$220,000
●
Condo -
Off Market
5 Dewey Dr #D
Salem, MA 01970
3 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$479,340
RealtyHop Estimate
105.73%
Since Sep 1, 2009
MA-Boston
Primary Model
About This Property
Not available often! END UNIT Townhouse at PICKMAN PARK.
Bright,cheery 6 room, 2-3 bedroom condo with very versatile
floor plan, is well maintained & immaculate! Custom marble
fireplace in living room. Well managed complex with high
owner occupancy ratio. Pets OK with restrictions. Manageable condo
fee. Serene setting, but minutes to Vinnin Square & downtown
Salem. The 3rd bedroom was converted to a Dining Room--adjoining
the kitchen--can easily be converted back. Great
storage--huge attic
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$139
Property Type
Condo
Property Taxes
$269
HOA Dues
$249
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 #70910889)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 17, 2009 | Sold | ||
| Sold | |||
| Apr 17, 2009 | Listed by Coldwell Banker Residential Brokerage - Salem | $233,000 | |
| Listed by Coldwell Banker Residential Brokerage - Salem | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Features: Flooring - Hardwood, Dining Area
Level: First
Features: Bathroom - Half
Level: First
Features: Bathroom - Full
Level: Second
Level: Second
Features: Cathedral Ceiling(s), Balcony / Deck
Level: First
Level: Second
Level: Second
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Electric Water Heater, Tank Water Heater
Flooring Type: Wood, Tile, Carpet
Laundry Features: First Floor
Rooms: 6
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 2
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: condo
Parcel Number: M:22 L:0185 S:824, 2130734
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $250,000
Tax Annual Amount: $3,230
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Electric
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Clubroom
HOA Fee: $249
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility
Pets Allowed: Yes
Complex is Completed
Management: Professional - Off Site
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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