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12 Rice St # 1, Salem MA 01970

Salem, MA 01970
$610,000
Est. $3,994/month
3
Beds
2
Baths
1,273
Sq Ft
$479
Price/Sq Ft
0.08
Acres
1880
Year Built
25
Days on Market
Closed Listed Jun 6, 2024 • MLS# 73248390 Copied!

About this home

We are proud to introduce to you this exhaustively-renovated (2017) yet classically appointed two-level condo steps from Collins Cove in Salem. This stunning unit features a showpiece kitchen for the most discriminating of cooks; three full bedrooms including a large, private primary suite on its own level; an open floor plan for elegant entertaining; a stunning private yard space for quiet retreat; loads of storage space including huge closets, tons of kitchen storage and dedicated space in the basement; a full-size in-unit washer and dryer, off-street parking for one car; and a hyper-convenient location that provides easy access to Downtown Salem, the Purple Line train AND the shops and restaurants of downtown Beverly. This property is a commuter's dream that doubles as an amazing retreat.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1880
Bedrooms
3
Full Bathrooms
2
Living Area
1,273 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $625,000
Final Sale Price: $610,000
Difference: $15,000 (-2.4%)
Performance Metrics
97.6%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $491
Sale $/sq ft: $479
This property sold for $479 per square foot
Sale Summary

This property sold for 2.4% below the original asking price.

With only 25 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$479/sq ft
Area Average
$303/sq ft
Difference
+58.2%

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 1880
Living Area 1,273 sq ft
Lot Size 0.08 acres
Bedrooms 3
Full Baths 2
Total Rooms 5

Interior

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

Exterior

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

Parking

Features Off Street
Total Spaces 1

Utilities

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

Financial

Annual Tax $5,906
Assessed Value $508,300

Interior Features

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

Construction & Materials

Year Built: 1880
Effective Year (Renovated): 2017
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Location

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Neighborhood

12 Rice St # 1, 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 $492
Homeowners Insurance $200
HOA Fee $217/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

2.4%
Price Range
26
Total Days on Market

Property Timeline

Sold
Jul 29, 2024
$610,000
Property sold
Days on Market: 26
🏠
Listed for Sale
Jun 6, 2024
$625,000
Original listing
Agent: Harry Silverstein Office: Keller Williams Realty Boston Northwest

Price & Status History

Date Event Price Change
Jun 6, 2024 New Listing Added $625,000

Market Statistics

Days on Market
25 days
Price per Sq Ft
$479

Tax History

Year Taxes Assessment
2024 $5,906 $508,300

Financial Details

Annual Property Tax
$5,906
Tax Year 2024
HOA Fee
$217
Per month
Assessed Value
$508,300

Listing Information

Listing Agent Harry Silverstein
Listing Office Keller Williams Realty Boston Northwest
Agent MLS ID CT003440
Office MLS ID BB5474
Listing Data Updated Jul 30, 2024 12:13 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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