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$245,000
● Condo - Off Market

43 School #A

Salem, MA
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$553,652
RealtyHop Estimate
123.25%
Since Apr 1, 2011
National-US
Primary Model

About This Property

New Construction, Three bedroom, two bath half-duplex with central air, granite in kitchen and baths, hardwood floors throughout, nice patio off dining area, large spacious closets, full attic storage, full basement, and more.  Beautiful units.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
-
Price per sqft
$165
Property Type
Condo
Property Taxes
-
HOA Dues
-
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 #71161511)

Price History

Date / Event Date Event Price
Mar 17, 2011 Sold
Premium
Sold
Nov 11, 2010 Listed by Coldwell Banker Realty - Lynnfield $248,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Air Conditioning
Parking Available
Interior Details
Level: First
Width: 11
Length: 12
Features: Flooring - Hardwood, Dining Area, Balcony / Deck, Countertops - Stone/Granite/Solid, Kitchen Island, Flooring - Wood
Area: 132
Level: Second
Area: 56
Width: 7
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 8
Area: 45
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 9
Level: First
Width: 5
Level: Second
Features: Flooring - Hardwood
Width: 10
Length: 14
Area: 140
Features: Flooring - Hardwood
Width: 12
Length: 13
Area: 156
Level: Second
Length: 20
Level: First
Area: 240
Features: Flooring - Hardwood
Width: 12
Features: Flooring - Wood
Level: Second
Length: 14
Width: 12
Area: 168
Level: First
Features: No
Full Bathrooms: 2
Appliances: Range, Dishwasher, Disposal, Microwave, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile
Laundry Features: In Basement, Washer Hookup
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Builder
Year Built Details: Actual
PropertySubType: Condominium
Structure Type: Half-Duplex
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Patio
Lead Paint: None
Lot Size Units: Acres
Zoning: R
Parcel Number: 4078880
Water Source: Public, City/Town Water, City/Town Sewer
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: N/A
Community Features: Public Transportation, Shopping, Park, Public School
Pets Allowed: Yes w/ Restrictions
Management: No Management

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

Similar Homes for Sale

Currently no similar homes around
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71161511
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