22 Cherry Hill Ave
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 3, 2024 | Sold | ||
| Sold | |||
| Aug 30, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by Right Way Realty LLC | $750,000 | |
| Listed by Right Way Realty LLC | |||
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In desirable Witchcraft Heights, this beautiful, well-maintained, spacious expanded split level entry home is situated on a one-acre lot, with blooming garden beds and an above ground pool. It boasts 9 rooms, 4 bedrooms, 2 bathrooms, a one car garage and 7 parking spaces. The main level offers open floor plan, a large living room, dining room, updated kitchen with granite counters and stainless-steel appliances, The lower level consists of an additional living family area, bathroom, laundry, and a 4th bedroom. Lower level has great potential for an in-law suite. A favorite spot in the home has been the 3-season sunroom leading out to a covered patio/grilling area and the yard, perfect for entertaining. The home is situated in a central location with easy access to local shopping areas, downtown Salem, and schools. Additional conveniences include central air, forced hot water, and central vacuum system. This is not one to miss.
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| Nov 18, 2023 | Withdrawn | - | |
| Withdrawn | |||
| Nov 7, 2023 | Listed by Realty One Group Nest | $699,900 | |
| Listed by Realty One Group Nest | |||
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22 CHERRY HILL AVENUE 1ST SHOWING AT OPEN HOUSE 11/12/23 12-2 PM. Welcome to Witchcraft Heights! This wonderful well maintained split level home with 8 rooms, 3 bedrooms, 2 baths is on 1 of the largest lots, 1 acre, in the Heights. There is parking for 6+ cars & a 1 car garage. The main level features an updated/upgraded kitchen, dining & living rooms, 3 bedrooms, full bath, a den overlooking the large backyard with a GIBRALTAR pool and garden area. The lower level has the family room/man cave, bonus room (4th bedroom?), 3/4 bath and access to the garage w/work area. The home has forced hot water heat by oil, central air & vacuum systems, a new wall air conditioner in family room. There is also an enclosed patio, a covered patio and composite & vinyl deck. Access to most anything you need is nearby. Shopping, hospital, schools, historic Downtown Salem, MBTA commuter rail, Dunkin Donuts and more are a short drive away. OFFERS DUE MONDAY 11/13/2023 BY 9:00 PM
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017