$280,000
●
Condo -
Off Market
4 Hazel Street #3
Salem, MA 01970
2 Beds
1 Bath
1,016 Ft²
$383,369
RealtyHop Estimate
48.02%
Since Oct 1, 2018
MA-Boston
Primary Model
About This Property
It's all about the details in this charming top floor condo
situated just a mile from the thriving center of historic Salem.
Perfectly laid out with two spacious bedrooms, sun drenched living
room, open kitchen and separate formal dining room, the space in
this unit is perfectly utilized. A rustic kitchen with
stainless steel appliances including a new dishwasher and double
oven leads out to an inviting private deck perfect for relaxing and
watching the sunset. Thoughtful touches add value and comfort like
custom open shelving in the kitchen and bathroom, all new windows,
stylish lighting fixtures, and a nest heat control system.
Hardwood floors throughout and additional storage in the
basement complete this adorable home.
Unit Size
1,016 Ft²
Days on Market
-
Land Size
-
Price per sqft
$255
Property Type
Condo
Property Taxes
$244
HOA Dues
$150
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: 4 years ago (MLSPIN #72370644)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 20, 2018 | Sold | ||
| Sold | |||
| Jul 30, 2018 | Listed by Metropolitan Boston Real Estate, LLC | $259,000 | |
| Listed by Metropolitan Boston Real Estate, LLC | |||
| Apr 5, 2016 | Sold | ||
| Sold | |||
| Feb 15, 2016 | Listed by Gibson Sotheby's International Realty | $189,900 | |
| Listed by Gibson Sotheby's International Realty | |||
| | |||
|
Come home to your beautiful South Salem two-bedroom penthouse condo in a well run association. This light filled unit features gleaming hardwood floors throughout and a flexible floor plan. Enjoy an abundance of space and an open feeling accentuated by the high ceilings. The eat-in-kitchen includes stainless steel appliances, updated counters & cabinets, as well as a pantry with built-in wine storage. The office can easily be used as a formal dining area. Relax and enjoy the summer breezes on exclusive deck. The low condo fee makes owning this property a great alternative to renting. Located conveniently near Salem Sate University, Forest River Park, train to Boston & restaurants & shops of Downtown Salem. Pet Friendly!
| |||
| May 20, 2010 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Flooring Type: Hardwood
Laundry Features: In Building
Rooms: 6
Basement: Y
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: R2
Parcel Number: 4492940
Water Source: Public
Financial Details
Tax Assessed Value: $190,700
Tax Annual Amount: $2,932
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Baseboard
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure
HOA Fee: $150
Community Features: Public Transportation, Shopping, 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 |
|---|---|---|---|---|---|---|---|
|
11/13/2019
|
3 Bed
|
1 Bath
|
916 ft²
|
$299,900
3 Bed
1 Bath
916 ft²
|
$292,500
-2.47%
01/10/2020
|
Adrienne O'Keefe
City Square Realty
| |
|
07/30/2018
|
2 Bed
|
1 Bath
|
1016 ft²
|
$259,000
2 Bed
1 Bath
1016 ft²
|
$280,000
+8.11%
09/20/2018
|
Jonathan Leonard
Weichert, REALTORS® - Metropolitan Boston Real Estate
| |
|
02/15/2016
|
2 Bed
|
1 Bath
|
1016 ft²
|
$189,900
2 Bed
1 Bath
1016 ft²
|
$180,000
-5.21%
04/05/2016
|
Madelyn Kanter
Gibson Sotheby's International Realty
| |
|
04/24/2013
|
2 Bed
|
1 Bath
|
979 ft²
|
$209,900
2 Bed
1 Bath
979 ft²
|
$205,000
-2.33%
06/27/2013
|
The Mavroules Team
RE/MAX Prestige
| |
|
02/18/2010
|
2 Bed
|
1 Bath
|
916 ft²
|
$200,000
2 Bed
1 Bath
916 ft²
|
-
-
|
Jeffrey Keller
Keller Williams Realty Boston-Metro | Back Bay
| |
|
02/13/2010
|
2 Bed
|
1 Bath
|
1016 ft²
|
$169,900
2 Bed
1 Bath
1016 ft²
|
$169,900
05/20/2010
|
Pamela McKee
Keller Williams Realty Evolution
| |
|
05/26/2009
|
2 Bed
|
1 Bath
|
979 ft²
|
$195,000
2 Bed
1 Bath
979 ft²
|
$190,000
-2.56%
09/29/2009
|
Jeffrey Keller
| |
|
09/30/2004
|
2 Bed
|
1 Bath
|
1016 ft²
|
$199,900
2 Bed
1 Bath
1016 ft²
|
$195,000
-2.45%
01/28/2005
|
Paul Herrick
Herrick Lutts Realty Partners
| |
|
09/30/2004
|
2 Bed
|
1 Bath
|
1000 ft²
|
$209,900
2 Bed
1 Bath
1000 ft²
|
$206,000
-1.86%
11/30/2004
|
Paul Herrick
Herrick Lutts Realty Partners
| |
|
06/23/2004
|
3 Bed
|
1 Bath
|
1000 ft²
|
$224,900
3 Bed
1 Bath
1000 ft²
|
$219,900
-2.22%
11/24/2004
|
Paul Herrick
Herrick Lutts Realty Partners
| |
|
10/17/2003
| |
9 Bed
|
-
|
2800 ft²
|
$469,900
9 Bed
-
2800 ft²
|
$450,000
-4.23%
12/05/2003
|
Robert Meehan
Keller Williams Realty Evolution
|
Building Info
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