$180,000
●
Condo -
Off Market
13 Read #2
Salem, MA
3 Beds
1 Bath
815 Ft²
$264,780
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
This 1st floor 3 bedroom condo, located on a lovely dead end
street, is one of the best deals in Salem! Great flexible open
floor plan, in unit laundry, newer fridge, lockable enclosed
basement storage. Pet friendly. Heat & hot water are included in
the monthly condo fee. Offsite management company. Close to
downtown & Salem State University. Showings begin 5/3/18. 24 hours
showing requests. Offers are due by, & will be held until, Tues 5/8
@ 4 pm. Please put a response time of 6 pm by 5/9 on all offers.
Unit Size
815 Ft²
Days on Market
-
Land Size
-
Price per sqft
$215
Property Type
Condo
Property Taxes
$184
HOA Dues
$300
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #72318211)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 11, 2018 | Sold | ||
| Sold | |||
| May 1, 2018 | Listed by RE/MAX 360 | $175,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Parking Available
Interior Details
Level: Main
Features: Closet, Flooring - Stone/Ceramic Tile, Open Floorplan, Washer Hookup, Gas Stove
Level: Main
Features: Ceiling Fan(s), Closet, Flooring - Hardwood, Flooring - Wood
Features: Closet, Flooring - Wall to Wall Carpet
Level: Main
Features: Closet, Flooring - Wall to Wall Carpet, Exterior Access, Open Floorplan
Level: Main
Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen
Level: First
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet
Level: Main
Level: Main
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Cable Hookup, Exterior Access, Open Floorplan
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Wood, Tile, Carpet, Hardwood
Laundry Features: First Floor, In Unit
Rooms: 5
Basement: Y
Parking Details
Parking Features: On Street, Common
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: 11-13 Read Street Condominium Trust
Structure Type: Garden, Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R
Parcel Number: 2130805
Water Source: Public
Financial Details
Tax Map Number: 23
Tax Assessed Value: $143,200
Tax Annual Amount: $2,202
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: None
Heating Type: Baseboard, Oil, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Association Fee Frequency: Monthly
HOA Fee: $300
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017