$431,000
●
Condo -
Off Market
7 Orne Sq #7
Salem, MA 01970
4 Beds
2 Baths,
1
Half Bath
1,835 Ft²
$801,089
RealtyHop Estimate
78.42%
Since Dec 1, 2005
MA-Boston
Primary Model
About This Property
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.
Unit Size
1,835 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$245
Property Type
Condo
Property Taxes
$240
HOA Dues
$200
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 #70202729)
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. | |||
| | |||
|
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!
| |||
| Nov 30, 2005 | Sold | ||
| Sold | |||
| Jun 3, 2005 | Listed by Keller Williams Realty Evolution | $449,000 | |
| Listed by Keller Williams Realty Evolution | |||
Property Highlights
Parking Available
Interior Details
Level: First
Width: 11
Length: 12
Area: 132
Level: Second
Width: 12
Length: 12
Area: 144
Area: 156
Length: 13
Width: 12
Width: 12
Length: 12
Level: First
Area: 144
Length: 12
Level: First
Area: 192
Width: 16
Width: 12
Length: 8
Area: 96
Level: Second
Level: Third
Length: 16
Width: 12
Area: 192
Half Bathrooms: 1
Full Bathrooms: 1
Interior Features: Den
Appliances: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile
Rooms: 8
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Orne Square Condominium Association
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Patio and Porch Features: Deck
Lead Paint: Unknown
Lot Size Area: 0.62
Lot Size Units: Acres
Lot Size Acres: 0.62
Zoning: R2
Parcel Number: M:25 L:0452 S:804, 4078846
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $253,200
Tax Annual Amount: $2,881
Utilities Details
Utilities: for Gas Range
Cooling Type: None
Heating Type: Forced Air, Natural Gas
Location Details
HOA/Condo/Coop Fee Includes: Insurance
HOA Fee: $200
Community Features: Public Transportation, Shopping
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 |
|---|---|---|---|---|---|---|---|
|
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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