$570,000
●
Condo -
Off Market
2 Orient Way #2
Salem, MA 01970
2 Beds
3 Baths,
1
Half Bath
1,955 Ft²
$3,752
Est. Monthly
$428
HOA / Fees
3.48%
Cap Rate
About This Property
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.
Unit Size
1,955 Ft²
Days on Market
-
Land Size
-
Price per sqft
$294
Property Type
Condo
Property Taxes
$501
HOA Dues
$428
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: 3 years ago (MLSPIN #73260864)
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
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Window(s) - Picture, Dining Area, Slider, Gas Stove
Level: Second
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: Second
Features: Bathroom - Full, Ceiling Fan(s), Flooring - Laminate, Balcony / Deck, Slider
Features: Flooring - Hardwood
Level: First
Features: Bathroom - Full, Bathroom - With Shower Stall, Bathroom - With Tub, Flooring - Stone/Ceramic Tile
Level: Second
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture, Balcony / Deck, Slider
Level: Second
Level: First
Features: Flooring - Hardwood, Window(s) - Picture, Open Floorplan, Slider
Level: Basement
Features: Flooring - Laminate
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet, Laminate
Laundry Features: Electric Dryer Hookup, In Basement, In Unit, Gas Dryer Hookup, Washer Hookup
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Hamlet
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Zoning: R1
Parcel Number: 2127919
Water Source: Public
Financial Details
Tax Assessed Value: $516,900
Tax Annual Amount: $6,007
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $428
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University
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 |
|---|---|---|---|---|---|---|---|
|
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
Janet Howcroft
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017