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12 1/2 Dearborn Street # 3, Salem MA 01970

Salem, MA 01970
$287,000
Est. $2,106/month
2
Beds
1
Baths
985
Sq Ft
$291
Price/Sq Ft
1890
Year Built
18
Days on Market
Closed Listed Aug 22, 2018 • MLS# 72382486 Copied!

About this home

Located on beautiful tree-lined residential street convenient to train, downtown Salem and easy access to Rt 128 - this tasteful & appealing 2004 condo in classic/well built turn of the century architecture is accessible to so much, while not being in the midst of the "Halloween commotion".__This 2 bedroom penthouse flat offers open space living/dining/kitchen and newer tile bathroom. __Third floor benefits include lovely cross breezes, quiet "above" and delightful sunrise and sunset roof top views. __Special features: hardwood floors, kitchen with granite/stainless appliances/gas stove, in-unit laundry, easy access to attic storage as well as 10x15 private basement storage. __Congenial and cooperative 6 unit members association happily share common back yard. __Ample on street parking. __Showings begin at Open House Saturday 8/25 and Sunday 8/26 from 11-12:30. First Offer Review Monday 8/27 3PM

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1890
Bedrooms
2
Full Bathrooms
1
Living Area
985 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $275,000
Final Sale Price: $287,000
Difference: +$12,000 (+4.4%)
Performance Metrics
104.4%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $279
Sale $/sq ft: $291
This property sold for $291 per square foot
Sale Summary

This property sold for 4.4% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$291/sq ft
Area Average
$191/sq ft
Difference
+52.3%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1890
Living Area 985 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s), Dual
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Patio
Pool None
Spa None
Fencing None
Patio/Porch Patio

Parking

Features None

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $3,361
Assessed Value $218,500

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1890
Effective Year (Renovated): 2005
Structure Type: Low-Rise, 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Parking Features:

Location

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Neighborhood

12 1/2 Dearborn Street # 3, 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

9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
2.2 mi
Grades PK-08
B+
Bates School
0.5 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
0.6 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.1 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
1.2 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
B
Witchcraft Heights School
1.3 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
1.5 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
1.0 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
H

High Schools

2 schools
B+
Salem Academy Charter School
1.1 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
1.6 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
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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 $280
Homeowners Insurance $200
HOA Fee $175/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

34.5%
Price Range
20
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73277589
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 2, 2024
$419,900
MLS #73277589
Sold
Sep 27, 2018
$287,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Aug 22, 2018
$275,000
Original listing
Agent: Claire Dembowski Office: RE/MAX Advantage Real Estate

Price & Status History

Date Event Price Change
Oct 2, 2024 Sold $419,900
Aug 22, 2018 New Listing Added $275,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$291

Tax History

Year Taxes Assessment
2018 $3,361 $218,500

Financial Details

Annual Property Tax
$3,361
Tax Year 2018
HOA Fee
$175
Monthly
Assessed Value
$218,500

Listing Information

Listing Office RE/MAX Advantage Real Estate
Agent MLS ID C8301679
Office MLS ID C95234
Listing Data Updated Sep 27, 2018 3:39 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

12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 1 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 2 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 3 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 4 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 5 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 6 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 7 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 8 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 9 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 10 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 11 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 12 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 13 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 14 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 15 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 16 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 17 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 18 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 19 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 20 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 21 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 22 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 23 12 1/2 Dearborn Street # 3, Salem MA 01970 - Photo 24
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