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$82,500
● Condo - Off Market

4 Union #1

Salem, MA
bedrooms
1 Bed
bathrooms
1 Bath
square feet
612 Ft²
$255,402
RealtyHop Estimate
219.65%
Since Jul 1, 1999
National-US
Primary Model

About This Property

CHARMING CONDOMINIUM STEPS TO SALEM COMMON.  NEW OAK KITCHEN,2 WORKING FIREPLACES, GLEAMING HW FLOORS, EXPOSED BRICK, SLEEPING LOFT, SECURE BUILDING.  A BEAUTIFUL ANTIQUE TREASURE.
Unit Size
612 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$131
Property Type
Condo
Property Taxes
$85
HOA Dues
$137
Year Built
-

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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 years ago (MLSPIN #30309067)

Price History

Date / Event Date Event Price
Jun 11, 1999 Sold
Premium
Sold
Apr 10, 1999 Listed by Century 21 North East $79,900
Listed by Century 21 North East

Property Highlights

Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Hardwood
Features: Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood
Level: First
Level: First
Features: Flooring - Hardwood
Level: First
Features: No
Full Bathrooms: 1
Interior Features: Loft
Appliances: Range, Disposal, Refrigerator, Tank Water Heaterless, Utility Connections for Electric Range
Flooring Type: Wood, Tile
Rooms: 3
Has Fireplace
Fireplace Features: Dining Room, Living Room
Fireplaces: 2
Basement: Y
Parking Details
Parking Features: On Street
Exterior Details
Entry Level: 1
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Union Street Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Brick
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Area: 0.07
Lot Size Units: Acres
Lot Size Acres: 0.07
Zoning: B5
Parcel Number: 2136667
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $66,900
Tax Annual Amount: $1,018
Utilities Details
Utilities: for Electric Range
Cooling Type: None
Heating Type: Baseboard, Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Heat, Water, Sewer, Insurance, Security, Maintenance Structure, Snow Removal
HOA/Condo/Coop Amenities: Hot Water
HOA Fee: $137
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat
Complex is Completed
Management: Owner Association

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30309067
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