$196,000
●
Condo -
Off Market
4 Lightning Lane #4
Salem, MA 01970
2 Beds
3 Baths,
1
Half Bath
2,430 Ft²
$645,597
RealtyHop Estimate
222.96%
Since Oct 1, 1999
MA-Boston
Primary Model
About This Property
THE HAMLET LONG "L" PRIVATE SETTING ALL APPLIANCES TO BE LEFT AS
GIFTS NEW GARAGE DOOR TO BE INSTALLED-NEW COUNTER AND SINK IN
KITCHEN.ALL CEILING FANS AND WINDOW BLINDS TO STAY
Unit Size
2,430 Ft²
Days on Market
-
Land Size
-
Price per sqft
$82
Property Type
Condo
Property Taxes
$210
HOA Dues
$160
Year Built
1986
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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 #30341860)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2006 | Sold | ||
| Sold | |||
| Apr 26, 2006 | Listed by Keller Williams Realty Evolution | $349,900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Privately situated "Long L" in the Hamlet. Fireplaced living room and dining room lead to a farmer's porch. All appliances in the eat-in kitchen are less than 3 years old and will stay. 2 car garage with electric opener. Master bedroom has en suite master bath, walk in closet and a deck. Well cared-for home in a convenient location.
| |||
| Sep 29, 1999 | Sold | ||
| Sold | |||
| Jul 29, 1999 | Listed | $199,900 | |
| Listed | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Width: 14
Length: 12
Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Balcony / Deck
Area: 168
Level: Second
Level: Second
Features: Bathroom - Full, Flooring - Wall to Wall Carpet
Width: 13
Length: 14
Area: 182
Length: 30
Level: First
Area: 450
Features: Flooring - Wall to Wall Carpet
Width: 15
Features: Bathroom - Full, Flooring - Wall to Wall Carpet, Hot Tub / Spa
Level: Second
Length: 16
Width: 13
Area: 208
Level: First
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Tile, Carpet, Concrete
Laundry Features: In Basement
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Under, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 2
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: The Hamlet
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Block
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: RES
Parcel Number: 2127950
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $166,300
Tax Annual Amount: $2,523
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool
HOA Fee: $160
Community Features: Public Transportation, Shopping, Medical Facility
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 |
|---|---|---|---|---|---|---|---|
|
04/26/2006
|
2 Bed
|
3 Bath
|
2430 ft²
|
$349,900
2 Bed
3 Bath
2430 ft²
|
$339,450
-2.99%
08/15/2006
|
Susan Berton
Keller Williams Realty Evolution
| |
|
11/08/2002
|
2 Bed
|
3 Bath
|
2430 ft²
|
$294,500
2 Bed
3 Bath
2430 ft²
|
$294,500
11/08/2002
|
Alison Lules Cuccio
Don Baker Real Estate
| |
|
07/29/1999
|
2 Bed
|
3 Bath
|
2430 ft²
|
$199,900
2 Bed
3 Bath
2430 ft²
|
$196,000
-1.95%
09/29/1999
|
M. P. Civiello
Re/max Millenium North, Inc.
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017