$222,000
●
Condo -
Off Market
82-3 Washington Square East #3
Salem, MA 01970
1 Bed
1 Bath
796 Ft²
$432,049
RealtyHop Estimate
88.67%
Since Jul 1, 2004
MA-Boston
Primary Model
About This Property
ELEGANT FEDERAL COLONIAL OVERLOOKING SALEM COMMON. BEAUTIFUL
ENTRANCE & DETAIL. 1 BDRM CONDO W/DECORATIVE FIREPLACE, EAT-IN
KITCHEN, WD FLOORS, 1 CAR ASSIGNED PARKING WALK TO TRAIN, LAUNDRY
IN COMPLEX. HISTORIC HOUSE.
Unit Size
796 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$288
Property Type
Condo
Property Taxes
$200
HOA Dues
$123
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 #30810385)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 7, 2004 | Sold | ||
| Sold | |||
| Feb 5, 2004 | Listed by Tache Real Estate, Inc. | $229,000 | |
| Listed by Tache Real Estate, Inc. | |||
Property Highlights
Parking Available
Interior Details
Level: Second
Features: Flooring - Hardwood
Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
Level: Second
Level: Second
Features: Flooring - Hardwood
Level: Second
Features: No
Full Bathrooms: 1
Appliances: Range, Dishwasher, Refrigerator, Gas Water Heater
Flooring Type: Wood, Tile, Vinyl
Rooms: 3
Basement: Y
Parking Details
Parking Features: Off Street, Assigned
Exterior Details
Entry Level: 2
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Washington Square Condominiums
Structure Type: Garden
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Frame
Lead Paint: Unknown
Lot Size Area: 0.23
Lot Size Units: Acres
Lot Size Acres: 0.23
Zoning: R2
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $205,200
Tax Annual Amount: $2,403
Utilities Details
Cooling Type: None
Heating Type: Central, Baseboard, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Hot Water, Laundry, Storage
HOA Fee: $123
Community Features: Public Transportation, Shopping, Walk/Jog Trails
Complex is Completed
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 |
|---|---|---|---|---|---|---|---|
|
09/07/2022
|
2 Bed
|
1 Bath
|
931 ft²
|
$399,995
2 Bed
1 Bath
931 ft²
|
$415,000
+3.75%
10/12/2022
|
Richard Jagolta
Seaport Realty
| |
|
02/05/2004
|
1 Bed
|
1 Bath
|
796 ft²
|
$229,000
1 Bed
1 Bath
796 ft²
|
$222,000
-3.06%
06/07/2004
|
Virginia Carson
Tache Real Estate, Inc.
| |
|
03/01/2000
|
1 Bed
|
1 Bath
|
750 ft²
|
$134,900
1 Bed
1 Bath
750 ft²
|
$130,000
-3.63%
05/26/2000
|
Jeana Khan
Jeana Kahn Real Estate
| |
|
04/08/1998
|
1 Bed
|
1 Bath
|
837 ft²
|
$112,900
1 Bed
1 Bath
837 ft²
|
$110,500
-2.13%
06/22/1998
|
Robyn Olson
Gibson Sotheby's International Realty
|
Building Info
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