$302,000
●
Condo -
Off Market
5 Dewey Drive #6D
Salem, MA 01970
3 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$431,787
RealtyHop Estimate
49.41%
Since May 1, 2018
MA-Boston
Primary Model
About This Property
Great end unit condo on Cul-de-Sac in Pickman Park Condominium
complex. Sought after ranch style with 3-4 bedroom. This unit has
bamboo floors, and a custom mantle, hearth and granite surround.
Cathedral ceiling in living room with skylight. Updated, sun-filled
kitchen with island, granite counters and new backsplash.
Additional room can be used as a 4th bedroom, t.v. room or home
office. Ample closet space throughout the unit. Central A/C and
central Vac. Inviting deck overlooking private, wooded area.
Complex offers a community club house, in-ground pool, tennis
courts and walking trails Potential to make half bath on lower
level a full bath. Large dining room off the kitchen, perfect for
entertaining. Short stroll to complex pool. Pet friendly complex
(some breed restrictions).
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$172
Property Type
Condo
Property Taxes
$311
HOA Dues
$373
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 years ago (MLSPIN #72288510)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 23, 2018 | Sold | ||
| Sold | |||
| Mar 2, 2018 | Listed by eXp Realty | $289,000 | |
| Listed by eXp Realty | |||
Property Highlights
Air Conditioning
Fireplace
Parking Available
Interior Details
Level: First
Level: Basement
Features: Bathroom - Half, Fireplace, Skylight, Cathedral Ceiling(s)
Level: Basement
Features: Bathroom - Full
Level: First
Level: First
Level: First
Level: Basement
Level: Basement
Level: First
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Home Office
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry Features: In Unit
Rooms: 7
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: None
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: resident
Parcel Number: 2130735
Water Source: Public
Financial Details
Tax Assessed Value: $242,700
Tax Annual Amount: $3,732
Utilities Details
Cooling Type: Central Air
Heating Type: Heat Pump
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Road Maintenance, Maintenance Grounds, Trash
HOA/Condo/Coop Amenities: Pool
Association Fee Frequency: Monthly
HOA Fee: $373
Community Features: Public Transportation, Pool, Park, Golf, Medical Facility, House of Worship, Marina, Private School, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
Complex is Completed
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 |
|---|---|---|---|---|---|---|---|
|
03/02/2018
|
3 Bed
|
2 Bath
|
1682 ft²
|
$289,000
3 Bed
2 Bath
1682 ft²
|
$302,000
+4.50%
04/23/2018
|
Nancy Trumm Hughes
eXp Realty
| |
|
09/15/2017
|
2 Bed
|
2 Bath
|
1682 ft²
|
$279,000
2 Bed
2 Bath
1682 ft²
|
$272,000
-2.51%
10/27/2017
|
George Meimeteas
Boston Signature Homes
| |
|
01/26/2012
|
2 Bed
|
2 Bath
|
1682 ft²
|
$199,900
2 Bed
2 Bath
1682 ft²
|
$200,000
+0.05%
04/17/2012
|
Robert Stallard
RE/MAX Advantage Real Estate
| |
|
04/17/2009
|
3 Bed
|
2 Bath
|
1682 ft²
|
$233,000
3 Bed
2 Bath
1682 ft²
|
$220,000
-5.58%
08/17/2009
|
Linda Hayes
William Raveis R.E. & Home Services
| |
|
11/01/2006
|
2 Bed
|
2 Bath
|
1665 ft²
|
$289,900
2 Bed
2 Bath
1665 ft²
|
$280,000
-3.41%
03/30/2007
|
Kelly Bradbury
Homesmart Success Realty
|
Building Info
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Address: 335 Madison Avenue, New York, NY 10017