$325,000
●
Condo -
Off Market
27 Turner St #2
Salem, MA 01970
2 Beds
1 Bath
910 Ft²
$398,366
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model
About This Property
Prime Location! Charming 2- bedroom condo located In the heart of
historic downtown Salem.Walk to everything! Enjoy Pickering Wharf,
Salem Common, commuter rail, restaurants, and Ferry to Boston all
at your fingertips. Newly redone kitchen Feb 2018 with quartz
contertops, cozy island, and stainless steel appliances with a door
leading to a private back deck. Back interior stairs
lead to the basement where you have your private washer, dryer and
additional storage. Water heater 3 years old. Updated
bathroom, freshly painted, hardwood and laminate flooring
throughout. Pet friendly with a fenced in common area yard.
First showing at OH Sat & Sun 8/15-8/16 11:00 am-1:00 pm.- Offers
reviewed Tuesday 08/18.
Unit Size
910 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$340
Property Type
Condo
Property Taxes
$286
HOA Dues
$175
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 #72708145)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 2, 2020 | Sold | ||
| Sold | |||
| Aug 12, 2020 | Listed by Lillian Montalto Signature Properties | $309,000 | |
| Listed by Lillian Montalto Signature Properties | |||
| Apr 12, 2017 | Sold | ||
| Sold | |||
| Mar 3, 2017 | Listed by RE/MAX Partners | $215,000 | |
| Listed by RE/MAX Partners | |||
| | |||
|
Charming 2-bedroom condo located in the vibrant Derby St neighborhood of downtown historic Salem. Walk to everything! Freshly painted living space, brand new hot water tank, plus wood floors just refinished. This second floor unit boasts 2 very spacious bright bedrooms, one with large bay windows for a perfect sitting area. There are hardwood and laminate floors throughout. The main living area has a good-sized dining room that flows into a perfect cozy den/tv space. The kitchen has a walk-in pantry and door leading to its own cozy back deck, perfect to start your day with your morning coffee. Back interior stairs lead down to the basement area where you have additional storage and washer and dryer. Just steps to the MBTA/ferry to Boston. Enjoy the best of Salem from this location: all kinds of shops, wonderful restaurants and hotels! You are near Pickering Wharf, Salem Common, Commuter rail, Salem Willows and museums, too! A great opportunity! Make an appointment today!
| |||
| Dec 14, 2005 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 12
Length: 13
Features: Flooring - Laminate, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Stainless Steel Appliances
Area: 156
Area: 38.5
Features: Bathroom - With Tub & Shower, Flooring - Laminate
Length: 5.5
Level: Second
Width: 7
Level: Second
Features: Ceiling Fan(s), Flooring - Laminate
Width: 12
Length: 13
Area: 156
Features: Flooring - Wood
Length: 24
Level: Second
Area: 240
Features: Ceiling Fan(s), Flooring - Wood
Width: 10
Features: Ceiling Fan(s), Flooring - Wood
Level: Second
Length: 13
Width: 17
Area: 221
Features: No
Full Bathrooms: 1
Interior Features: Entry Hall
Appliances: Range, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
Flooring Type: Laminate, Hardwood
Laundry Features: Electric Dryer Hookup, Washer Hookup, In Basement, In Building
Rooms: 5
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Twenty Seven Turner Street Condominium
Structure Type: 2/3 Family
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck - Wood, Covered
Lead Paint: Unknown
Lot Size Area: 0.06
Lot Size Units: Acres
Lot Size Acres: 0.06
Zoning: B1
Parcel Number: M:41 L:0061 S:802, 4583409
Water Source: Public
Financial Details
Tax Assessed Value: $237,800
Tax Annual Amount: $3,436
Utilities Details
Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Cooling Type: Window Unit(s)
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure
Association Fee Frequency: Monthly
HOA Fee: $175
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Public School, T-Station, University
Pets Allowed: Yes
Management: Owner Association
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 |
|---|---|---|---|---|---|---|---|
|
08/12/2020
|
2 Bed
|
1 Bath
|
910 ft²
|
$309,000
2 Bed
1 Bath
910 ft²
|
$325,000
+5.18%
10/02/2020
|
Melissa Rocheville
Go Pro Realty, LLC
| |
|
08/08/2018
|
2 Bed
|
1 Bath
|
890 ft²
|
$265,000
2 Bed
1 Bath
890 ft²
|
$290,000
+9.43%
09/27/2018
|
Philip Dennesen
Keller Williams - Beverly
| |
|
03/03/2017
|
2 Bed
|
1 Bath
|
910 ft²
|
$215,000
2 Bed
1 Bath
910 ft²
|
$225,027
+4.66%
04/12/2017
|
Nicholas McPherson
RE/MAX Partners
| |
|
02/05/2010
|
2 Bed
|
1 Bath
|
890 ft²
|
$189,000
2 Bed
1 Bath
890 ft²
|
-
-
|
Philip Dennesen
Keller Williams - Beverly
| |
|
09/21/2009
|
2 Bed
|
1 Bath
|
808 ft²
|
$183,800
2 Bed
1 Bath
808 ft²
|
$173,000
-5.88%
12/21/2009
|
Margaret Belmonte
Keller Williams Realty Evolution
| |
|
09/30/2005
|
2 Bed
|
1 Bath
|
910 ft²
|
$219,900
2 Bed
1 Bath
910 ft²
|
$210,000
-4.50%
12/14/2005
|
Elizabeth Wood
Tache Real Estate, Inc.
| |
|
03/04/2005
|
2 Bed
|
1 Bath
|
890 ft²
|
$205,000
2 Bed
1 Bath
890 ft²
|
$200,000
-2.44%
07/11/2005
|
John Twomey
Harbor Rental & Realty
|
Building Info
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