1
Map
$320,000
●
Condo -
Off Market
4 Flying Cloud Lane #4
Salem, MA 01970
3 Beds
2 Baths,
1
Half Bath
2,642 Ft²
$602,867
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model
About This Property
Outstanding Townhouse in Country setting! Enjoy the open
floor plan including the cathedral ceiling in living room.
Exceptional features including hardwood floors,
granite/marble fireplace, central air, central vacuum, and 2+ car
garage! Lots of space in this great home! Seller to pay
3 month's Condo fees with full price offer!
Unit Size
2,642 Ft²
Days on Market
-
Land Size
-
Price per sqft
$123
Property Type
Condo
Property Taxes
$322
HOA Dues
$242
Year Built
1988
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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 months ago (MLSPIN #70438658)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2014 | Sold | ||
| Sold | |||
| Nov 3, 2013 | Listed by J. Barrett & Company | $279,900 | |
| Listed by J. Barrett & Company | |||
| | |||
|
Take a fresh look at this great unit with new carpet on lower level and freshly painted baths. This unit has a mix of wonderful hardwood floors, tile and carpeting, on three levels, and has an inviting fireplace in the living room. Residents of the sanctuary enjoy the woodsy feeling, fabulous location, and easy access to the highway, University and Medical center. This unit has sizable rooms, huge tandem garage and super layout! Whether it's a hike in the woods, a visit to the world class museums, a walk on the beach, fabulous restaurants or easy access to Boston and the airport, make The Sanctuary your home. This spectacular price owes to its clean and classic original condition which allows you to customize to your tastes and design flair!
| |||
| Oct 30, 2006 | Sold | ||
| Sold | |||
| Aug 10, 2006 | Listed | $325,000 | |
| Listed | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Door Opener, Workshop in Garage, Off Street, Under
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Central Vacuum, Office
Appliances: Range, Dishwasher, Disposal, Refrigerator, Dryer
Flooring Type: Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Door Features: Insulated Doors
Laundry Features: In Basement
Rooms: 8
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 2642
Security Features: Security System
Year Built Source: Public Records
Year Built: 1988
Building Name: Sanctuary
Building Area Total: 2642
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch
Lot Size Units: Acres
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $345,000
Tax Annual Amount: $3,867
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA Fee: $242
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 |
|---|---|---|---|---|---|---|---|
|
11/03/2013
|
3 Bed
|
3 Bath
|
2068 ft²
|
$279,900
3 Bed
3 Bath
2068 ft²
|
$272,500
-2.64%
04/30/2014
|
Ted Richard
J. Barrett & Company
| |
|
08/10/2006
|
3 Bed
|
2 Bath
|
2642 ft²
|
$325,000
3 Bed
2 Bath
2642 ft²
|
$320,000
-1.54%
10/30/2006
|
John Channell
MACK Realty Group
| |
|
07/20/2001
|
3 Bed
|
3 Bath
|
2642 ft²
|
$305,900
3 Bed
3 Bath
2642 ft²
|
$297,000
-2.91%
11/09/2001
|
Harold Rosenthal
Carlson GMAC Real Estate
|
Building Info
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