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18 Ocean Terrace # 2, Salem MA 01970

Salem, MA 01970 • Forest River
$447,000
Est. $3,164/month
2
Beds
2
Baths
1,505
Sq Ft
$297
Price/Sq Ft
0.19
Acres
1900
Year Built
58
Days on Market
Closed Listed May 31, 2018 • MLS# 72336964 Copied!

About this home

Welcome Home To Historical Salem. This impressive condo with water views from multiple rooms was fully renovated in 2013-2014 while still retaining many features of the past. Enjoy this modern, sofistocated 2 bedroom 2 bath condo with hardwood floors, granite counter tops and energy efficient stainless steel appliances. Feel the inviting flow of the open concept living area & enjoy peaceful views of the harbor from the sun-filled rear deck or warm up by the fire place on those chilly New England evenings. This unit also comes with an exclusive stone patio w/ stainless steel bbq grill & water view, 1 off street parking space, 1 garage space w/storage and additional storage in the basement. Only minutes from the beach, golf course, down town shops and restaurants or the MBTA. This condo is move in ready just waiting for its new owner to enjoy. A quick close is possible. The beach is less than a 1/4 mile away.(Don't forget your chairs and a cooler !)

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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: $449,000
Final Sale Price: $447,000
Difference: $2,000 (-0.4%)
Performance Metrics
99.6%
List to Sale Ratio
Sold below asking price
58
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $298
Sale $/sq ft: $297
This property sold for $297 per square foot
Sale Summary

This property sold for 0.4% below the original asking price.

The property spent 58 days on market before selling.

Nearby Sales Comparison

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

This Property
$297/sq ft
Area Average
$323/sq ft
Difference
8.1%

This property sold near the area average for similar homes.

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 Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Hardwood
Appliances Range, Oven, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Range Hood
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry In Unit
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Garage Door Opener, Storage, Off Street, Assigned, Deeded, Guest
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,690
Assessed Value $367,300

Interior Features

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

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2014
Structure Type: 2/3 Family
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:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Garage Door Opener, Storage, Off Street, Assigned, Deeded, Guest

Special Features

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

Location

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Neighborhood

Forest River

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 $474
Homeowners Insurance $200
HOA Fee $230/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
60
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
Sold
Sep 26, 2018
$447,000
Property sold
Days on Market: 60
🏠
Listed for Sale
May 31, 2018
$449,000
Original listing
Agent: Ron Messina Office: Keller Williams Realty Evolution
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 Sold $659,900
May 31, 2018 New Listing Added $449,000
Sep 29, 2017 Sold $410,000
Jan 22, 2016 Sold $383,500

Market Statistics

Days on Market
58 days
Price per Sq Ft
$297

Tax History

Year Taxes Assessment
2018 $5,690 $367,300

Financial Details

Annual Property Tax
$5,690
Tax Year 2018
HOA Fee
$230
Monthly
Assessed Value
$367,300

Listing Information

Listing Agent Ron Messina
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN216064
Office MLS ID C95098
Listing Data Updated Sep 27, 2018 8:27 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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