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107 Leach St # 2, Salem MA 01970

Salem, MA 01970
$675,000
Est. $8,337,293/month
2
Beds
2
Baths
1,000
Sq Ft
$675
Price/Sq Ft
1920
Year Built
58
Days on Market
Closed Listed Jan 25, 2024 • MLS# 73196754 Copied!

About this home

Rare waterfront opportunity, TWO UNITS REMAIN! Indulge in the allure of Salem's recently redesigned contemporary condominium residences, where waterfront views become an integral part of your daily life. The pride of workmanship from this local development team comes with no details to spare. Wake up with a warm cup of coffee on a brisk summer morning in New England, and enjoy on your gorgeous balcony. Be prepared be enthralled by the breathtaking scenery of Palmer Cove that unfolds before you, this is the prime opportunity for embracing waterfront living at its finest. The contemporary kitchen comes equipped with stainless steel appliances, quartz countertops, & brand-new hardwood floors that grace the entire residence. Revel in the convenience of two full bathrooms, and two generous sized bedrooms which create a flexible floor-plan for working at home or a guest bedroom. New plumbing, electrical, HVAC, windows, exterior, roofing & much more. The North Shore lifestyle that awaits!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
1,000 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $689,000
Final Sale Price: $675,000
Difference: $14,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
58
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $689
Sale $/sq ft: $675
This property sold for $675 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

The property spent 58 days on market before selling.

Nearby Sales Comparison

Based on 9 similar properties sold within 0.5 miles in the last 90 days

This Property
$675/sq ft
Area Average
$336/sq ft
Difference
+100.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 1,000 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $99,999,999
Assessed Value $999,999,999

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2024
Structure Type: 2/3 Family
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Harbor
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Highway Access, House of Worship, Marina, Public School, T-Station, University

Location

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Neighborhood

107 Leach St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $8,333,333
Homeowners Insurance $200
HOA Fee $347/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

1.2%
Price Range
59
Total Days on Market

Property Timeline

Sold
Apr 30, 2024
$675,000
Property sold
Days on Market: 59
🏠
Listed for Sale
Jan 25, 2024
$683,000
Original listing
Agent: The Movement Group Office: Compass

Price & Status History

Date Event Price Change
Jan 25, 2024 New Listing Added $683,000

Market Statistics

Days on Market
58 days
Price per Sq Ft
$675

Tax History

Year Taxes Assessment
2024 $99,999,999 $999,999,999

Financial Details

Annual Property Tax
$99,999,999
Tax Year 2024
HOA Fee
$347
Monthly
Assessed Value
$999,999,999

Listing Information

Listing Agent The Movement Group
Listing Office Compass
Agent MLS ID TM331585
Office MLS ID AN2383
Listing Data Updated Apr 30, 2024 1:14 PM EDT
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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