$242,000
●
Condo -
Off Market
5 Nimitz Way #A
Salem, MA 01970
2 Beds
2 Baths,
1
Half Bath
1,682 Ft²
$493,605
RealtyHop Estimate
89.92%
Since Jun 1, 2004
MA-Boston
Primary Model
About This Property
Agent must accompany buyer in order to receive compensation. End
unit townhouse on cul-de-sac at dersirable Pickman Park. Cathedral
ceilings, skylights, large kitchen, central air, attached garage,
pets okay. Condo fee includes pool and tennis
Unit Size
1,682 Ft²
Days on Market
-
Land Size
-
Price per sqft
$155
Property Type
Condo
Property Taxes
$209
HOA Dues
$190
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 #70002857)
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 | |||
| | |||
|
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.
| |||
| 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
Parking Available
Fireplace
Interior Details
Level: First
Width: 16
Length: 14
Area: 224
Level: Second
Area: 40
Width: 8
Features: Bathroom - Half
Length: 5
Area: 48
Features: Bathroom - Full
Length: 6
Level: First
Width: 8
Level: Third
Width: 20
Length: 18
Area: 360
Length: 18
Level: First
Area: 360
Width: 20
Level: Second
Length: 16
Width: 18
Area: 288
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Electric Water Heater
Flooring Type: Wood, Carpet
Rooms: 4
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: N
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Owner
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Nimity Condominium
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Lead Paint: None
Lot Size Units: Acres
Zoning: R-1
Parcel Number: 2130344
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $195,300
Tax Annual Amount: $2,513
Utilities Details
Cooling Type: Central Air
Heating Type: Central, Forced Air, Electric
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool, Tennis Court(s)
HOA Fee: $190
Community Features: Public Transportation, Pool, Tennis Court(s)
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 |
|---|---|---|---|---|---|---|---|
|
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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