80 Wharf Street, Unit K1

Salem, MA 01970

$400,000
Last Sold Price
2
Beds
1
Bath
1,100 Sq. Ft.
$364 / Sq. Ft.
1,100
Sq. Ft.
$364
per Sq. Ft.

Description

Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic...Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic charm and modern amenities, this condo offers a rare chance to secure a hassle-free investment in one of Salem's most sought-after neighborhoods. Please note that interior photos are unavailable due to the tenant's privacy preferences. However, rest assured that the property is in good shape and meticulously maintained for your investment peace of mind. Enjoy occupying or investing in waterfront living in Salem's vibrant community.

Listing Agents

  1. Blake Sherwood

    Blake Sherwood

    Alternative Listing Agent

    Compass

Property Details for 80 Wharf Street, Unit K1

Town
Salem
Area
MA-Salem
Style
Low-Rise
Garage Spaces
0
Parking Spaces
1.00
Parking Spaces Total
1
Unit Placement
End, Middle, Corner

Location

Add your commute
LISTING UPDATED: 04/12/2024 09:56 AM

Property Details for 80 Wharf Street, Unit K1

StatusSold
MLS #73203890
Days on Market22
Taxes$4,932 / year
HOA Fees$294 / month
Compass TypeCondo
MLS TypeCondominium/Co-Op / Condo
Year Built1980
CountyEssex County

Location

Add your commute

Building Information for 80 Wharf Street, Unit K1

Building/ComplexPickering WharfFloor2Stories1Residences54Pet PolicyAllowedYear Built1980

Payment Calculator

$2,888 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,183

Property Taxes

$411

HOA Dues

$294

The Payment Calculator is for illustrative purposes only.

Property Information for 80 Wharf Street, Unit K1

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Conservation Area, Marina, Public School, University
  • Current Financing: Private
  • Living Area: 1100.0
  • SqFt with Basement: No
  • Total Units: 54
  • Type of Condo: Condo
  • Waterfront: Yes
  • Water View: Yes
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement Features: N
  • Common Walls: End, Middle, Corner
  • Num of Baths: 1.0
  • Num of Full Baths: 1
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 1.00
  • Bathrooms Total Integer: 1
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Vinyl, Carpet, Laminate
  • Laundry Features: Second Floor, Washer Hookup
  • SpaYN: No
Exterior Features
  • Construction: Frame, Brick
  • Roof Material: Shingle
  • Structure Type: Low-Rise
  • Waterfront Features: Waterfront, Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterview Features: Canal, Ocean
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Off-Street, Assigned, Exclusive Parking
  • Parking Features: Off-Street, Assigned, Exclusive Parking
  • Parking Features: Off-Street, Assigned, Exclusive Parking
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Forced Air, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Utility Connections: for Electric Range, Washer Hookup
  • Water: Public
Room Information
Primary Bedroom
  • Room Primary Bedroom Area: 156.0
  • Room Primary Bedroom Length: 13.0
  • Primary Bedroom Level: Second Floor
  • Room Primary Bedroom Width: 12.0
Bedroom 2
  • Bedroom2 Area: 154.0
  • Bedroom2 Length: 14.0
  • Bedroom2 Level: Second
  • Bedroom2 Width: 11.0
Bathroom 1
  • Bathroom1 Level: Second
Dining Room
  • Dining Room Area: 120.0
  • Dining Room Length: 12.0
  • Dining Room Level: Second
  • Dining Room Width: 10.0
Kitchen
  • Kitchen Area: 144.0
  • Kitchen Length: 12.0
  • Kitchen Level: Second
  • Kitchen Width: 12.0
Living Room
  • Room Living Room Area: 286.0
  • Room Living Room Length: 22.0
  • Room Living Room Level: Second
  • Room Living Room Width: 13.0
Property Information
Property Info
  • Year Round: Yes
  • Documents Available: Master Deed, Unit Deed, Master Plan, Floor Plans
  • Documents Count: 4
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: 17 year tenant paying $2,550/month - lease with 30 day notice in place,earliest vacancy May 1st with end of March notice to tenant. Association has one investor owning over 50% so will not conform to conventional lending. Local lending needed. National Grand in Marblehead possible.
Tax Information
  • Listing Terms: Contract
  • Tax ID: M:34 L:0408 S:829,2135933
  • Assessments: $424,400
  • Book: 0000
  • Tax Year: 2024
  • Zoning: RES
Building / Association Information
Living Characteristics
  • Beds Total: 2
  • Total Living Levels: 1
Other Building Characteristics
  • Heat Zones: 1
Complex & Association Information
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
  • Complex Name: Pickering Wharf
  • Complex Complete: Yes
  • Management: Professional - Off Site
  • Adult Community: No
Unit Information
Unit Information
  • Unit Building: K1
  • Unit Floor Level Integer: 2.0
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 80 Wharf Street, Unit K1

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 80 Wharf Street, Unit K1

Taxable ValueLand-Additions$424,400Total-
Tax Record2024$4,932 ($411 / month)
Home Facts
Beds2Baths1Total Finished SqFt1,100 SqFtAbove Grade Finished SqFt1,100 SqFtStories1StyleCondominiumYear Built1980CountyESSEXAPNSALE M:34 L:0408 S:829

Schools near 80 Wharf Street, Unit K1

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - K to 5
Public - K to 8
Rating
School
Distance
Carlton Elementary School
PublicK to 5

Horace Mann Laboratory
PublicK to 5

Bates Elementary School
PublicK to 5

Saltonstall School
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.