$468,000
●
Condo -
Off Market
96 Washington Sq #3
Salem, MA 01970
2 Beds
1 Bath
1,350 Ft²
$522,469
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model
About This Property
Enjoy treetop views over the Salem Common while living in one of
the city's most desirable historic neighborhoods! Built in 1832,
The Nathaniel Silsbee Jr. house was one of Salem Common's most
gracious Greek Revival mansions. Today this spacious top floor
condo offers all the amenities for modern living: gas cooking and
heat, central AC, off-street parking, replacement windows, in-unit
washer/dryer, basement storage, low condo fees, and a landscaped
side yard. Recent updates include an open kitchen (2019), roof
(2020), and gorgeous hardwood floors (2021). This ideal location is
close to everything: take a stroll through the park to Salem's
downtown shops and top rated restaurants, or go one block east to
the beach on Collins Cove. See the sailboats from your driveway!
Easy commute to Boston- approx. ½ mile to the ferry or train
station. Celebrate Halloween like a local this year! *Masks
required indoors.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$341
Property Type
Condo
Property Taxes
$463
HOA Dues
$270
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: 5 years ago (MLSPIN #72889453)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2021 | Sold | ||
| Sold | |||
| Sep 2, 2021 | Listed by Leading Edge Real Estate | $459,900 | |
| Listed by Leading Edge Real Estate | |||
| Aug 1, 2017 | Sold | ||
| Sold | |||
| May 16, 2017 | Listed by BA Property & Lifestyle Advisors | $345,000 | |
| Listed by BA Property & Lifestyle Advisors | |||
| | |||
|
Waiting for that perfectly unique & stunning condo that is move in ready? Live in the historic Nathaniel Silbee House in the very heart of all that is most dynamic in Salem. SEVEN sky lights fill this 2BR/1BA unit with natural light. New high efficiency picture window provides stunning year round views of the Common. Granite counters wrap an open concept kitchen with 10 ft. ceilings in the living/dining area. Newly installed Berber carpet throughout w/ original hardwood floor in Master BR. Tiled BA features a sky light over the shower. New ultra-silent Bosch dishwasher, new gas stove, in unit washer/dryer. Parking, pet friendly. PLENTY of storage throughout with more in the basement. Step outside into beautiful common yard, across from the Common and a block away from Collins Cove. Convenient to nature, Derby Wharf lighthouse, culture, fine dining, shopping and the world class Peabody Essex Museum, commuter rail, bike and walking paths and more. WELCOME HOME!
| |||
| Jan 13, 2014 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Available
Interior Details
Level: Third
Level: Third
Level: Third
Level: Third
Level: Third
Level: Third
Features: No
Full Bathrooms: 1
Interior Features: Internet Available - Broadband
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Electric Water Heater, Plumbed For Ice Maker, Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Hardwood
Laundry Features: Third Floor, In Unit, Washer Hookup
Rooms: 4
Has Fireplace
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street, Assigned, Deeded, Paved
Exterior Details
Has Property Attached
Entry Level: 3
Year Built Source: Owner
Year Built Details: Certified Historic, Renovated Since
PropertySubType: Condominium
Building Name: Overlook Common Condo Association
Structure Type: Attached
Stories (Total): 1
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Enclosed
Lead Paint: Unknown
Lot Size Area: 0.2
Lot Size Units: Acres
Lot Size Acres: 0.2
Zoning: R2
Parcel Number: M:35 L:0535 S:803, 4548071
Water Source: Public
Financial Details
Tax Assessed Value: $402,300
Tax Annual Amount: $5,552
Utilities Details
Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
HOA/Condo/Coop Amenities: Hot Water
Association Fee Frequency: Monthly
HOA Fee: $270
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, University
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
09/02/2021
|
2 Bed
|
1 Bath
|
1350 ft²
|
$459,900
2 Bed
1 Bath
1350 ft²
|
$468,000
+1.76%
10/28/2021
|
Erin Murphy
RE/MAX Prestige
| |
|
05/16/2017
|
2 Bed
|
1 Bath
|
1350 ft²
|
$345,000
2 Bed
1 Bath
1350 ft²
|
$335,000
-2.90%
08/01/2017
|
Sara Maurno
Coldwell Banker Realty - Beverly
| |
|
05/23/2013
|
2 Bed
|
1 Bath
|
1350 ft²
|
$319,900
2 Bed
1 Bath
1350 ft²
|
$312,000
-2.47%
01/13/2014
|
Merry Fox Team
MerryFox Realty
| |
|
03/22/2013
|
2 Bed
|
2 Bath
|
1910 ft²
|
$439,000
2 Bed
2 Bath
1910 ft²
|
$400,000
-8.88%
11/27/2013
|
Sara McNeal
Keller Williams - Nashua
| |
|
03/04/2011
|
2 Bed
|
2 Bath
|
1745 ft²
|
$379,900
2 Bed
2 Bath
1745 ft²
|
-
-
|
Sara McNeal
Keller Williams - Nashua
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017