$375,000
●
Condo -
Off Market
20 Central #302
Salem, MA
1 Bed
1 Bath
688 Ft²
$347,686
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model
About This Property
Open House this Saturday from 12:00 PM to 1:30 PM Historic city by
the sea offers this charming one-bedroom condominium in the heart
of downtown Salem. Beautiful city lit up views from the covered
deck, also great for grilling out. Stroll over to many boutiques,
restaurants, and the renowned Peabody Essex Museum. A vibrant artsy
spiritual environment soothes the soul in this beloved downtown
area. The unit boasts an open floor plan, dining room/living room
combination. Modern galley kitchen with granite countertops and
cool appliances. Underground parking space is included, just take
the elevator from the gated safe garage up to your unit. Laundry
facilities are in the building. Common area hallways and elevators
are sparkling clean in this very well-managed building. Sorry, no
pets are allowed.
Unit Size
688 Ft²
Days on Market
-
Land Size
0.61 acres
Price per sqft
$501
Property Type
Condo
Property Taxes
$284
HOA Dues
$272
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: 5 years ago (MLSPIN #72960467)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 10, 2022 | Sold | ||
| Sold | |||
| Mar 31, 2022 | Listed by RE/MAX 360 | $345,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Interior Details
Level: Third
Level: Third
Level: Third
Level: Third
Level: Third
Features: No
Full Bathrooms: 1
Interior Features: Internet Available - Broadband
Appliances: Range, Dishwasher, Disposal, Refrigerator, Electric Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven
Flooring Type: Bamboo
Laundry Features: In Basement, Common Area, In Building
Rooms: 4
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 3
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Central Plaza
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Brick, Stone
Patio and Porch Features: Covered
Lead Paint: Unknown
Lot Size Area: 0.61
Lot Size Units: Acres
Lot Size Acres: 0.61
Zoning: RES
Parcel Number: 2136581
Water Source: Public
Financial Details
Tax Assessed Value: $257,300
Tax Annual Amount: $3,409
Utilities Details
Utilities: for Electric Range, for Electric Oven
Cooling Type: Central Air, Heat Pump
Heating Type: Forced Air, Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s), Storage
HOA Fee: $272
Community Features: Public Transportation, Shopping, Park, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
Pets Allowed: No
Management: Professional - Off Site
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017