136 Bay View Ave
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Dec 19, 2024 | Sold | ||
| Sold | |||
| Nov 1, 2024 | In contract | - | |
| In contract | |||
| Oct 1, 2024 | Listed by The Proper Nest Real Estate | $2,150,000 | |
| Listed by The Proper Nest Real Estate | |||
| | |||
|
Own this stunning property on the eastern tip of Salem, right on Juniper Point in the Salem Willows! Enjoy unparalleled ocean views from nearly every room of this 5 bed, 2.5 bath house, with direct access to the water from your backyard for swimming, kayaking, and boating. This inviting home combines original Victorian charm with modern amenities. The first floor features two living spaces: a formal living room with a fireplace and the "Ocean Room," a sunny 2006 addition offering spectacular water views. An adjacent back porch and large dining room are perfect for entertaining, complemented by a cozy kitchen, mudroom, and half bath. Upstairs, you’ll find four bedrooms and a renovated full bathroom. Finally, the basement includes a 1 bedroom, 1 bath apartment with a separate entrance, perfect for guests, as an in-law unit, or rental income. Experience coastal living just minutes from downtown Salem, while enjoying your serene oceanfront oasis.
| |||
| Sep 20, 2024 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 12, 2024 | Listed by J. Barrett & Company | $2,395,000 | |
| Listed by J. Barrett & Company | |||
| | |||
|
Uniquely situated on the easternmost tip of Salem, is this stunning Victorian Home right on Juniper Point, full of historical details and charm. This welcoming home has direct ocean views from every room, most of which are dramatic and expansive. Surrounded by a seawall with steps down to the ocean, swim, access your boat or paddleboard, while gazing all the way to Cape Ann. The main house features 4 bedrooms 1.5 baths, country kitchen, a large dining room and 2 living rooms, the 2nd one newly added with floor to ceiling windows revealing magnificent panoramic views of the ocean. This "Ocean Room" boasts radiant heated marble floors, French doors with easy flow in and out to the sweet porch and lovely yard. Downstairs is a 1 bedroom 1 bath apartment that you may rent out or use for summer guests. Deep Water Mooring Available through Harbormaster for larger boat.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017