$241,500
●
Condo -
Off Market
11 May #B
Salem, MA
2 Beds
1 Bath
660 Ft²
$362,284
RealtyHop Estimate
51.58%
Since Jul 1, 2018
National-US
Primary Model
About This Property
Charming, newly renovated, two- level condo features 5 rooms,
living room with bay window, freshly remodeled kitchen with granite
counters, new stainless appliances, new floor and cabinets; 2
bedrooms with glistening hardwood floors; new, tiled bathroom, new
windows and doors. Third floor is a large 760sf Bonus Room
with walk-in closet; second floor living area is 660sf for a total
of 1,420 sf exclusive use area. Unit has 2-car, off-street parking
in parking area abutting beautiful Splaine Park for recreation and
activities. Close to downtown Salem, restaurants, historic sites,
Peabody Essex Museum and commuter rail to Boston.
Unit Size
660 Ft²
Days on Market
-
Land Size
-
Price per sqft
$362
Property Type
Condo
Property Taxes
$201
HOA Dues
$75
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: 5 years ago (MLSPIN #72296630)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 8, 2018 | Sold | ||
| Sold | |||
| Mar 21, 2018 | Listed by Sagan Harborside Sotheby's International Realty | $239,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Ceiling Fan(s), Flooring - Laminate, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Level: Second
Features: Closet, Flooring - Hardwood
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Features: Closet, Flooring - Hardwood
Level: Second
Level: Second
Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box
Features: No
Full Bathrooms: 1
Interior Features: Walk-In Closet(s), Bonus Room
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater, Utility Connections for Electric Range
Flooring Type: Wood, Tile, Laminate, Flooring - Wall to Wall Carpet
Laundry Features: Dryer Hookup - Electric, Washer Hookup, In Building
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: May Fleur Condominium Iii
Structure Type: 2/3 Family
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Skylight(s), Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R3
Parcel Number: 2131356
Water Source: Public
Financial Details
Tax Assessed Value: $156,700
Tax Annual Amount: $2,410
Utilities Details
Utilities: for Electric Range
Cooling Type: Wall Unit(s)
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
Association Fee Frequency: Monthly
HOA Fee: $75
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017