$335,000
●
Condo -
Off Market
96 Washington Sq #3
Salem, MA 01970
2 Beds
1 Bath
1,350 Ft²
$536,174
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model
About This Property
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!
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$256
Property Type
Condo
Property Taxes
$426
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 #72165576)
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 | |||
| | |||
|
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.
| |||
| Aug 1, 2017 | Sold | ||
| Sold | |||
| May 16, 2017 | Listed by BA Property & Lifestyle Advisors | $345,000 | |
| Listed by BA Property & Lifestyle Advisors | |||
| Jan 13, 2014 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Features: Skylight, Cathedral Ceiling(s), Flooring - Wall to Wall Carpet, Open Floorplan
Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Skylight
Features: Closet, Flooring - Wall to Wall Carpet
Features: Ceiling Fan(s), Closet, Flooring - Hardwood
Features: Skylight, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Gas Stove, Peninsula
Features: Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet, Open Floorplan
Full Bathrooms: 1
Appliances: Dishwasher, Utility Connections for Gas Oven, Utility Connections for Electric Dryer
Rooms: 4
Has Fireplace
Fireplace Features: Bedroom
Fireplaces: 1
Basement: Y
Parking Details
Parking Features: Off Street
Exterior Details
Has Property Attached
Entry Level: 3
Year Built Source: Public Records
Year Built Details: Unknown/Mixed
PropertySubType: Condominium
Building Name: Overlook Common Condominium Association
Structure Type: Attached
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame, Brick, Stone
Patio and Porch Features: Porch
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, 4548102
Water Source: Public
Financial Details
Tax Assessed Value: $322,600
Tax Annual Amount: $5,116
Utilities Details
Utilities: for Gas Oven, for Electric Dryer
Cooling Type: Central Air
Heating Type: Central, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Storage
Association Fee Frequency: Monthly
HOA Fee: $270
Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, House of Worship, Marina, T-Station
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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