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$307,000
● Condo - Off Market

29 Ocean #3

Salem, MA
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,348 Ft²
$527,080
RealtyHop Estimate
70.58%
Since Apr 1, 2007
National-US
Primary Model

About This Property

Newly renovated unit less than a block from Salem Harbor.  Developer has taken true care in making sure everything was done right:  deeded garage space,  hardwood floors, hook ups for side by side laundry in unit, granite countertops, stainless steel appliances, ice maker in refrigerator, gas stove.  Do you need large closets?  This unit has them as well as tons of extra storage.  This is a great condo that is priced to sell!
Unit Size
1,348 Ft²
Days on Market
-
Land Size
-
Price per sqft
$229
Property Type
Condo
Property Taxes
-
HOA Dues
$180
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #70531657)

Price History

Date / Event Date Event Price
Mar 19, 2007 Sold
Premium
Sold
Feb 26, 2007 Listed by Keller Williams Realty Evolution $309,000
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Interior Details
Level: Second
Level: Second
Level: Second
Features: Walk-In Closet(s)
Level: Second
Level: Second
Level: Second
Level: Second
Full Bathrooms: 1
Interior Features: Sun Room
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile
Laundry Features: Second Floor, Washer Hookup
Rooms: 5
Basement: Y
Parking Details
Has Garage
Parking Features: Detached, Off Street, Deeded
Garage Spaces: 1
Exterior Details
Entry Level: 4
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: 2135346
Water Source: Public, City/Town Water
Utilities Details
Utilities: for Electric Dryer, Washer Hookup
Cooling Type: None
Heating Type: Steam, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Electricity, Water, Sewer, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA Fee: $180
Pets Allowed: Yes
Management: Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 70531657
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