1
Map
$290,000
●
Condo -
Off Market
2C Nimitz Way #C
Salem, MA 01970
2 Beds
1 Bath,
1
Half Bath
1,600 Ft²
$530,820
RealtyHop Estimate
80.24%
Since Apr 1, 2006
MA-Boston
Primary Model
About This Property
Exceptional 2 bedroom townhouse. Kitchen has Stainless Steel
appliances all 2 years old, center island with extra storage and
modern "rail" track lighting. Hot water heater 1 year old.
Interior painted about 2 1/2 years ago. Wood "Pergo-like" flooring.
Condo pool, tennis and clubhouse. This is a well maintained
impeccable unit. Move right in! No need to look further.........
Unit Size
1,600 Ft²
Days on Market
-
Land Size
-
Price per sqft
$184
Property Type
Condo
Property Taxes
$240
HOA Dues
$226
Year Built
-
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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: 6 months ago (MLSPIN #70322779)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2011 | Sold | ||
| Sold | |||
| Apr 28, 2011 | Listed by USA Real Estate Advisors | $209,000 | |
| Listed by USA Real Estate Advisors | |||
| | |||
|
Highly desirable Pickman Park Town house style living offers sun splashed open living spaces First floor living room with hardwood floors enhanced by fireplace, surround system and flat screen TV, and sliders to deck, kitchen with center island and stainless appliances, two bedrooms with cathedral ceilings, one and half baths, laundry and garage. Newer heating system and appliances. FHA approved, professionally managed and close to nature trails and the best of area amenities.
| |||
| Mar 21, 2006 | Sold | ||
| Sold | |||
| Jan 30, 2006 | Listed | $294,500 | |
| Listed | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Door Opener, Off Street, Under
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator
Flooring Type: Tile, Vinyl, Carpet, Laminate
Door Features: Storm Door(s)
Laundry Features: Electric Dryer Hookup, Washer Hookup, Flooring - Stone/Ceramic Tile, Second Floor
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Exterior Details
Square Footage: 1600
Year Built Source: Public Records
Year Built: 1980
Building Name: Pickman Park
Building Area Total: 1600
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Pool Features: Association, In Ground
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $256,600
Tax Annual Amount: $2,876
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Pool, Clubroom
HOA Fee: $226
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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