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10 Norman Street # 402, Salem MA 01970

Salem, MA 01970
$417,500
Est. $3,097/month
2
Beds
2
Baths
1,064
Sq Ft
$392
Price/Sq Ft
1980
Year Built
49
Days on Market
Closed Listed Oct 24, 2024 • MLS# 73306185 Copied!

About this home

Unique opportunity to live in the heart of downtown Salem! Within 5 minutes you can walk to the cafes, restaurants, shops and museums as well as the Commuter Rail Station or Salem Ferry. This two bedroom two bath unit is situated away from the street and has an open living concept between the living room, dining area and kitchen. It has an in-unit washer/dryer. Other amenities include an elevator, exercise room and use of the Heritage Room. The condo fee includes heat and hot water. One car deeded parking plus generous guest parking. The unit was recently painted and has new carpeting in the living room, dining area and guest bedroom. The pet policy allows for one cat subject to approval of the Trustees. As two bedroom units seldom come up for sale at Heritage Plaza, you may want to make an appointment to see it soon.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
2
Living Area
1,064 sq ft
Total Rooms
4
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $439,000
Final Sale Price: $417,500
Difference: $21,500 (-4.9%)
Performance Metrics
95.1%
List to Sale Ratio
Sold below asking price
49
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $413
Sale $/sq ft: $392
This property sold for $392 per square foot
Sale Summary

This property sold for 4.9% below the original asking price.

The property spent 49 days on market before selling.

Nearby Sales Comparison

Based on 22 similar properties sold within 0.5 miles in the last 90 days

This Property
$392/sq ft
Area Average
$364/sq ft
Difference
+7.7%

This property sold slightly above the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,064 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s), Unit Control
Flooring Vinyl, Carpet
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Fourth Floor, In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Brick
Architecture None
Roof Tar/gravel
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Guest, Paved
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer

Financial

Annual Tax $4,169
Assessed Value $358,800

Interior Features

Flooring: Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Fourth Floor, In Unit, Electric Dryer Hookup
Security: Intercom

Construction & Materials

Year Built: 1980
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof: Tar/Gravel
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: Wall Unit(s), Unit Control
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Guest, Paved

Location

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Neighborhood

10 Norman Street # 402, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
B-
Saltonstall School
0.5 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
The Phoenix School
0.7 mi
Grades PK-08
B-
Carlton School
0.9 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

2 schools
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.9 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.6 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.6 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $347
Homeowners Insurance $200
HOA Fee $438/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

4.9%
Price Range
51
Total Days on Market

Property Timeline

Sold
Jan 10, 2025
$417,500
Property sold
Days on Market: 51
🏠
Listed for Sale
Oct 24, 2024
$439,000
Original listing
Agent: Daniel Devan Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Oct 24, 2024 New Listing Added $439,000

Market Statistics

Days on Market
49 days
Price per Sq Ft
$392

Tax History

Year Taxes Assessment
2024 $4,169 $358,800

Financial Details

Annual Property Tax
$4,169
Tax Year 2024
HOA Fee
$438
Monthly
Assessed Value
$358,800

Listing Information

Listing Agent Daniel Devan
Listing Office Gibson Sotheby's International Realty
Agent MLS ID C8363217
Office MLS ID AN6133
Listing Data Updated Jan 10, 2025 1:36 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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