7 Spring Street #2
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2018 | Sold | ||
| Sold | |||
| Apr 17, 2018 | Listed by Compass | $399,000 | |
| Listed by Compass | |||
| Apr 29, 2016 | Sold | ||
| Sold | |||
| Mar 5, 2016 | Listed by J. Barrett & Company | $279,900 | |
| Listed by J. Barrett & Company | |||
| | |||
|
Very Nice Two Level Condo In Renovated Antique Colonial Only Steps to Salem Common, Commuter Rail, Sandy Beach and Downtown. There are Beautiful Pine and Hardwood Floors, Two Fantastic Fireplaces and a Lovely Yard. You'll Adore this Location with Beach Harbor view at the End of the Street. Explore the Peabody Essex, Shop or Stroll to the Waterfront, and It's Less than a Ten Minute walk to the Train.
| |||
| Oct 21, 2005 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/17/2018
|
2 Bed
|
2 Bath
|
1499 ft²
|
$399,000
2 Bed
2 Bath
1499 ft²
|
$395,000
-1.00%
06/22/2018
|
Pam McKee Team
Keller Williams Realty
| |
|
03/15/2016
|
2 Bed
|
1 Bath
|
857 ft²
|
$239,000
2 Bed
1 Bath
857 ft²
|
$243,000
+1.67%
04/29/2016
|
Merry Fox Team
MerryFox Realty
| |
|
03/05/2016
|
2 Bed
|
2 Bath
|
1499 ft²
|
$279,900
2 Bed
2 Bath
1499 ft²
|
$288,000
+2.89%
04/29/2016
|
Ted Richard
J. Barrett & Company
| |
|
07/13/2005
|
2 Bed
|
2 Bath
|
1495 ft²
|
$289,000
2 Bed
2 Bath
1495 ft²
|
$285,000
-1.38%
10/21/2005
|
Daniel Fox
Coldwell Banker Residential Brokerage - Salem
| |
|
10/14/2004
|
2 Bed
|
1 Bath
|
856 ft²
|
$239,900
2 Bed
1 Bath
856 ft²
|
$235,000
-2.04%
02/10/2005
|
Elizabeth Pool
RE/MAX Advantage Real Estate
| |
|
05/24/2004
| |
9 Bed
|
2 Bath
|
2044 ft²
|
$369,900
9 Bed
2 Bath
2044 ft²
|
$368,500
-0.38%
07/01/2004
|
Ted Richard
J. Barrett & Company
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017