$205,000
●
Condo -
Off Market
2 Nimitz Way #2B
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,600 Ft²
$460,679
RealtyHop Estimate
117.30%
Since Mar 1, 2011
MA-Boston
Primary Model
About This Property
BEST PRICED RANCH STYLE UNIT ON THE MARKET!!!Highly desirable open
and airy ranch style unit at Pickman Park. The spacious sunlit
living room offers a fireplace, cathedral ceiling and access to
private deck. The main level also includes an eat-in -kitchen with
ample cabinet space, 2 bedrooms and full bath. The
entry level offers walk in from garage, laundry room/half bath and
either family room 3rd bedroom or office.In excellent condition.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$133
Property Type
Condo
Property Taxes
$271
HOA Dues
$284
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 #71122811)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 3, 2011 | Sold | ||
| Sold | |||
| Aug 12, 2010 | Listed by Tishey Noiseux R. E. | $212,000 | |
| Listed by Tishey Noiseux R. E. | |||
| Aug 13, 1996 | Sold | ||
| Sold | |||
| Jun 7, 1996 | Listed by MerryFox Realty | $117,500 | |
| Listed by MerryFox Realty | |||
| | |||
|
IMMEDIATE OCCUPANCY MOVE-IN CONDITION NBR OF UNITS OWNER OCCUPIED IS 200.
| |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: Second
Level: Second
Features: Bathroom - Full
Features: Bathroom - Half
Level: First
Level: Second
Features: Flooring - Wall to Wall Carpet, Balcony / Deck
Level: First
Level: Second
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Electric Water Heater
Flooring Type: Vinyl, Carpet
Laundry Features: First Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Under, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: R
Parcel Number: 2130336
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $232,000
Tax Annual Amount: $3,252
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool, Tennis Court(s)
HOA Fee: $284
Community Features: Public Transportation, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, House of Worship
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
09/18/2018
|
2 Bed
|
2 Bath
|
1640 ft²
|
$289,900
2 Bed
2 Bath
1640 ft²
|
$300,000
+3.48%
11/06/2018
|
Frank Spadafora
Century 21 North East
| |
|
11/10/2017
|
2 Bed
|
1 Bath
|
1640 ft²
|
$284,900
2 Bed
1 Bath
1640 ft²
|
$290,000
+1.79%
12/22/2017
|
Amy Sweeney
MerryFox Realty
| |
|
05/07/2014
|
2 Bed
|
2 Bath
|
1640 ft²
|
$234,900
2 Bed
2 Bath
1640 ft²
|
$226,500
-3.58%
06/30/2014
|
Paul DalBon
Keller Williams Realty Evolution
| |
|
04/28/2011
|
2 Bed
|
2 Bath
|
1600 ft²
|
$209,000
2 Bed
2 Bath
1600 ft²
|
$200,000
-4.31%
07/08/2011
|
Patrick Lydon
USA Real Estate Advisors
| |
|
08/12/2010
|
2 Bed
|
2 Bath
|
1600 ft²
|
$212,000
2 Bed
2 Bath
1600 ft²
|
$205,000
-3.30%
02/03/2011
|
Tishey Noiseux
Tishey Noiseux R. E.
| |
|
01/30/2006
|
2 Bed
|
1 Bath
|
1600 ft²
|
$294,500
2 Bed
1 Bath
1600 ft²
|
$290,000
-1.53%
03/21/2006
|
Robert Soltz
Sagan Harborside Sotheby's International Realty
| |
|
05/23/2003
|
2 Bed
|
2 Bath
|
1600 ft²
|
$247,500
2 Bed
2 Bath
1600 ft²
|
$245,000
-1.01%
07/15/2003
|
Donna Lambert
Churchill Properties
| |
|
04/15/2000
|
2 Bed
|
2 Bath
|
1640 ft²
|
$169,900
2 Bed
2 Bath
1640 ft²
|
$176,000
+3.59%
05/31/2000
|
Maryellen Farrar
Coldwell Banker Residential Brokerage - Marblehead
| |
|
06/07/1996
|
Loft
|
2 Bath
|
1250 ft²
|
$117,500
Loft
2 Bath
1250 ft²
|
$114,000
-2.98%
08/13/1996
|
Ellsworth Lord
Ellsworths Choice Properties
|
Building Info
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