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$300,000
● Condo - Off Market

12 Hardy #1

Salem, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,068 Ft²
$590,369
RealtyHop Estimate
87.48%
Since Jul 1, 2008
National-US
Primary Model

About This Property

"Location, Location, Location" only begins to describe the attributes of this condo.  Central A/C, garage, extra parking, hardwood floors, granite countertops, built in office, private porch, huge yard....  Newly converted in 2005, you can move in and not worry about a thing.  Huge walk-in closet.  Just steps to the Harbor, and a few more to the Common and T.
Unit Size
1,068 Ft²
Days on Market
-
Land Size
-
Price per sqft
$295
Property Type
Condo
Property Taxes
$271
HOA Dues
$160
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 #70743646)

Price History

Date / Event Date Event Price
Jun 30, 2008 Sold
Premium
Sold
Apr 14, 2008 Listed by RE/MAX Destiny $314,900
Listed by RE/MAX Destiny

Property Highlights

Air Conditioning
Garage
Parking Available
Interior Details
Level: First
Level: First
Level: First
Level: First
Level: First
Full Bathrooms: 1
Interior Features: Office
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater
Flooring Type: Wood
Laundry Features: First Floor
Rooms: 5
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Off Street, Deeded
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 4539564
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $278,500
Tax Annual Amount: $3,250
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $160
Pets Allowed: Yes
Complex is Completed
Management: Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 70743646
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