$1,500,000
●
House -
Off Market
23 Chestnut St
Salem, MA 01970
8 Beds
4 Baths,
1
Half Bath
6,568 Ft²
$2,610,154
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model
About This Property
A bespoke lifestyle awaits you at the revitalized iconic 23
Chestnut.The Pickering-Northey Residence stands proudly on Chestnut
Street claimed to be The Most Beautiful Street in America.This
Federal residence epitomizes the grandeur of that period of
architecture and now intersects with contemporary aesthetic
sensibilities. The current owner has painstakingly restored this
masterpiece.This magnificent property features soaring ceilings,
hand carved marble fireplaces,ceiling rosettes, crown moldings,wide
pine floors, designer lighting, new 200 amp electric, 6 heating
zones, 3 high efficiency HVAC units, new plumbing, State of the Art
kitchen with top of the line Gaggenau and Meile appliances,
Bulthaup cabinetry, 3.5 spa baths with Duravit fixtures and
professionally landscaped grounds. The property includes
attached apartment and 1700 sq.ft Carriage House.This
magnificent home has been featured in many design magazines and
Remodelista online.Enjoy the cosmopolitan lifestyle of Salem.
Unit Size
6,568 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$257
Property Type
House
Property Taxes
$1,267
HOA Dues
-
Year Built
1814
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 months ago (MLSPIN #72239596)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 31, 2018 | Sold | ||
| Sold | |||
| Oct 6, 2017 | Listed by MerryFox Realty | $1,687,000 | |
| Listed by MerryFox Realty | |||
| | |||
|
A bespoke lifestyle awaits you at the revitalized iconic 23 Chestnut.The Pickering-Northey Residence stands proudly on Chestnut Street claimed to be The Most Beautiful Street in America.This Federal residence epitomizes the grandeur of that period of architecture and now intersects with contemporary aesthetic sensibilities. The current owner has painstakingly restored this masterpiece.This magnificent property features soaring ceilings, hand carved marble fireplaces,ceiling rosettes, crown moldings,wide pine floors, designer lighting, new 200 amp electric, 6 heating zones, 3 high efficiency HVAC units, new plumbing, State of the Art kitchen with top of the line Gaggenau and Meile appliances, Bulthaup cabinetry, 3.5 spa baths with Duravit fixtures and professionally landscaped grounds. The property includes attached apartment and 1700 sq.ft Carriage House.This magnificent home has been featured in many design magazines and Remodelista online.Enjoy the cosmopolitan lifestyle of Salem.
| |||
| Feb 28, 2014 | Sold | ||
| Sold | |||
| Nov 16, 2012 | Listed by Sagan Harborside Sotheby's International Realty | $899,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| | |||
|
The Pickering-Northey House house stands proudly on Chestnut St, acclaimed to be The Most Beautiful Street in America. This China Trade Sea Captain's residence epitomizes the grandeur of 19th century Salem with hand carved fireplaces, soaring ceilings with rosettes, crown moldings, Ionic columned portico.It retains magnificent architectural character through out. The property includes attached apartment and separate brick Carriage House. Stroll to train, ferry,restaurants, shopping and Museums.
| |||
Property Highlights
Parking Available
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017