$145,500
●
Condo -
Off Market
21 Salem Pl #21
Amherst, MA 01002
2 Beds
1 Bath,
1
Half Bath
832 Ft²
$219,389
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model
About This Property
Here's your opportunity to own an income producing property in an
ideal location. Situated off Main St, this unit is within walking
distance to elementary, middle, and high schools and also a
pleasant walk to the restaurants and shops in the center of town,
Amherst College, as well as conservation land trails. UMass is just
minutes away by car or bus. Laundry is available in the building
and this unit has its own additional storage area in the lower
level. Unit is rented through May 2019 at $1,200 a month.
Unit Size
832 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$174
Property Type
Condo
Property Taxes
$256
HOA Dues
$254
Year Built
1988
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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 months ago (MLSPIN #72338022)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2018 | Sold | ||
| Sold | |||
| Jun 1, 2018 | Listed by Jones Group REALTORS® | $145,000 | |
| Listed by Jones Group REALTORS® | |||
| | |||
|
Here's your opportunity to own an income producing property in an ideal location. Situated off Main St, this unit is within walking distance to elementary, middle, and high schools and also a pleasant walk to the restaurants and shops in the center of town, Amherst College, as well as conservation land trails. UMass is just minutes away by car or bus. Laundry is available in the building and this unit has its own additional storage area in the lower level. Unit is rented through May 2019 at $1,200 a month.
| |||
Property Highlights
Parking Available
Parking Details
Has Open Parking
Parking Features: Off Street, Common, Paved
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator
Flooring Type: Vinyl, Carpet
Laundry Features: In Basement, Common Area, In Building
Rooms: 4
Basement: N
Exterior Details
Has Property Attached
Square Footage: 832
Security Features: Intercom
Year Built Source: Public Records
Year Built: 1988
Building Name: Salem Place
Building Area Total: 832
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Lot Size Square Feet: 3217
Water Source: Public
Financial Details
Tax Assessed Value: $145,200
Tax Annual Amount: $3,070
Utilities Details
Cooling Type: None
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Road Maintenance
HOA/Condo/Coop Amenities: Storage
HOA Fee: $254
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
06/01/2018
|
2 Bed
|
2 Bath
|
832 ft²
|
$145,000
2 Bed
2 Bath
832 ft²
|
$145,500
+0.34%
07/16/2018
|
Matthew Crowner
Jones Group REALTORS®
| |
|
08/15/2003
|
2 Bed
|
2 Bath
|
832 ft²
|
$135,900
2 Bed
2 Bath
832 ft²
|
$134,000
-1.40%
05/03/2004
|
Betsy Egan
Jones Group REALTORS®
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017