
$275,000
-11.00%
03/08/2019
|
Colleen Nobles
Armstrong Field Real Estate
| |
|
07/07/2017
|
2 Bed
|
2 Bath
|
1290 ft²
|
$355,000
2 Bed
2 Bath
1290 ft²
|
$355,000
08/24/2017
|
Jennifer Kannan
J. Barrett & Company
| |
|
06/26/2014
|
2 Bed
|
2 Bath
|
1290 ft²
|
$279,900
2 Bed
2 Bath
1290 ft²
|
$279,900
08/04/2014
|
Jenny May
J. Barrett & Company
| |
|
12/12/2012
|
2 Bed
|
2 Bath
|
1088 ft²
|
$239,900
2 Bed
2 Bath
1088 ft²
|
$229,000
-4.54%
04/01/2013
|
Armstrong Field Team
Aluxety
| |
|
10/27/2003
|
2 Bed
|
2 Bath
|
1290 ft²
|
$249,000
2 Bed
2 Bath
1290 ft²
|
$243,000
-2.41%
12/10/2003
|
Ann Marie Hayward
EXIT Realty Beatrice Associates
| |
|
07/28/2002
|
1 Bed
|
1 Bath
|
772 ft²
|
$164,900
1 Bed
1 Bath
772 ft²
|
$153,000
-7.22%
09/27/2002
|
Fran Nutting
Carlson GMAC Real Estate
| |
|
06/12/2002
|
2 Bed
|
2 Bath
|
1290 ft²
|
$229,000
2 Bed
2 Bath
1290 ft²
|
$234,000
+2.18%
07/26/2002
|
Gail Tyrrell
Churchill Properties
| |
|
04/06/2001
|
2 Bed
|
2 Bath
|
1290 ft²
|
$179,900
2 Bed
2 Bath
1290 ft²
|
$177,500
-1.33%
05/31/2001
|
Gail Tyrrell
Churchill Properties
| |
|
01/18/2000
|
1 Bed
|
1 Bath
|
772 ft²
|
$119,900
1 Bed
1 Bath
772 ft²
|
$119,900
03/15/2000
|
Sussi Danforth
Coldwell Banker Realty - Marblehead
| |
|
12/10/1999
|
1 Bed
|
1 Bath
|
772 ft²
|
$119,900
1 Bed
1 Bath
772 ft²
|
$116,900
-2.50%
02/18/2000
|
Fatima Heath
North Shore's Gold Coast Realty
| |
|
10/21/1997
|
2 Bed
|
2 Bath
|
1290 ft²
|
$99,000
2 Bed
2 Bath
1290 ft²
|
$100,000
+1.01%
12/19/1997
|
Carol St. Pierre
Tache Real Estate, Inc.
| |
|
04/15/1996
|
2 Bed
|
2 Bath
|
1290 ft²
|
$95,000
2 Bed
2 Bath
1290 ft²
|
$86,500
-8.95%
07/29/1996
|
Betty Marlin
RE/MAX Advantage Real Estate
|
Building Info
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