$367,000
●
Condo -
Off Market
41 Washington Square #3
Salem, MA 01970
2 Beds
2 Baths
1,352 Ft²
$642,564
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model
About This Property
All of the historic charm you have been looking for but with a
modern look in this gorgeous penthouse, duplex in one of Salem
Common's most stately brick townhouses. Filled with 19th
century character, including 3 fireplaces, wood floors and period
moldings. Granite & stainless kitchen, marble baths and
separate dining room with custom built-in dining nook.
Washer/dryer in unit, tons of storage, common patio and yard
with perenial garden. Awesome location, close to train,
restaurants and waterfront. Open house Sunday, 4/19/15
12-1:30.
Unit Size
1,352 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$273
Property Type
Condo
Property Taxes
$428
HOA Dues
$257
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: 5 years ago (MLSPIN #71816868)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2017 | Sold | ||
| Sold | |||
| Feb 27, 2017 | Listed by Leading Edge Real Estate | $389,000 | |
| Listed by Leading Edge Real Estate | |||
| | |||
|
Incredible Offering! Located In A Brick Townhouse Style Building Is This Gorgeous Penthouse Duplex Condominium. Tons Of Charm With Modern Amenities. Renovated Kitchen Offers Granite Counters, Custom Cabinets & Stainless Steel Appliances. Beautiful Living Room With Built In Bookcases,Elegant Moldings, Large Fireplace And Direct Views Of The Park Across The Street! Two Large Bedrooms, Two Full Bathrooms w/ In Unit Washer / Dryer. Designated Formal Dining Room Is Ideal For Entertaining. This Home Is Located In One Of The Most Desirable Locations In Historic Salem. Only Minutes Walk To The Downtown Area With Tons Of Shops, Restaurants / Bars, The Waterfront & Public Transportation. This Home Is A Must See. Deeded Storage Closet & Tons Of Attic Space For Storage. Sellers Reserves The Right To Accept An Offer At Anytime.
| |||
| Jun 26, 2015 | Sold | ||
| Sold | |||
| Apr 9, 2015 | Listed by Linnane Real Estate | $369,000 | |
| Listed by Linnane Real Estate | |||
| Sep 23, 2013 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Level: Third
Level: Fourth Floor
Level: Third
Level: Fourth Floor
Level: Third
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood
Laundry Features: Third Floor, In Unit
Rooms: 5
Has Fireplace
Fireplaces: 3
Basement: Y
Exterior Details
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Construction Materials: Brick
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Area: 0.22
Lot Size Units: Acres
Lot Size Acres: 0.22
Zoning: R2
Parcel Number: M:35 L:0073 S:805, 4421218
Water Source: Public
Financial Details
Tax Assessed Value: $312,900
Tax Annual Amount: $5,135
Utilities Details
Cooling Type: Window Unit(s)
Heating Type: Oil
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds
Association Fee Frequency: Monthly
HOA Fee: $257
Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Highway Access, House of Worship, Marina, University
Complex is Completed
Management: Other (See Remarks)
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 |
|---|---|---|---|---|---|---|---|
|
02/27/2017
|
2 Bed
|
2 Bath
|
1352 ft²
|
$389,000
2 Bed
2 Bath
1352 ft²
|
$389,000
05/17/2017
|
Timothy Linnane
Linnane Real Estate
| |
|
04/09/2015
|
2 Bed
|
2 Bath
|
1352 ft²
|
$369,000
2 Bed
2 Bath
1352 ft²
|
$367,000
-0.54%
06/26/2015
|
Lesley Smith
Barrett Sotheby's International Realty
| |
|
03/20/2015
|
2 Bed
|
2 Bath
|
1446 ft²
|
$419,000
2 Bed
2 Bath
1446 ft²
|
$410,000
-2.15%
06/08/2015
|
Mark Wade
Coldwell Banker Realty - Lynnfield
| |
|
07/26/2013
|
2 Bed
|
2 Bath
|
1352 ft²
|
$349,900
2 Bed
2 Bath
1352 ft²
|
$342,000
-2.26%
09/23/2013
|
Lesley Smith
Barrett Sotheby's International Realty
|
Building Info
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