$248,000
●
Condo -
Off Market
42 Broad Street #7
Salem, MA 01970
2 Beds
2 Baths
1,000 Ft²
$425,661
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model
About This Property
JUST LISTED!!! What a location for this tree-top penthouse! Right
in the heart of the McIntire Historic District and walking distance
to the commuter rail, downtown Salem and all the Amenities!
Contemporary OPEN concept with skylights, hardwood floors, Two
bedrooms AND Two FULL baths! One bedroom boasts a cathedral ceiling
and two decks while the master features an en-suite bath and a wall
of closets! Tons of in-unit storage and Laundry closet plus a
separate storage room in the basement. Great owner run association,
pet friendly and Yes, 2 Car Parking!! This unit is empty and ready
to go - still time to own before year end!
Unit Size
1,000 Ft²
Days on Market
-
Land Size
-
Price per sqft
$259
Property Type
Condo
Property Taxes
$283
HOA Dues
$201
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 months ago (MLSPIN #72088671)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 19, 2016 | Sold | ||
| Sold | |||
| Nov 2, 2016 | Listed by Keller Williams Realty Evolution | $259,000 | |
| Listed by Keller Williams Realty Evolution | |||
| Jan 21, 2010 | Listed | $254,000 | |
| Listed | |||
| | |||
|
Historic McIntire District penthouse unit featuring hardwood floors, skylights, master bedroom with full bath, second bedroom with private deck, and two car parking. This wonderful sun filled condo offers an open floor plan, in unit washer and dryer, storage and a convenient location to downtown Salem.
| |||
| Jul 22, 2004 | Sold | ||
| Sold | |||
| May 17, 2004 | Listed by Home Clearinghouse | $264,900 | |
| Listed by Home Clearinghouse | |||
| | |||
|
Mc Intyre Historic District.Modern, sunny open concept penthouse unit with all hardwood floors, sky lights, views, 2 decks, storage, in unit laundry and two deeded parking spots.
| |||
Show More
Property Highlights
Garage
Parking Available
Interior Details
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Vinyl
Laundry Features: In Unit, Fourth Floor
Rooms: 4
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 1000
Year Built Source: Public Records
Year Built: 1900
Waterfront Features: 1/2 to 1 Mile To Beach
Building Area Total: 1000
Building Area Units: Square Feet
Construction Materials: Brick
Patio and Porch Features: Deck - Wood
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $216,500
Tax Annual Amount: $3,393
Utilities Details
Cooling Type: None
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal
HOA Fee: $201
HOA Fee Frequency: Monthly
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 |
|---|---|---|---|---|---|---|---|
|
04/10/2025
|
2 Bed
|
2 Bath
|
1020 ft²
|
$499,000
2 Bed
2 Bath
1020 ft²
|
$485,000
-2.81%
06/10/2025
|
David Wise
MerryFox Realty
| |
|
01/14/2025
|
2 Bed
|
2 Bath
|
1060 ft²
|
$499,900
2 Bed
2 Bath
1060 ft²
|
$493,000
-1.38%
03/25/2025
|
Debra Goldberg
William Raveis R.E. & Home Services
| |
|
04/20/2022
|
2 Bed
|
2 Bath
|
1020 ft²
|
$449,000
2 Bed
2 Bath
1020 ft²
|
$444,000
-1.11%
05/19/2022
|
David Wise
MerryFox Realty
| |
|
02/11/2020
|
2 Bed
|
1 Bath
|
960 ft²
|
$349,900
2 Bed
1 Bath
960 ft²
|
$371,000
+6.03%
03/30/2020
|
Shannon Barror
Keller Williams Realty
| |
|
03/12/2018
|
2 Bed
|
2 Bath
|
1020 ft²
|
$299,000
2 Bed
2 Bath
1020 ft²
|
$336,700
+12.61%
04/27/2018
|
Karen A. Herrick
Greenleaf Properties
| |
|
03/06/2017
|
2 Bed
|
1 Bath
|
960 ft²
|
$309,000
2 Bed
1 Bath
960 ft²
|
$313,000
+1.29%
04/18/2017
|
Elizabeth Goodwin
Goodwin Rollins Real Estate, LLC
| |
|
11/02/2016
|
2 Bed
|
2 Bath
|
1000 ft²
|
$259,000
2 Bed
2 Bath
1000 ft²
|
$248,000
-4.25%
12/19/2016
|
Pam McKee Team
Keller Williams Realty Evolution
| |
|
08/16/2016
|
2 Bed
|
2 Bath
|
1000 ft²
|
$249,000
2 Bed
2 Bath
1000 ft²
|
$250,000
+0.40%
09/28/2016
|
Ryan Guilmartin
Keller Williams Realty
| |
|
06/11/2015
|
2 Bed
|
1 Bath
|
850 ft²
|
$209,000
2 Bed
1 Bath
850 ft²
|
$205,000
-1.91%
07/31/2015
|
Darin Thompson
Stuart St James, Inc.
| |
|
03/07/2011
|
2 Bed
|
2 Bath
|
1000 ft²
|
$229,000
2 Bed
2 Bath
1000 ft²
|
-
-
|
Hal Rosenthal and Jody Watts Team
RE/MAX Advantage Real Estate
| |
|
03/28/2010
|
2 Bed
|
2 Bath
|
1060 ft²
|
$249,000
2 Bed
2 Bath
1060 ft²
|
$229,000
-8.03%
08/13/2010
|
Barbara Yozell
William Raveis R.E. & Home Services
| |
|
01/21/2010
|
2 Bed
|
2 Bath
|
1100 ft²
|
$254,000
2 Bed
2 Bath
1100 ft²
|
-
-
|
Jeffrey Keller
Keller Williams Realty Boston-Metro | Back Bay
| |
|
01/25/2006
|
2 Bed
|
2 Bath
|
1060 ft²
|
$299,900
2 Bed
2 Bath
1060 ft²
|
$295,000
-1.63%
03/14/2006
|
Susan Keenan
RE/MAX 360
| |
|
05/17/2004
|
2 Bed
|
2 Bath
|
1100 ft²
|
$264,900
2 Bed
2 Bath
1100 ft²
|
$258,500
-2.42%
07/22/2004
|
Diane Bingham
Home Clearinghouse
| |
|
11/10/2003
|
2 Bed
|
1 Bath
|
960 ft²
|
$269,000
2 Bed
1 Bath
960 ft²
|
$267,000
-0.74%
01/13/2004
|
Mary Ellen Galaris
RE/MAX Advantage Real Estate
| |
|
07/16/2003
|
2 Bed
|
2 Bath
|
1060 ft²
|
$248,000
2 Bed
2 Bath
1060 ft²
|
$248,000
10/10/2003
|
Robert Whitehouse
Coldwell Banker Residential Brokerage - Salem
| |
|
05/29/2003
|
2 Bed
|
2 Bath
|
1000 ft²
|
$245,000
2 Bed
2 Bath
1000 ft²
|
$238,000
-2.86%
07/22/2003
|
Joan Lovely
MerryFox Realty
| |
|
05/03/2001
|
2 Bed
|
2 Bath
|
1060 ft²
|
$189,900
2 Bed
2 Bath
1060 ft²
|
$182,000
-4.16%
07/02/2001
|
Sharon Ala
Century 21 North Shore
|
Building Info
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