$519,000
●
Condo -
Off Market
7 Orne Square #7
Salem, MA 01970
4 Beds
2 Baths,
1
Half Bath
1,835 Ft²
$742,505
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model
About This Property
Orne Square in the McIntire Historic District is one of Salem's
MOST desirable addresses! This Super Charming enclave of stucco
townhomes, each with its own yard, also offers 2 parks & private
parking. This unit has been beautifully renovated w/a gorgeous
custom cherry kitchen featuring leathered granite counters & brand
new stainless appliances-w/gas cooking! Craftsman style details are
found throughout - especially in the stunning dining room w/its
lighted stained glass china cabinet & designer light fixture. A
working fireplace & handcrafted built-ins are highlights of the
light & bright living room. A half bath is found off the entry. The
2nd floor offers a large master w/walk-in closet & two additional
bedrooms while the finished 3rd floor boasts 2 more rooms, perfect
for an office & 4th bedroom or renovate for a large family room!
Relax in the newly refinished clawfoot tub! Basement w/storage &
separate workshop space-along with a BRAND NEW gas furnace!
Unit Size
1,835 Ft²
Days on Market
-
Land Size
-
Price per sqft
$283
Property Type
Condo
Property Taxes
$499
HOA Dues
$225
Year Built
1916
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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 #72516689)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 15, 2019 | Sold | ||
| Sold | |||
| Jun 11, 2019 | Listed by Tache Real Estate, Inc. | $519,000 | |
| Listed by Tache Real Estate, Inc. | |||
| Nov 30, 2005 | Sold | ||
| Sold | |||
| Jun 3, 2005 | Listed by Keller Williams Realty Evolution | $449,000 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Nicely maintained townhome in the McIntyre district. Originally built in the style of an English mews in 1916 and has been lovingly maintained. Private front entrance and back porch, 4 bedrooms, 1 1/2 baths with fireplaced living room, fully applianced renovated kitchen, hardwood floors, original trim throughout, rear deck, garden area, off-street parking and more. Within walking distance to downtown museums and commuter rail.
| |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Stainless Steel Appliances, Gas Stove
Level: Second
Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Laminate
Level: Second
Features: Closet, Flooring - Hardwood
Features: Closet, Flooring - Hardwood
Level: Second
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood
Level: First
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Features: Closet, Flooring - Hardwood
Level: Second
Level: Third
Features: Closet, Flooring - Wall to Wall Carpet
Level: First
Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Open Floorplan, Gas Stove, Lighting - Sconce
Level: Third
Features: Flooring - Wall to Wall Carpet
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Office
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Flooring - Wall to Wall Carpet
Laundry Features: In Basement, In Unit
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Assigned
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Orne Square
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch, Deck, Patio
Lead Paint: Certified Treated
Lot Size Units: Acres
Zoning: R2
Parcel Number: 4078846
Water Source: Public
Financial Details
Tax Assessed Value: $396,400
Tax Annual Amount: $5,986
Utilities Details
Utilities: for Gas Range
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
HOA/Condo/Coop Amenities: Park, Garden Area
HOA Fee: $225
Community Features: Public Transportation, Park, University
Pets Allowed: Yes
Management: Owner Association
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 |
|---|---|---|---|---|---|---|---|
|
06/11/2019
|
4 Bed
|
2 Bath
|
1835 ft²
|
$519,000
4 Bed
2 Bath
1835 ft²
|
$519,000
08/15/2019
|
Raymond Cruddas
Tache Real Estate, Inc.
| |
|
06/03/2005
|
4 Bed
|
2 Bath
|
1835 ft²
|
$449,000
4 Bed
2 Bath
1835 ft²
|
$431,000
-4.01%
11/30/2005
|
Paul Rallo
Keller Williams Realty
| |
|
06/28/2001
|
3 Bed
|
1 Bath
|
1800 ft²
|
$220,000
3 Bed
1 Bath
1800 ft²
|
$193,000
-12.27%
07/18/2001
|
Betsy Merry
Coldwell Banker Residential Brokerage - Salem
|
Building Info
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