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Salisbury 01952
15 Second Street
$450,000
● House - Off Market

15 Second Street

Salisbury, MA 01952
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,456 Ft²
$763,859
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

A unique opportunity on historic Ring's Island!   This charming antique located on a .32 acre lot offers 3 bedrooms, living room, dining room, eat-in kitchen with an enclosed porch for seasonal expanded space, 2 1/2 baths, an office, walk-up attic PLUS a garage with abundant storage and upper story.   Beautiful scenic marsh and Merrimack River views, a large yard with nice proximity to the Ring's Island Town Pier and local marinas.   Convenient to the Salisbury Old Eastern Marsh and Clipper City Rail Trails, Plum Island attractions, area beaches, and the Gillis Bridge to Newburyport's central waterfront and harbor boardwalk... all make this an ideal location.     A rare offering in a desirable New England seaside community!
Unit Size
1,456 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$309
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1734

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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 months ago (MLSPIN #71970705)

Price History

Date / Event Date Event Price
Jun 30, 2016 Sold
Premium
Sold
Mar 11, 2016 Listed by William Raveis the Dolores Person $450,000
Listed by William Raveis the Dolores Person
May 23, 1997 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1734
  • Effective Year Built: 1734
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 728
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,865
  • Total Building Area: 1,880
  • Gross Building Area: 3,815
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000318
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Triton School District
  • Census Tract: 267102

Zoning

  • Zoning: R2

Geography

  • Account Number: 451/72, 43
  • Parcel: SALI M: 7 P: 56
  • Municipality: SALISBURY
  • Latitude: 42.817
  • Longitude: -70.8646

    Address

  • Full Address: 15 2nd St
  • Address - House Number: 15
  • Address - Street Name: 2nd
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salisbury
  • Carrier Code: C017
  • 4-Digit Zip Code: 2524
  • Zip Code: 01952

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $909,400

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 61
  • Final Value: 849,802
  • High Value: 1,012,210
  • Low Value: 687,393

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $870,200
  • Assessed Land Value: $575,400
  • Assessed Improvements Value: $294,800

    Sales

  • Current Sale Recording Date: Jun 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 953
  • Previous Sale Recording Date: May 23, 1997
  • Previous Sale Amount: $68,750
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Salisbury

Stats & Trends

Median Asking:

$615,000

Sale Price/ft²

$465

Below Asking

0.01%

Average Days on Market

65

Average Home Size

1669 ft²

Average Home Age

28.3 years

Currently For Sale

43 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 16 Chestnut, Newburyport, 01950

$3,700 /mo

  • 2 Beds
  • 1 Bath
  • 2,706 ft²
16 Chestnut, Newburyport, 01950 Listing by Tami Mallett

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71970705

Frequently Asked Questions

When was property at 15 2nd Street built and last sold?
The property at 15 2nd Street was built in 1734 and last sold on Jan 1, 1970 for $450,000.
How much is this home worth?
The estimated value of the home located at 15 2nd Street is $466,843.
What are some comparable homes to 15 2nd Street?
There are currently no comparable homes to 15 2nd Street.
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