$416,000
●
Condo -
Off Market
2B Arnold Drive #15B
Salem, MA 01970
2 Beds
1 Bath,
1
Half Bath
1,586 Ft²
$397,600
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model
About This Property
PICKMAN PARK - professionally managed complex in a wooded setting
near Salem State University, North Shore Medical Center and vibrant
downtown Salem. This two level townhome is located in a well spaced
section of the complex adjacent to the Forest River Conservation
Area. The second floor functions like a ranch with Living Room with
cathedral ceiling, skylight fireplace and slider to deck, Eat-in
Kitchen, two bedrooms with double closets and a full bath. The
lower level has a room that could be an office/exercise room - also
a laundry room with half bath and garage - additional parking in
the driveway and nearby guest spots. Amenities include an outdoor
pool, clubhouse and tennis court. Showings begin by appt Wed 3/23,
OH Thurs 3/24 5-6:30 and OH Sat 3/26 11:30-1 1st offer review
Sun 3/27 3PM
Unit Size
1,586 Ft²
Days on Market
-
Land Size
-
Price per sqft
$246
Property Type
Condo
Property Taxes
$335
HOA Dues
$401
Year Built
1959
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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: 4 months ago (MLSPIN #72955275)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2022 | Sold | ||
| Sold | |||
| Mar 21, 2022 | Listed by RE/MAX 360 | $389,900 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Fireplace
Garage
Parking Available
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Storage, Deeded, Off Street, Paved
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Central Vacuum
Appliances: Range, Disposal, Refrigerator, Washer, Dryer
Flooring Type: Tile, Carpet
Door Features: Storm Door(s), Insulated Doors
Laundry Features: In Unit, Electric Dryer Hookup, Flooring - Stone/Ceramic Tile, First Floor
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Exterior Details
Has Property Attached
Square Footage: 1586
Year Built Source: Public Records
Year Built: 1980
Waterfront Features: Ocean, 1 to 2 Mile To Beach
Building Name: Pickman Park Condominium
Building Area Total: 1586
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Tax Lot: 859
Water Source: Public
Financial Details
Tax Map Number: 22
Tax Assessed Value: $303,200
Tax Annual Amount: $4,017
Utilities Details
Cooling Type: Heat Pump, Unit Control
Heating Type: Heat Pump, Electric, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Reserve Funds
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Recreation Facilities, Clubroom
HOA Fee: $401
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 |
|---|---|---|---|---|---|---|---|
|
03/21/2022
|
2 Bed
|
1 Bath
|
1586 ft²
|
$389,900
2 Bed
1 Bath
1586 ft²
|
$416,000
+6.69%
04/29/2022
|
Claire Dembowski
RE/MAX 360
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017