$162,000
●
Condo -
Off Market
5B Nimitz Way #21B21
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,640 Ft²
$527,927
RealtyHop Estimate
220.15%
Since Jan 1, 2000
MA-Boston
Primary Model
About This Property
BEAUTIFUL TRI LEVEL AT PICKAMN PARK. FIREPLACED LIVING ROOM, DINING
AREA, TWO BEDROOMS, ONE AND ONE HALF BATHS. NEWLY PAINTED AND
CARPETED. NEW KIT FL, NEW CENTRAL AC, NEW DECK AND ELECTRIC EYE
GARAGE.
Unit Size
1,640 Ft²
Days on Market
-
Land Size
-
Price per sqft
$101
Property Type
Condo
Property Taxes
$152
HOA Dues
$181
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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 #30367196)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 14, 1999 | Sold | ||
| Sold | |||
| Nov 5, 1999 | Listed by Coldwell Banker Residential Brokerage - Salem | $164,900 | |
| Listed by Coldwell Banker Residential Brokerage - Salem | |||
Property Highlights
Air Conditioning
Garage
Parking Available
Interior Details
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Tank Water Heater
Flooring Type: Tile, Vinyl, Carpet
Rooms: 4
Has Fireplace
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Pickman Park
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: RES
Parcel Number: 2130344
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $120,400
Tax Annual Amount: $1,826
Utilities Details
Cooling Type: Central Air
Heating Type: Electric
Sewer : Public Sewer
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), Recreation Facilities
HOA Fee: $181
Community Features: Pool, Tennis Court(s), Golf, Medical Facility, Laundromat
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 |
|---|---|---|---|---|---|---|---|
|
09/14/2021
|
2 Bed
|
2 Bath
|
1600 ft²
|
$375,000
2 Bed
2 Bath
1600 ft²
|
$400,000
+6.67%
10/29/2021
|
The Property Twins
William Raveis R.E. & Home Services
| |
|
06/08/2020
|
2 Bed
|
2 Bath
|
1682 ft²
|
$335,000
2 Bed
2 Bath
1682 ft²
|
$342,000
+2.09%
07/27/2020
|
Shari McGuirk
Sagan Harborside Sotheby's International Realty
| |
|
09/22/2019
|
2 Bed
|
2 Bath
|
1600 ft²
|
$289,900
2 Bed
2 Bath
1600 ft²
|
$289,000
-0.31%
12/18/2019
|
Janet Howcroft
Five Star Realty Group
| |
|
05/09/2018
|
2 Bed
|
1 Bath
|
1682 ft²
|
$289,000
2 Bed
1 Bath
1682 ft²
|
$296,000
+2.42%
07/27/2018
|
David Pollack
Redfin Corp.
| |
|
06/26/2011
|
2 Bed
|
1 Bath
|
1682 ft²
|
$219,900
2 Bed
1 Bath
1682 ft²
|
$215,000
-2.23%
02/21/2012
|
Susan Sinrich
Conway - Swampscott
| |
|
11/05/2007
|
2 Bed
|
2 Bath
|
1600 ft²
|
$228,800
2 Bed
2 Bath
1600 ft²
|
$227,000
-0.79%
06/04/2009
|
Kathie Strout
Century 21 North East
| |
|
01/18/2006
|
2 Bed
|
2 Bath
|
1600 ft²
|
$285,000
2 Bed
2 Bath
1600 ft²
|
$278,000
-2.46%
04/07/2006
|
Kathleen Sullivan
Sullivan Realty Group
| |
|
03/14/2005
|
2 Bed
|
2 Bath
|
1682 ft²
|
$309,900
2 Bed
2 Bath
1682 ft²
|
$306,000
-1.26%
05/26/2005
|
Carl Lorenzetti
ZipRealty, Inc
| |
|
03/05/2004
|
2 Bed
|
2 Bath
|
1682 ft²
|
$259,900
2 Bed
2 Bath
1682 ft²
|
$242,000
-6.89%
05/03/2004
|
Colleen Toner
Toner Real Estate, LLC
| |
|
11/05/1999
|
2 Bed
|
2 Bath
|
1640 ft²
|
$164,900
2 Bed
2 Bath
1640 ft²
|
$162,000
-1.76%
12/14/1999
|
Anne Brown
Coldwell Banker Residential Brokerage - Salem
|
Building Info
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