$320,000
●
Condo -
Off Market
16 Forest Ave #3
Salem, MA 01970
2 Beds
1 Bath
1,096 Ft²
$320,069
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model
About This Property
~Great Value in Salem~ Bright and Sunny, two bedroom condo offering
an updated kitchen and bathroom. This spacious and airy top
floor condo allows for a flexible floor plan plus a peaceful
home office nook opening to your private deck. Boasting tall
ceilings, hardwood floors, tons of windows and a built-in
china cabinet. Self-managed association, low condo fee and
pet friendly ~ Plus laundry and extra storage in full basement.
Conveniently located near Downtown Salem, Forest River Park,
Historic Salem Harbor, SSU and the commuter rail to Boston. Enjoy
local shopping, restaurants, nightlife, and the
award-winning PEM. Come home to Salem, voted one of the top ten
places to live north of Boston. *** Showings start Saturday May 7th
11:30-1:30 & Sunday May 8th, 11-1 ***
Unit Size
1,096 Ft²
Days on Market
-
Land Size
-
Price per sqft
$287
Property Type
Condo
Property Taxes
$300
HOA Dues
$150
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 #72975486)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2022 | Sold | ||
| Sold | |||
| May 3, 2022 | Listed by Armstrong Field Real Estate | $315,000 | |
| Listed by Armstrong Field Real Estate | |||
| Dec 2, 2016 | Sold | ||
| Sold | |||
| Sep 30, 2016 | Listed by Coldwell Banker Realty - Beverly | $199,900 | |
| Listed by Coldwell Banker Realty - Beverly | |||
| | |||
|
~ Fabulous Penthouse Condo ~ Amazing Value ~ This bright and sunny 6 room, 2 bedroom 1 bath offers hardwood flrs, updated kitchen, replacement windows and private porch. Featuring tall ceilings, spacious and airy rooms and a flexible floor plan. Conveniently located near downtown Salem, Forest River Park, SSU and public transpiration. Low condo fee. OPEN HOUSE SUNDAY Oct 2nd 2-3pm
| |||
| Dec 28, 2012 | Sold | ||
| Sold | |||
Show More
Property Highlights
Parking Available
Interior Details
Level: Third
Level: Third
Features: Closet, Flooring - Hardwood
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
Level: Third
Features: Bathroom - Full, Bathroom - With Tub & Shower
Level: Third
Features: Closet, Flooring - Hardwood
Level: Third
Level: Third
Features: Flooring - Hardwood
Level: Third
Features: Flooring - Hardwood
Full Bathrooms: 1
Interior Features: Home Office
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Oil Water Heater, Tank Water Heater
Flooring Type: Hardwood, Flooring - Hardwood
Laundry Features: In Basement, In Building
Rooms: 7
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Garden, 2/3 Family
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R
Parcel Number: M:33 L:0020 S:803, 2134539
Water Source: Public
Financial Details
Tax Assessed Value: $271,400
Tax Annual Amount: $3,596
Utilities Details
Cooling Type: None
Heating Type: Forced Air, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance
Association Fee Frequency: Monthly
HOA Fee: $150
Community Features: Public Transportation
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/03/2022
|
2 Bed
|
1 Bath
|
1096 ft²
|
$315,000
2 Bed
1 Bath
1096 ft²
|
$320,000
+1.59%
06/13/2022
|
Zoe Karademos
Armstrong Field Real Estate
| |
|
03/10/2021
|
2 Bed
|
1 Bath
|
1075 ft²
|
$309,900
2 Bed
1 Bath
1075 ft²
|
$315,000
+1.65%
04/23/2021
|
Marc Capomaccio
Keller Williams Realty Evolution
| |
|
09/30/2016
|
2 Bed
|
1 Bath
|
1096 ft²
|
$199,900
2 Bed
1 Bath
1096 ft²
|
$195,000
-2.45%
12/02/2016
|
Zoe Karademos
Coldwell Banker Residential Brokerage - Salem
| |
|
10/01/2015
|
2 Bed
|
1 Bath
|
1075 ft²
|
$175,900
2 Bed
1 Bath
1075 ft²
|
$161,000
-8.47%
01/14/2016
|
Matthew Newhall
Century 21 Hughes
| |
|
08/12/2012
|
2 Bed
|
1 Bath
|
1096 ft²
|
$159,900
2 Bed
1 Bath
1096 ft²
|
$150,000
-6.19%
12/28/2012
|
Margaret G. Cain
D. M. Greene Realty
| |
|
09/07/2005
|
2 Bed
|
1 Bath
|
1057 ft²
|
$229,000
2 Bed
1 Bath
1057 ft²
|
$222,500
-2.84%
10/27/2005
|
Eleanor Dubin
Coldwell Banker Realty - Marblehead
|
Building Info
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