11 Saunders Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 12, 2024 | Sold | ||
| Sold | |||
| Jul 24, 2024 | In contract | - | |
| In contract | |||
| Jul 17, 2024 | Listed by Lamacchia Realty, Inc. | $505,000 | |
| Listed by Lamacchia Realty, Inc. | |||
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Nestled in the historic and enchanting city of Salem, this charming 2-3 bedroom, 1.5 bathroom home awaits your arrival. Located just 0.4 miles from Salem's renowned attractions such as Salem Commons, museums, shops, and restaurants. The main level boasts a well-lit living space with a charming living room, a kitchen with a dining area and exterior access. The kitchen includes a new dishwasher (2024) and garbage disposal (2024). An additional room on the first floor, currently being used as an office, features a closet and can be utilized as a third bedroom or formal dining room. The bright stairwell, enhanced by a skylight, leads you to the upper floor featuring a spacious full bathroom with a skylight & 2 bedrooms, one with a walk in closet. Enjoy the outdoors from the screened-in porch, where you can take in views of the nearby Salem bike path and your private backyard. This lot also provides a 2-car driveway. At the end of the street you’ll find the Salem bike path with water views!
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| May 16, 2007 | Sold | ||
| Sold | |||
| Mar 5, 2007 | Listed by Lamacchia Realty, Inc. | $299,900 | |
| Listed by Lamacchia Realty, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017