$349,900
●
Condo -
Off Market
2 Orient Way #2
Salem, MA 01970
2 Beds
3 Baths,
1
Half Bath
2,430 Ft²
$583,622
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model
About This Property
**PRISTINE CONDITION** Come check out this SPACIOUS Townhouse being
offered in the highly desirable Hamlet location. This condo has so
much to offer! Improvements include Refurbished Kitchen and
Baths, Stainless Steel Appliances, NEW heating system, . Open
concept Living Room/Dining Room with hardwood floors an inviting
fireplace and sliders to side yard. Large master suite has
cathedral ceiling, slider to balcony, Second large bedroom also has
cathedral ceiling, warm and inviting with its own private bath.
Shared open balcony access from both bedrooms. Family room on the
lower level is perfect for an office, spare bedroom, den or workout
room which leads to the Laundry Room and the Two car tandem Garage
with storage area. Additional parking for two cars. Central A/C.
This long "L" townhouse will not last. Open HOuse Saturday
from 1pm till 2.30pm
Unit Size
2,430 Ft²
Days on Market
-
Land Size
-
Price per sqft
$144
Property Type
Condo
Property Taxes
$337
HOA Dues
$339
Year Built
1986
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 4 years ago (MLSPIN #72014706)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2024 | Sold | ||
| Sold | |||
| Aug 9, 2024 | In contract | - | |
| In contract | |||
| Aug 5, 2024 | Price Decreased |
$574,900
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Jul 19, 2024 | Price Increased |
$599,990
↑ $25K
(4.4%) | |
| Price Increased | |||
| Jul 8, 2024 | Listed by Aluxety | $574,900 | |
| Listed by Aluxety | |||
| | |||
|
OPEN HOUSE CANCELED - OFFER ACCEPTED. This mint condition, move-in ready townhouse offers a flexible, open concept floor plan with tons of natural sunlight with 2 bedrooms, 2 full and 1 ½ bath in a very private location in the highly sought after Hamlet Condominiums Association. The main floor offers a bright living room with a wood burning fireplace, dining area, half bathroom and an eat-in kitchen that offers plenty of natural light with a sliding glass door that accesses a beautiful outdoor space. The top level offers a large master bedroom with sliding doors to the balcony along with a master bath with plenty of closet and storage space. The second bedroom is large and also has access to a balcony and a second full bathroom. Both bedrooms have cathedral ceilings, modern ceiling fans and plenty of closet space and storage. The finished lower level offers even more usable space, and can be used as another bedroom or family room that leads to the 2 car garage.
| |||
Show More
Property Highlights
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 12
Length: 14
Features: Flooring - Stone/Ceramic Tile, Remodeled, Slider, Stainless Steel Appliances
Area: 168
Level: Second
Area: 63
Width: 7
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile, Remodeled
Length: 9
Area: 117
Features: Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Remodeled
Length: 13
Level: Second
Width: 9
Level: Second
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet
Width: 13
Length: 14
Area: 182
Width: 15
Features: Flooring - Hardwood, Exterior Access
Length: 15
Level: First
Area: 225
Length: 15
Level: First
Area: 225
Features: Flooring - Hardwood
Width: 15
Length: 14
Level: Basement
Features: Flooring - Laminate, Recessed Lighting, Remodeled
Width: 14
Area: 196
Features: Bathroom - Full, Walk-In Closet(s), Flooring - Wall to Wall Carpet, Balcony - Exterior, French Doors, Dressing Room
Level: Second
Length: 16
Width: 12
Area: 192
Features: Bathroom - Half
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Disposal, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Carpet, Hardwood
Laundry Features: In Basement, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Tandem, Paved
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: The Hamlet
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: 2127919
Water Source: Public
Financial Details
Tax Assessed Value: $257,700
Tax Annual Amount: $4,038
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
HOA Fee: $339
Community Features: Public Transportation, Shopping
Pets Allowed: Yes
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 |
|---|---|---|---|---|---|---|---|
|
07/08/2024
|
2 Bed
|
3 Bath
|
1955 ft²
|
$620,000
2 Bed
3 Bath
1955 ft²
|
$570,000
-8.06%
09/12/2024
|
Philip O'Donnell
Armstrong Field Real Estate
| |
|
06/01/2016
|
2 Bed
|
3 Bath
|
2430 ft²
|
$349,900
2 Bed
3 Bath
2430 ft²
|
$349,900
07/28/2016
|
Philip Dennesen
Keller Williams - Beverly
| |
|
05/01/2000
|
2 Bed
|
3 Bath
|
2430 ft²
|
$229,000
2 Bed
3 Bath
2430 ft²
|
$225,000
-1.75%
06/15/2000
|
Raysa Bonow
Sagan Agency REALTORS®
| |
|
10/07/1997
|
2 Bed
|
3 Bath
|
2400 ft²
|
$169,900
2 Bed
3 Bath
2400 ft²
|
$166,000
-2.30%
01/30/1998
|
Raysa Bonow
Sagan Agency REALTORS®
| |
|
03/03/1995
|
2 Bed
|
3 Bath
|
2400 ft²
|
$139,900
2 Bed
3 Bath
2400 ft²
|
$137,000
-2.07%
09/22/1995
|
Janet Howcroft
Five Star Realty Group
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017