CCertihomes
42-50 Cable, Salisbury, MA 01952

$1,499,000

0 beds 0 baths 5 days on marketActive

About this home

Investors and/or developers, a unique opportunity is presenting itself at Salisbury Beach. Four lots featuring eight year-round units located in the Beach Commercial Zone. Lot 42 – single family. Lot 44 – 2 family plus 3 single-family cottages. Lot 48 – open space for parking/new construction. Lot 50 – 2 single-family homes. For developers/builders, our estimate provides for six to nine/three-bedroom units allowed in this Beach Commercial Zone. The possibilities include six to seven single-family homes or two to three/3-unit garden style condominium buildings. All four parcels must be purchased together and are NOT sold separately. Buyer could also purchase the package and sell all four parcels individually. FIRST and ONLY showing of all eight units together will be held on Saturday, May 11, 12-3 PM. Please view attachments.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$10,853/mo

Real estate (PITI + HOA + PMI)
$10,777
Principal + interest$6,799
Property tax + insurance$3,416
PMI / 2nd mortgage$562
Utilities
$847
Heating + cooling$262
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$111
Car insurance + maintenance$111
Other (entertainment)
$157
$10,853/mo TLC
Budget$11,353/mo
Remaining after TLC$500/mo
Purchase price
$1,499,000
Down payment
$74,950 (5%)
Loan amount
$1,424,050
APR
4%

Quick facts

Type
Commercial
Style
Year built
Lot size
0.51 ac
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
$19,269
MLS #
73234496
County
Essex

Home features

Sewer
Public Sewer

Lot features

Other

Neighborhood — 01952

MetricThis ZIPCountyUSA
Population7,4796,444,931299,088,112
Population Change Since199018.00%7.00%20.00%
Population Density465786
Male3,7343,127,134147,432,321
Female3,7453,317,797151,655,844
Never Married1,6551,612,88563,775,926
Married2,9242,586,314123,120,365
Separated284247,85712,639,686
Widowed422363,59415,467,586
Divorced814436,88823,075,029
Number Of House Hold2,9592,431,591111,826,380
Average House Hold Size2.512.562.60
Medial Age39.5237.2535.46
Median House Hold Income$53,387$57,698$48,276
Average House Hold Income$60,859$75,023$63,629
P C I$24,208$29,196$24,529
M D I$44,881$48,105$41,133
A T H E$49,946$57,083$50,898
S T R5.00%5.00%
W C J72.52%81.38%77.74%
(Zip) Code
1952

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

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Listing information last refreshed 5/8/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.