$342,000
●
Condo -
Off Market
5 Nimitz Way #A
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$451,751
RealtyHop Estimate
34.85%
Since Aug 1, 2020
MA-Boston
Primary Model
About This Property
Welcome home to Pickman Park! Bright and spacious end unit
townhome has a great open floor plan. Beautifully updated
kitchen with new white cabinets and counters, hardwood floors and
great space for dining and entertaining. Convenient half bath and
laundry area completes this level. The living room features a wood
burning fireplace and sliders to the elevated deck overlooking a
peaceful backyard. Two generous sized sunny bedrooms with
soaring vaulted ceilings and great closet space. Freshly painted
throughout, this crisp and clean condo is in turn key condition.
Professionally managed association offers tennis courts,
clubhouse and pool. Close to fine dining, transportation and the
best of historic downtown Salem.
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$199
Property Type
Condo
Property Taxes
$337
HOA Dues
$386
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 years ago (MLSPIN #72669674)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 27, 2020 | Sold | ||
| Sold | |||
| Jun 8, 2020 | Listed by Sagan Harborside Sotheby's International Realty | $335,000 | |
| Listed by Sagan Harborside Sotheby's International Realty | |||
| May 26, 2005 | Sold | ||
| Sold | |||
| Mar 14, 2005 | Listed by Keller Williams Realty Evolution | $309,900 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Beautifully updated corner unit @ desirable Pickman Park, on cul-de-sac. Updates in 2004 include gorgeous cherry hardwood floors in living room, kitchen & dining area, new carpet and paint throughout. New pressure treated deck, driveway and recessed lighting. Spacious kitchen has new stainless steel appliances. New full and half bath. This unit is in move in Condition!(like new)! Seller very flexible with close date. Bring your offers!
| |||
| May 3, 2004 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Garage
Fireplace
Interior Details
Level: Second
Width: 16
Length: 17
Features: Flooring - Hardwood, Dining Area, Countertops - Paper Based, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances
Area: 272
Level: Third
Area: 72
Width: 8
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Length: 9
Level: Third
Features: Vaulted Ceiling(s), Flooring - Wall to Wall Carpet
Width: 11
Length: 17
Area: 187
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
Level: Second
Length: 17
Level: Second
Area: 255
Features: Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Balcony / Deck, Deck - Exterior, Recessed Lighting, Slider
Width: 15
Features: Vaulted Ceiling(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Third
Length: 17
Width: 14
Area: 238
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Entrance Foyer
Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater
Flooring Type: Tile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
Laundry Features: Second Floor, In Unit
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Paved
Garage Spaces: 1
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Approximate
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 - Wood
Lead Paint: Unknown
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: res
Parcel Number: 2130345
Water Source: Public
Financial Details
Tax Assessed Value: $279,700
Tax Annual Amount: $4,044
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Air Conditioning
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Clubroom, Clubhouse
Association Fee Frequency: Monthly
HOA Fee: $386
Community Features: Public Transportation, Shopping, Walk/Jog Trails, Conservation Area, T-Station, University
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 |
|---|---|---|---|---|---|---|---|
|
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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