44 Pingree Street #1
About This Property
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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%.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 17, 2020 | Sold | ||
| Sold | |||
| Jul 30, 2020 | Listed by eXp Realty | $200,000 | |
| Listed by eXp Realty | |||
| | |||
|
This condo is a short 5 minute walk from the cool vibe of trendy downtown Salem to the Pickering Wharf waterfront area. It features a newly remodeled modern kitchen including a new fridge (2016), new dishwasher (2019), new cabinets and counters (2016), and a commercial grade gas oven with hood. The space features an open kitchen and living floor plan with plenty of character from original crown modeling, built in shelving, and wood floors. Soundproof windows were installed throughout the condo in 2015.The outdoor space includes a screened in porch and a detached one car GARAGE. There is an additional one car PARKING in front of the garage for off street parking. This home is a great option for those looking to stop renting and start investing. And, for those who are looking to be walking distance to plenty of things to do including beaches.$180 condo fee includes master and flood insurance, snow removal, w/s & common area lighting. PLEASE SUBMIT OFFERS BY TOMORROW. RESPONSE BY 8/6
| |||
| Dec 28, 2016 | Sold | ||
| Sold | |||
| Apr 4, 2016 | Listed by Coldwell Banker Residential Brokerage - Salem | $100,000 | |
| Listed by Coldwell Banker Residential Brokerage - Salem | |||
| | |||
|
OWNER RECENTLY REFINISHED FLOORS! Why rent when you can own? Close to downtown Salem, shopping, restaurants and museums, this quiet one bedroom condo features many expensive upgrades including brand new dishwasher (April 2016), energy efficient hot water heater (2015), sound proof windows throughout (2015), low flush toilet (2015), garbage disposal (2015), garage door opener with key pad (2015) and freshly painted (January 2016). Layout features large eat in kitchen with built in shelving opening up to the living room, giving this unit an open feel and a lattice enclosed porch just off the kitchen. Unit is deeded one garage spot parking and one off street driveway spot immediately in front. Available for rent as well. Rented recently for $1050, no utilities included, making this a great investment for would-be landlord! Set up your viewing today.
| |||
| Jan 9, 2015 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/10/2026
|
1 Bed
|
1 Bath
|
609 ft²
|
$259,000
1 Bed
1 Bath
609 ft²
|
$259,000
10/16/2026
|
Kim Douglas
Coldwell Banker Realty - Charlestown
| |
|
03/08/2025
|
1 Bed
|
1 Bath
|
609 ft²
|
$259,000
1 Bed
1 Bath
609 ft²
|
$250,000
-3.47%
05/23/2025
|
Kim Douglas
Coldwell Banker Realty - Charlestown
| |
|
10/27/2022
|
1 Bed
|
1 Bath
|
609 ft²
|
$199,900
1 Bed
1 Bath
609 ft²
|
$205,000
+2.55%
12/12/2022
|
Van Son
Mass Broker Services
| |
|
07/06/2022
|
1 Bed
|
1 Bath
|
-
|
$240,000
1 Bed
1 Bath
|
-
-
|
Jonathan McCarron
William Raveis R.E. & Home Services
| |
|
05/20/2022
|
1 Bed
|
1 Bath
|
609 ft²
|
$250,000
1 Bed
1 Bath
609 ft²
|
$250,000
06/27/2022
|
Van Son
Mass Broker Services
| |
|
07/30/2020
|
1 Bed
|
1 Bath
|
615 ft²
|
$200,000
1 Bed
1 Bath
615 ft²
|
$205,000
+2.50%
09/15/2020
|
Siri Wilbur Kamien
Berkshire Hathaway HomeServices Verani Realty
| |
|
05/15/2018
|
1 Bed
|
1 Bath
|
609 ft²
|
$149,900
1 Bed
1 Bath
609 ft²
|
$140,000
-6.60%
06/18/2018
|
Mark Vadala
Vadala Real Estate
| |
|
12/12/2017
|
1 Bed
|
1 Bath
|
609 ft²
|
$115,000
1 Bed
1 Bath
609 ft²
|
$130,000
+13.04%
02/14/2018
|
Van Son
Mass Broker Services
| |
|
04/04/2016
|
1 Bed
|
1 Bath
|
614 ft²
|
$100,000
1 Bed
1 Bath
614 ft²
|
$96,000
-4.00%
12/28/2016
|
Siri Wilbur Kamien
Berkshire Hathaway HomeServices Verani Realty
| |
|
12/31/2014
|
1 Bed
|
1 Bath
|
615 ft²
|
$95,000
1 Bed
1 Bath
615 ft²
|
$98,500
+3.68%
01/09/2015
|
Michael Quilty
Return Realty Group, Inc.
| |
|
07/13/2010
|
1 Bed
|
1 Bath
|
614 ft²
|
$115,000
1 Bed
1 Bath
614 ft²
|
-
-
|
Mark Vadala
Vadala Real Estate
| |
|
10/14/2008
|
1 Bed
|
1 Bath
|
609 ft²
|
$89,900
1 Bed
1 Bath
609 ft²
|
$78,000
-13.24%
12/10/2008
|
Mark Vadala
Vadala Real Estate
| |
|
09/23/2008
|
1 Bed
|
1 Bath
|
614 ft²
|
$115,000
1 Bed
1 Bath
614 ft²
|
$108,000
-6.09%
03/02/2009
|
Mark Vadala
Vadala Real Estate
| |
|
03/07/2008
|
1 Bed
|
1 Bath
|
609 ft²
|
$139,900
1 Bed
1 Bath
609 ft²
|
$110,000
-21.37%
01/05/2009
|
Mark Vadala
Vadala Real Estate
| |
|
04/29/2006
|
1 Bed
|
1 Bath
|
609 ft²
|
$137,500
1 Bed
1 Bath
609 ft²
|
$130,000
-5.45%
01/12/2007
|
Mark Vadala
Vadala Real Estate
| |
|
05/13/2003
|
1 Bed
|
1 Bath
|
-
|
$119,900
1 Bed
1 Bath
|
$119,000
-0.75%
06/25/2003
|
Elaine Sawyer
Royal Shell Real Estate, Inc
| |
|
03/13/2003
|
1 Bed
|
1 Bath
|
609 ft²
|
$110,000
1 Bed
1 Bath
609 ft²
|
$106,000
-3.64%
06/13/2003
|
Pamela Mavroules
Good Deeds Realty Partners
| |
|
10/07/2002
|
1 Bed
|
1 Bath
|
609 ft²
|
$119,000
1 Bed
1 Bath
609 ft²
|
$110,000
-7.56%
12/23/2002
|
Tracy Shand
Conway - Lakeville
| |
|
05/21/2000
|
1 Bed
|
1 Bath
|
609 ft²
|
$59,000
1 Bed
1 Bath
609 ft²
|
$50,500
-14.41%
09/07/2000
|
Paul Herrick
Herrick Lutts Realty Partners
| |
|
05/15/2000
|
1 Bed
|
1 Bath
|
614 ft²
|
$54,900
1 Bed
1 Bath
614 ft²
|
$57,000
+3.83%
11/01/2000
|
Dale Rider
Family Home Real Estate, Inc.
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017