$310,000
●
Condo -
Off Market
51 Hancock #2
Salem, MA
2 Beds
1 Bath
912 Ft²
$300,098
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model
About This Property
The Seller invites you to tour this 2 bed, 1 bath condo in close
proximity to Salem State University, the Salem Bike/Walking trail,
downtown Salem and the proposed south Salem train station.
This condo offers a newly renovated kitchen, large rooms, two
exterior covered porches that allow you multiple options for
outside living, assigned off-street parking, a low condo fee and a
pet friendly association making this a must see property. Most
recent Association financials and condo documents are attached to
this listing. Showings start immediately, with Open House Saturday
and Sunday, January 8th & 9th from 11:30-1:00. Offers, if any, are
due no later than Tuesday, January 11, 2022 by noon.
Unit Size
912 Ft²
Days on Market
-
Land Size
-
Price per sqft
$313
Property Type
Condo
Property Taxes
$280
HOA Dues
$200
Year Built
-
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Cap Rate Calculator
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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 #72931548)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2022 | Sold | ||
| Sold | |||
| Jan 5, 2022 | Listed by RE/MAX 360 | $285,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Second
Width: 11
Length: 21
Features: Ceiling Fan(s), Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Balcony - Exterior, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Exterior Access, Remodeled, Gas Stove, Lighting - Pendant
Area: 231
Area: 35
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Lighting - Sconce, Lighting - Overhead
Length: 7
Level: Second
Width: 5
Level: Second
Features: Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Lighting - Overhead
Width: 10
Length: 11
Area: 110
Width: 11
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Lighting - Overhead
Length: 13
Level: Second
Area: 143
Length: 13
Level: Second
Area: 169
Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Balcony - Exterior, French Doors, Lighting - Overhead
Width: 13
Features: Closet, Flooring - Wood, Window(s) - Bay/Bow/Box, Lighting - Overhead
Level: Second
Length: 12
Width: 10
Area: 120
Features: No
Full Bathrooms: 1
Interior Features: Lighting - Overhead, Sun Room
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Laundry Features: In Basement, In Building, Washer Hookup
Rooms: 5
Basement: Y
Parking Details
Parking Features: Off Street, Assigned, Stone/Gravel
Exterior Details
Entry Level: 2
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Renovated Since
PropertySubType: Condominium
Building Name: Hancock Victorian Condominium
Structure Type: 2/3 Family
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Porch
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: none
Parcel Number: 2134697
Water Source: Public
Financial Details
Tax Assessed Value: $252,400
Tax Annual Amount: $3,364
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Cooling Type: Window Unit(s)
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Reserve Funds
Association Fee Frequency: Monthly
HOA Fee: $200
Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Private School, Public School, T-Station, University
Pets Allowed: Yes
Complex is Completed
Management: Owner Association
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017