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15 Cabot St # 2, Salem MA 01970

Salem, MA 01970
$489,000
Est. $11,156/month
3
Beds
2
Baths
1,000
Sq Ft
$489
Price/Sq Ft
1900
Year Built
20
Days on Market
Closed Listed Jul 6, 2020 • MLS# 72684476 Copied!

About this home

Unbelievable condo renovation offered by a local developer by downtown Salem with garage parking and additional off st parking! Home has three large bedrooms and two bathrooms on the second floor with rear common deck. Unit has been completed renovated offering open concept living room with fireplace and shiplap details transitioning into kitchen equipped with large shaker cabinets, quarts counters, GE stainless steel appliances, in unit laundry, and premier Vigo fixtures. Master bedroom is bright with ensuite bathroom outfitted with extra large vanity, glass shower doors, and stunning tile floors. Unit has two additional bedrooms with bonus deeded storage space in basement. All major mechanicals have been updated, new electrical, central air, gas heating, sprinkler system, and fire alarm. Additional improvement sheet attached to listing.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
3
Full Bathrooms
2
Living Area
1,000 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $469,990
Final Sale Price: $489,000
Difference: +$19,010 (+4.0%)
Performance Metrics
104.0%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $470
Sale $/sq ft: $489
This property sold for $489 per square foot
Sale Summary

This property sold for 4.0% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$489/sq ft
Area Average
$414/sq ft
Difference
+18.0%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,000 sq ft
Bedrooms 3
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Fireplaces 1
Basement Y
Laundry In Unit, Washer Hookup
Features Internet Available - Unknown

Exterior

Construction Stone
Architecture None
Roof Shingle
Features Deck - Composite, Deck - Access Rights, Fenced Yard
Pool None
Spa None
Fencing Security, Fenced
Patio/Porch Deck - Composite, Deck - Access Rights

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Deeded, Assigned, Off Street, Exclusive Parking
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup

Financial

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

Interior Features

Flooring: Wood, Tile, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Internet Available - Unknown
Windows: Insulated Windows
Basement: Y
Laundry: In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2020
Structure Type: 2/3 Family
Exterior Materials: Stone
Roof: Shingle
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: Deck - Composite, Deck - Access Rights, Fenced Yard
Patio & Porch: Deck - Composite, Deck - Access Rights
Fencing: Security, Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Deeded, Assigned, Off Street, Exclusive Parking

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, Public School, University, Other

Location

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Neighborhood

15 Cabot St # 2, 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
0.9 mi
Grades PK-08
The Greenhouse School
1.1 mi
Grades PK-08
B-
Saltonstall School
0.2 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
C-
Horace Mann Laboratory School
0.9 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-
Carlton School
1.3 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
1.3 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
1.3 mi
106 students Diverse
Diverse Student Body
Grades PK
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
B+
Bates School
1.6 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
M

Middle Schools

1 school
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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.5 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
1.0 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 $8,333
Homeowners Insurance $200
HOA Fee $150/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

13%
Price Range
21
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73241451
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 26, 2024
$540,000
MLS #73241451
Sold
Aug 21, 2020
$489,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Jul 6, 2020
$469,990
Original listing
Agent: The Elle Group Office: Cameron Prestige, LLC

Price & Status History

Date Event Price Change
Jun 26, 2024 Sold $540,000
Jul 6, 2020 New Listing Added $469,990

Market Statistics

Days on Market
20 days
Price per Sq Ft
$489

Tax History

Year Taxes Assessment
2020 $99,999 $999,999

Financial Details

Annual Property Tax
$99,999
Tax Year 2020
HOA Fee
$150
Monthly
Assessed Value
$999,999

Listing Information

Listing Agent The Elle Group
Listing Office Cameron Prestige, LLC
Agent MLS ID TM339280
Office MLS ID AN4281
Listing Data Updated Sep 4, 2020 12:21 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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