$249,900
●
Condo -
Off Market
4D Arnold Drive #16D
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,655 Ft²
$448,731
RealtyHop Estimate
76.04%
Since Jun 1, 2015
MA-Boston
Primary Model
About This Property
Country living in the Heart of Salem overlooking Forest River
Conservation Park. Spacious Bright and Sunny end unit 2 floor
townhouse with many upgrades. Bright Custom kitchen with stainless
steel appliances, Granite Counter top and deep stainless sink sink.
Large dining room off kitchen. Remodeled Bath with deep tub and
large wood vanity with granite top. Central Air and Central Vacuum.
New 2014: Heating Air Handler unit, 50 gal. Hot Water Heater and
Glass Slider to deck. Well managed Pickman Park condominium complex
near Salem State University, North Shore Medical Center, "T" to
downtown Boston, Salem historic district and numerous fine
restaurants. Short distance to North Shore Music Theater, North
Shore shopping Mall and Route 128. Easy ride to Logan Airport. This
condominium is in pristine move-in condition.
Unit Size
1,655 Ft²
Days on Market
-
Land Size
-
Price per sqft
$154
Property Type
Condo
Property Taxes
$284
HOA Dues
$358
Year Built
1959
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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 years ago (MLSPIN #71789149)
Price History
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: Second
Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Remodeled, Stainless Steel Appliances
Level: Second
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Remodeled
Level: First
Features: Flooring - Wall to Wall Carpet
Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile
Level: Second
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Dryer Hookup - Electric, Washer Hookup
Level: First
Features: Flooring - Wall to Wall Carpet
Level: First
Level: Second
Features: Skylight, Cathedral Ceiling(s), Flooring - Wall to Wall Carpet, Deck - Exterior, Slider
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Study, Foyer, Central Vacuum
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater
Flooring Type: Tile, Carpet, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile
Laundry Features: Flooring - Stone/Ceramic Tile, First Floor, In Unit
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street, Guest
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: Res.
Parcel Number: 220185856, 2130766
Water Source: Public
Financial Details
Tax Assessed Value: $207,800
Tax Annual Amount: $3,410
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump, Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Clubroom
HOA Fee: $358
Community Features: Public Transportation, Golf, Medical Facility, Conservation Area, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
07/22/2025
|
2 Bed
|
1 Bath
|
1586 ft²
|
$439,000
2 Bed
1 Bath
1586 ft²
|
$470,000
+7.06%
08/29/2025
|
Sabrina Carr Group
William Raveis R.E. & Home Services
| |
|
06/13/2019
|
2 Bed
|
2 Bath
|
1667 ft²
|
$249,000
2 Bed
2 Bath
1667 ft²
|
$266,100
+6.87%
07/16/2019
|
Dulith Wijewardene
Dulith Wijewardene
| |
|
06/02/2016
|
2 Bed
|
2 Bath
|
1586 ft²
|
$259,900
2 Bed
2 Bath
1586 ft²
|
$270,000
+3.89%
08/26/2016
|
Kathryn Tully
Century 21 North East
| |
|
02/02/2015
|
2 Bed
|
2 Bath
|
1655 ft²
|
$254,900
2 Bed
2 Bath
1655 ft²
|
$249,900
-1.96%
05/06/2015
|
Kathie Strout
Century 21 North East
| |
|
07/16/2014
|
2 Bed
|
2 Bath
|
1667 ft²
|
$234,900
2 Bed
2 Bath
1667 ft²
|
$235,000
+0.04%
10/31/2014
|
John Mccann
Kenneally Realty
| |
|
04/09/2012
|
2 Bed
|
2 Bath
|
1586 ft²
|
$239,900
2 Bed
2 Bath
1586 ft²
|
$230,000
-4.13%
08/15/2012
|
Elaine Sawyer
John E. Murphy
| |
|
05/09/2005
|
2 Bed
|
2 Bath
|
1655 ft²
|
$314,899
2 Bed
2 Bath
1655 ft²
|
$316,000
+0.35%
06/28/2005
|
Anne Casale-Skinner
Casale-Skinner Realty
| |
|
04/07/2004
|
2 Bed
|
2 Bath
|
1655 ft²
|
$286,900
2 Bed
2 Bath
1655 ft²
|
$275,000
-4.15%
06/01/2004
|
Catherine Bergeron
Century 21 N. Shore RE
|
Building Info
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