9 Spring Street #2
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Jan 31, 2022 | Sold | ||
| Sold | |||
| Nov 11, 2021 | Listed by Coldwell Banker Realty - Marblehead | $499,900 | |
| Listed by Coldwell Banker Realty - Marblehead | |||
| | |||
|
MOTIVATED SELLERS!!! HUGE PRICE IMPROVEMENT...YOU WON'T WANT TO MISS THIS OPPORTUNITY!! Are you dreaming of a turnkey condo with beautiful ocean views that's a quick walk to iconic downtown Salem? Look no further! This sun drenched condo has everything you are looking for! Beautiful granite countertops, stainless steel appliances, cherry cabinets and ocean views right out your kitchen window! You'll love the large dining room equipped with a gas fireplace and cozy window seat, that opens into the spacious living room. The master suite has a full bath and a large walk-in closet! On the second floor you'll find two additional bedrooms, with built-in shelving, and a family room. You'll love entertaining outside on your large deck overlooking Collins Cove! Plenty of room for more fun in the awesome fenced in yard. Hardwood floors, storage in the basement and laundry on the main level, the list just keeps going! Come see for yourself! Book your showing today, before it is gone!
| |||
| Jun 30, 2015 | Sold | ||
| Sold | |||
| Apr 8, 2015 | Listed by Rowley Realty | $395,000 | |
| Listed by Rowley Realty | |||
| Aug 31, 2010 | Sold | ||
| Sold | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/11/2021
|
3 Bed
|
2 Bath
|
1525 ft²
|
$499,900
3 Bed
2 Bath
1525 ft²
|
$492,400
-1.50%
01/31/2022
|
Ashley Rioux
Keller Williams Realty Metropolitan
| |
|
04/08/2015
|
3 Bed
|
2 Bath
|
1525 ft²
|
$395,000
3 Bed
2 Bath
1525 ft²
|
$380,000
-3.80%
06/30/2015
|
John McCarthy
Phillips Real Estate
| |
|
05/21/2010
|
3 Bed
|
2 Bath
|
1525 ft²
|
$317,000
3 Bed
2 Bath
1525 ft²
|
$305,000
-3.79%
08/31/2010
|
Merry Fox Team
MerryFox Realty
| |
|
05/21/2010
|
2 Bed
|
1 Bath
|
920 ft²
|
$259,000
2 Bed
1 Bath
920 ft²
|
$252,500
-2.51%
08/04/2010
|
Merry Fox Team
MerryFox Realty
| |
|
01/17/2010
| |
6 Bed
|
2 Bath
|
2417 ft²
|
$209,900
6 Bed
2 Bath
2417 ft²
|
$235,000
+11.96%
02/26/2010
|
Paula Bishop
Pine Valley Realty
|
|
12/06/2001
| |
6 Bed
|
-
|
2511 ft²
|
$299,000
6 Bed
-
2511 ft²
|
$303,000
+1.34%
01/23/2002
|
Alan Synenki
Keller Williams Realty Evolution
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017