$293,998*
●
Condo -
Off Market
99 Broadway #1
Salem, MA 01970
1 Bed
1 Bath
615 Ft²
$216,000 - $262,000
Reference Base Price*
22.55%
Since Mar 1, 2021
MA-Boston
Primary Model
About This Property
Spacious and neat first floor 4 room 1 bedroom condo near
Salem State University features exclusive use detached garage and
additional parking spot. Wood floors and laminate wood
flooring. Tall ceilings. Lots of windows. Remodeled kitchen with
spacious dining area. Large bedroom with double closet. Cheery
living room. Gas heat, and cooking! Low condo fee in small
association. Pets allowed with restrictions. An excellent value to
own rather than rent. Or for investment potential !
The manager has listed the unit size as 615 square feet.
The manager has listed the unit size as 615 square feet.
Unit Size
615 Ft²
Days on Market
-
Land Size
-
Price per sqft
$390
Property Type
Condo
Property Taxes
$2,312
HOA Dues
$15
Year Built
1900
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 2, 2021 | No longer available | - | |
| No longer available | |||
| Jan 20, 2021 | Listed | $239,900 | |
| Listed | |||
| Mar 5, 2019 | Sold | ||
| Sold | |||
| Feb 6, 2019 | Listed | $174,900 | |
| Listed | |||
| | |||
|
Immaculate condo close to everything and currently the least expensive property for sale in Salem! As you enter this first-floor unit through the sun-filled living room you flow nicely into the spacious eat-in kitchen with an included butcher block cart. Just off the kitchen are the large master bedroom and sparkling full bathroom. Personal laundry is conveniently located in the dry basement. Enjoy outdoor living on the shared back patio and huge fenced backyard, which goes largely unused. There is exclusive use of a one car garage with an additional parking spot in front of it. Use it or rent it out for additional income! Close proximity to Salem State and extremely close to the preferred location of the proposed South Salem Commuter Rail station. Come see this wonderful home today!
| |||
| May 16, 2005 | Sold | ||
| Sold | |||
Show More
Property Highlights
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 |
|---|---|---|---|---|---|---|---|
|
01/03/2022
| |
3 Bed
|
1 Bath
|
1058 ft²
|
$495,000
3 Bed
1 Bath
1058 ft²
|
$500,000
+1.01%
02/28/2022
|
Gabriela Debenedictis
Coldwell Banker Realty - Gloucester
|
|
01/20/2021
|
1 Bed
|
1 Bath
|
615 ft²
|
$239,900
1 Bed
1 Bath
615 ft²
|
-
-
|
-
| |
|
02/06/2019
|
1 Bed
|
1 Bath
|
628 ft²
|
$174,900
1 Bed
1 Bath
628 ft²
|
$201,000
+14.92%
03/05/2019
|
Tony Wright
Redfin Corp.
| |
|
11/16/2017
|
1 Bed
|
1 Bath
|
615 ft²
|
$174,900
1 Bed
1 Bath
615 ft²
|
$160,000
-8.52%
05/03/2018
|
Team Harborside
Sagan Harborside Sotheby's International Realty
| |
|
10/02/2008
|
1 Bed
|
1 Bath
|
615 ft²
|
$49,900
1 Bed
1 Bath
615 ft²
|
-
07/08/2009
|
Scott Kearnan
Prudential Lenmar Realty
| |
|
08/03/2005
|
1 Bed
|
1 Bath
|
650 ft²
|
$137,900
1 Bed
1 Bath
650 ft²
|
$137,500
-0.29%
08/31/2005
|
M. J. Taglieri
Options Real Estate Services, LLC
| |
|
02/18/2005
|
1 Bed
|
1 Bath
|
650 ft²
|
$145,900
1 Bed
1 Bath
650 ft²
|
$144,900
-0.69%
05/16/2005
|
M. P. Civiello
Re/max Millenium North, Inc.
|
Building Info
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