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13 Spring Street # 3, Salem MA 01970

Salem, MA 01970
$540,000
Est. $3,170/month
2
Beds
2
Baths
1,690
Sq Ft
$320
Price/Sq Ft
0.17
Acres
1920
Year Built
29
Days on Market
Closed Listed Apr 24, 2019 • MLS# 72487652 Copied!

About this home

Introducing the Penthouse unit at The Cove at Spring Condominiums, newly constructed condominium homes with stunning water views, located just steps away from the Commuter Rail into Boston, the waterfront, and downtown Salem. This two bedroom, two full bath unit features an open floor plan perfect for entertaining, with a bonus office nook, high ceilings and ample windows providing incredible natural sunlight and water views, a contemporary state of the art kitchen with KitchenAid stainless appliances and Quartz countertops, gleaming hardwood floors throughout, in-unit laundry, designer tile in the baths including a custom walk-in master shower, and a Nest thermostat. ALL NEW plumbing, electrical and heating/cooling systems, gas forced hot air and central air units, and a Rinnai tankless hot water heater. Brand new rubber roof and HardieBoard siding. All in a pet friendly, maintenance free building, with two deeded parking spots, and a private, beach-rail deck overlooking the water.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
1,690 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $554,900
Final Sale Price: $540,000
Difference: $14,900 (-2.7%)
Performance Metrics
97.3%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $328
Sale $/sq ft: $320
This property sold for $320 per square foot
Sale Summary

This property sold for 2.7% below the original asking price.

With only 29 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 13 similar properties sold within 0.5 miles in the last 90 days

This Property
$320/sq ft
Area Average
$403/sq ft
Difference
20.6%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 1,690 sq ft
Lot Size 0.17 acres
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood
Appliances Microwave, Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Energy Star Qualified Washer, Range, Oven
Fireplace None
Fireplaces 1
Basement Y
Laundry Flooring - Stone/ceramic Tile, Third Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck - Composite, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite

Parking

Features Off Street, Deeded
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax 0.00
Assessed Value 0.00

Interior Features

Flooring: Hardwood
Appliances: Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range, Oven
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Flooring - Stone/Ceramic Tile, Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2019
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Professional Landscaping
Patio & Porch: Deck - Composite
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University

Location

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Neighborhood

13 Spring 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
1.2 mi
Grades PK-08
The Greenhouse School
2.1 mi
Grades PK-08
B-
Carlton School
0.3 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
0.5 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
0.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
1.0 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+
Bates School
1.0 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
C-
Horace Mann Laboratory School
1.8 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
B
Witchcraft Heights School
1.8 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
M

Middle Schools

1 school
C+
Collins Middle School
1.2 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
0.7 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
1.9 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 $0
Homeowners Insurance $200
HOA Fee $239/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

24.8%
Price Range
20
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73240037
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 12, 2024
$718,250
MLS #73240037
Sold
Jun 10, 2019
$540,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Apr 24, 2019
$554,900
Original listing
Agent: Jenna Lovely Buonfiglio Office: MerryFox Realty

Price & Status History

Date Event Price Change
Jul 12, 2024 Sold $718,250
Apr 24, 2019 New Listing Added $554,900

Market Statistics

Days on Market
29 days
Price per Sq Ft
$320

Tax History

Year Taxes Assessment
2018 $0 $0

Financial Details

Annual Property Tax
$0
Tax Year 2018
HOA Fee
$239
Monthly
Assessed Value
$0

Listing Information

Listing Agent Jenna Lovely Buonfiglio
Listing Office MerryFox Realty
Agent MLS ID CN218608
Office MLS ID C95279
Listing Data Updated Jun 13, 2019 11:51 AM 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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