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18 Ocean Terrace # 2, Salem MA 01970

Salem, MA 01970
$410,000
Est. $2,957/month
2
Beds
2
Baths
1,505
Sq Ft
$272
Price/Sq Ft
0.19
Acres
1900
Year Built
-1
Days on Market
Closed Listed Aug 27, 2017 • MLS# 72219493 Copied!

About this home

Welcome home to this stunning Salem condo with water views. Fully renovated in 2013/14 with all the bells and whistles while still maintaining the charm of its period features. Enjoy your modern open space kitchen with new energy efficient/stainless steel appliances and granite counters. Plenty of storage in kitchen and throughout unit with customer built-ins and walk-in-closet in master, 2 full baths with ceramic tiles and custom finishes.Custom doors lead you to a large sun drenched balcony where you can enjoy overlooking the harbor and tree lined streets.Spend winters cuddled up by the fireplace.Private patio for grill. Great location with a quick walk to Forest River Park and Glendale Park . Easy access to all Salem has to offer including downtown, restaurants, public transport, shopping and other area amenities.2 deeded parking spots w/ extra parking which includes garage w/ additional storage and space in basement.This really is a special unit, a must see!Quick close possible

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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

Sale Statistics

Sale Overview
Original List Price: $410,000
Final Sale Price: $410,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
-1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $272
Sale $/sq ft: $272
This property sold for $272 per square foot
Sale Summary

This property sold exactly at the asking price.

With only -1 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$272/sq ft
Area Average
$323/sq ft
Difference
15.8%

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

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 Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace Bedroom
Fireplaces 1
Basement Y
Laundry None
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Assigned, Deeded
Total Spaces 3

Utilities

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

Financial

Annual Tax $5,681
Assessed Value $358,200

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type: Garden
Exterior Materials: Frame
Roof:
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
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 3
Parking Features: Detached, Assigned, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Bedroom
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, University

Location

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Neighborhood

18 Ocean Terrace # 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
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $473
Homeowners Insurance $200
HOA Fee $211/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

41.9%
Price Range
1
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73495114
Full transaction history available when tracking began
🏡
Currently Listed
Apr 21, 2026
$659,900
MLS #73495114 - Active
Previous Transaction - MLS #72336964
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 26, 2018
$447,000
MLS #72336964
Sold
Sep 29, 2017
$410,000
Property sold
Days on Market: 1
🏠
Listed for Sale
Aug 27, 2017
$410,000
Original listing
Agent: Constantina Tzortzis Office: Coldwell Banker Residential Brokerage - Topsfield
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 Sold $659,900
Sep 26, 2018 Sold $447,000
Aug 27, 2017 New Listing Added $410,000
Jan 22, 2016 Sold $383,500

Market Statistics

Days on Market
-1 days
Price per Sq Ft
$272

Tax History

Year Taxes Assessment
2017 $5,681 $358,200

Financial Details

Annual Property Tax
$5,681
Tax Year 2017
HOA Fee
$211
Monthly
Assessed Value
$358,200

Listing Information

Listing Agent Constantina Tzortzis
Listing Office Coldwell Banker Residential Brokerage - Topsfield
Agent MLS ID CT008461
Office MLS ID C75300
Listing Data Updated Sep 29, 2017 11:11 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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