Active
2 Days on market
28 America Way #3 Salem — Photo 1 of 29

28 America Way #3 Salem — Photo 1 of 29

$489,900

Investment Analysis — 28 America Way #3

Salem, MA 01970

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01970 carries an estimated $2,560/mo in gross rent — about a 2.10% cap rate and $10,278/yr in estimated NOI at the $489,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,351

Style

Condominium

Built

1980

The Village at Vinnin Square - Single-level Condominium at it's BEST! This garden-style condo offers 2 bedrooms, 2 baths with approximately 1,351 sq ft of living space in a well-established condo complex community. The spacious open layout living room and dining room area that flows nicely into the updated kitchen offers plenty of space for entertaining or relaxing. The master bedroom suite offers a master bath plus two large closets, and the second bedroom provides additional space for guests, an office or den. There is a private deck overlooking the well-manicured grounds, plus in-unit laundry with a full size washer & dryer. There is a 1-car garage plus 2 additional deeded parking spaces plus a storage unit. Enjoy all the amenities this condo complex has to offer that include an outdoor in-ground pool, tennis courts, a clubhouse, and conveniently located near shopping, dining, beaches, and Swampscott Train Station. First Showings will be held at Open House on Saturday, September 12th from

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Open Houses

Property Details

Financials

Original Price$489,900
Annual Taxes$4,717
HOA Fee$696

Parking

Garage1
Off-Street3

Interior Specifications

Total Rooms5
FireplacesNone
FlooringCarpet, Wood Laminate
BasementN

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionBrick
RoofShingle
Foundation--
ZoningRes

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Medical Facility • House of Worship • Public School • T-Station

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenBedroom 2Bedroom 3Bathroom 1Bathroom 2
Unknown
Master Bedroom
Living Room
Lvl First

Flooring - Laminate

Dining Room
Lvl First

Flooring - Laminate

Kitchen
Lvl First
Master Bedroom
Lvl null

Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First
Bedroom 3
Lvl First
Bathroom 1
Lvl First

Bathroom - 3/4, Bathroom - With Shower Stall

Bathroom 2
Lvl First

Bathroom - Full

Listing Provided By

Listing Agent: Julie Manley

Listing Office: Connor Real Estate

MLS® Number: 73575430