1
Map
$280,000
●
Condo -
Off Market
5 Dewey Dr. #A
Salem, MA 01970
2 Beds
1 Bath,
1
Half Bath
1,665 Ft²
$547,205
RealtyHop Estimate
88.76%
Since Apr 1, 2007
MA-Boston
Primary Model
About This Property
**10,000 PRICE REDUCTION** End Unit @ PICKMAN PARK!
Spacious & Cozy Multi-Level Townhouse Style End Unit offers a
Fireplaced Family Room with HARDWOOD FLOORS, Bright & Sunny Eat-in
Kitchen w/Custom Tiled Center Island, Tons of Recessed
Lighting, 2 Large Bedrooms WITH CATHEDRAL CEILINGS, Central Air & 1
Car Garage. Association Pool & Tennis, Pet Friendly, too.
Unit Size
1,665 Ft²
Days on Market
-
Land Size
-
Price per sqft
$174
Property Type
Condo
Property Taxes
$240
HOA Dues
$229
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 months ago (MLSPIN #70483800)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 30, 2007 | Sold | ||
| Sold | |||
| Nov 1, 2006 | Listed by Nahant Associates, Inc. | $289,900 | |
| Listed by Nahant Associates, Inc. | |||
| | |||
|
**10,000 PRICE REDUCTION** End Unit @ PICKMAN PARK! Spacious & Cozy Multi-Level Townhouse Style End Unit offers a Fireplaced Family Room with HARDWOOD FLOORS, Bright & Sunny Eat-in Kitchen w/Custom Tiled Center Island, Tons of Recessed Lighting, 2 Large Bedrooms WITH CATHEDRAL CEILINGS, Central Air & 1 Car Garage. Association Pool & Tennis, Pet Friendly, too.
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Garage Door Opener, Off Street, Deeded, Under
Garage Spaces: 1
Interior Details
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Central Vacuum
Appliances: Range, Dishwasher, Refrigerator
Flooring Type: Wood, Tile, Carpet
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 1665
Security Features: Security System
Year Built Source: Public Records
Year Built: 1986
Building Name: Pickman Park
Building Area Total: 1665
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Pool Features: Association, In Ground
Lot Size Units: Acres
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $256,600
Tax Annual Amount: $2,876
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool
HOA Fee: $229
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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