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18 Ocean Ter # 2, Salem MA 01970

Salem, MA 01970
$659,900
Est. $4,347/month
2
Beds
2
Baths
1,505
Sq Ft
$438
Price/Sq Ft
0.19
Acres
1900
Year Built
11 hours 54 minutes
Time on Market
Active Open House Listed Apr 21, 2026 • MLS# 73495114 Copied!

About this home

This enchanting 1505 sq ft, two-bedroom condo captures the essence of coastal living with sweeping harbor vistas and nestled in one of Salem's most desirable neighborhoods. Fully renovated in 2014, the residence gracefully blends period character with modern comfort. The open-concept kitchen features stainless steel appliances, elegant granite countertops, and thoughtfully designed custom cabinetry. Two full bathrooms showcase ceramic tile and refined finishes. The generous main bedroom includes a walk-in closet, while original architectural details throughout whisper of the home's heritage. Curl up by the wood-burning fireplace on crisp evenings, or wake up to step out onto the expansive balcony to take in the sunrise over the harbor and breathe in the ocean air. The private patio invites outdoor gatherings and deeded garage offers street level storage. Steps from Forest River Park's picturesque trails, beaches, and boat access, and yet still close to the rest of Salem's amenities.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,505 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Open House Schedule

26
Apr
Sunday, April 26
1:00 PM - 3:00 PM EDT
25
Apr
Saturday, April 25
1:00 PM - 3:00 PM EDT
23
Apr
Thursday, April 23
4:30 PM - 5:30 PM EDT
24
Apr
Friday, April 24
4:30 PM - 5:30 PM EDT

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,505 sq ft
Lot Size 0.19 acres
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Off Street, Deeded
Total Spaces 3

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $6,594
Assessed Value $581,500

Interior Features

Flooring: Wood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2014
Structure Type: Attached
Exterior Materials:
Roof:
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:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 3
Parking Features: Detached, Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Marina, Public School, T-Station, University

Location

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Neighborhood

18 Ocean Ter # 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 Greenhouse School
0.8 mi
Grades PK-08
The Phoenix School
1.4 mi
Grades PK-08
B-
Saltonstall School
0.4 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
1.1 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
C+
Bentley Academy Innovation School
1.5 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
1.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.7 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
2.1 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
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
0.6 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
1.2 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
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Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $550
Homeowners Insurance $200
HOA Fee $261/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
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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

41.9%
Price Range
3
Previous Sales

Property Timeline

🏠
Listed for Sale
Apr 21, 2026
$659,900
Original listing
Agent: Elizabeth Beaver Office: Leading Edge Real Estate
Previous Transaction - MLS #72336964
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 26, 2018
$447,000
MLS #72336964
Previous Transaction - MLS #72219493
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 29, 2017
$410,000
MLS #72219493
Previous Transaction - MLS #71599223
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 22, 2016
$383,500
MLS #71599223

Price & Status History

Date Event Price Change
Apr 21, 2026 New Listing Added $659,900
Sep 26, 2018 Sold $447,000
Sep 29, 2017 Sold $410,000
Jan 22, 2016 Sold $383,500

Market Statistics

Time on Market
11 hours 54 minutes
Price per Sq Ft
$438

Tax History

Year Taxes Assessment
2025 $6,594 $581,500

Financial Details

Annual Property Tax
$6,594
Tax Year 2025
HOA Fee
$261
Per month
Assessed Value
$581,500

Listing Information

Listing Agent Elizabeth Beaver
Listing Office Leading Edge Real Estate
Agent MLS ID CN241546
Office MLS ID AN7144
Listing Data Updated Apr 21, 2026 6:50 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

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