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15 Cabot St # 2, Salem MA 01970

Salem, MA 01970
$540,000
Est. $3,588/month
3
Beds
2
Baths
971
Sq Ft
$556
Price/Sq Ft
0.11
Acres
1925
Year Built
19
Days on Market
Closed Listed May 22, 2024 • MLS# 73241451 Copied!

About this home

Open House Cancelled. Seller accepted an offer. Offering a perfect blend of comfort, style, and convenience. Don’t miss out on this unique opportunity to live in one of Salem’s most desirable areas. Schedule a viewing today and make this beautiful condo your new home! Discover this exceptional 3-BR, 2-bathroom condo perfectly situated in the heart of Salem, offering unparalleled convenience and modern amenities. This home is within proximity to the commuter rail, Salem State University, and all the vibrant urban and maritime attractions that Salem has to offer. Key features: Spacious MB complete with an upgraded ensuite bathroom, Open concept living and dining space, featuring an ultra-modern FP with a stylish shiplap accent wall, upgraded kitchen featuring quartz Countertop, Shaker Cabinets, and GE Appliances. In unit laundry, extra storage, deeded detached garage 1 additional off-street space. Pets are welcome, making this the home for the entire family!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1925
Bedrooms
3
Full Bathrooms
2
Living Area
971 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $525,000
Final Sale Price: $540,000
Difference: +$15,000 (+2.9%)
Performance Metrics
102.9%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $541
Sale $/sq ft: $556
This property sold for $556 per square foot
Sale Summary

This property sold for 2.9% above the original asking price, indicating strong buyer demand.

With only 19 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 11 similar properties sold within 0.5 miles in the last 90 days

This Property
$556/sq ft
Area Average
$310/sq ft
Difference
+79.1%

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 1925
Living Area 971 sq ft
Lot Size 0.11 acres
Bedrooms 3
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood
Appliances Range, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Second Floor, In Unit, Washer Hookup
Features Center Hall

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck - Vinyl
Pool None
Spa None
Fencing None
Patio/Porch Deck - Exterior, Deck - Vinyl

Parking

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

Utilities

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

Financial

Annual Tax $5,795
Assessed Value $498,700

Interior Features

Flooring: Hardwood
Appliances: Range, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Center Hall
Windows: Insulated Windows
Basement: Y
Laundry: Second Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1925
Effective Year (Renovated): 2020
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Deck - Vinyl
Patio & Porch: Deck - Exterior, Deck - Vinyl
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Walk/Jog Trails

Location

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Neighborhood

15 Cabot 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 $483
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

2.8%
Price Range
21
Total Days on Market

Property Timeline

Sold
Jun 26, 2024
$540,000
Property sold
Days on Market: 21
🏠
Listed for Sale
May 22, 2024
$525,000
Original listing
Agent: Debra L. Lovelace Office: Churchill Properties

Price & Status History

Date Event Price Change
May 22, 2024 New Listing Added $525,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$556

Tax History

Year Taxes Assessment
2024 $5,795 $498,700

Financial Details

Annual Property Tax
$5,795
Tax Year 2024
HOA Fee
$175
Monthly
Assessed Value
$498,700

Listing Information

Listing Agent Debra L. Lovelace
Listing Office Churchill Properties
Agent MLS ID C8000245
Office MLS ID AN4955
Listing Data Updated Jun 26, 2024 1:38 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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