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24 Norman Street # 103, Salem MA 01970

Salem, MA 01970
$285,000
Est. $2,089/month
1
Beds
1
Baths
542
Sq Ft
$526
Price/Sq Ft
1980
Year Built
40
Days on Market
Closed Listed Jun 4, 2024 • MLS# 73246884 Copied!

About this home

Welcome to Salem, Massachusetts! Quaint condo in the heart of the City. Unit 103 is open and light filled, with a lovely updated kitchen with stainless steel appliances, and granite counter tops, wooden cabinetry with a stone back splash. Large living room with extra large windows and exposed brick, bringing in an abundance of light. The bathroom is also updated, and tastefully done. Come enjoy the history, museums, libraries, restaurants, ocean breezes & more! Close to the train station and bus stop! Easy access to major commuter routes. Don't miss the opportunity to make this your home or getaway!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
1
Full Bathrooms
1
Living Area
542 sq ft
Total Rooms
1
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $314,000
Final Sale Price: $285,000
Difference: $29,000 (-9.2%)
Performance Metrics
90.8%
List to Sale Ratio
Sold below asking price
40
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $579
Sale $/sq ft: $526
This property sold for $526 per square foot
Sale Summary

This property sold for 9.2% below the original asking price.

The property spent 40 days on market before selling.

Nearby Sales Comparison

Based on 21 similar properties sold within 0.5 miles in the last 90 days

This Property
$526/sq ft
Area Average
$381/sq ft
Difference
+37.9%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 542 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 1

Interior

Heating Heat Pump, Electric, Unit Control
Cooling Heat Pump, Unit Control
Flooring Tile, Carpet, Engineered Hardwood, Flooring - Wall To Wall Carpet
Appliances Range, Disposal, Refrigerator
Fireplace None
Basement N
Laundry None
Features Closet, Loft

Exterior

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

Parking

Features Off Street, On Street, Leased
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $2,661
Assessed Value $229,000

Interior Features

Flooring: Tile, Carpet, Engineered Hardwood, Flooring - Wall to Wall Carpet
Appliances: Range, Disposal, Refrigerator
Interior Features: Closet, Loft
Windows:
Basement: N
Laundry:
Security: Intercom

Construction & Materials

Year Built: 1980
Structure Type: Mid-Rise
Exterior Materials: Frame, Brick, Stone
Roof: Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Heat Pump, Electric, Unit Control
Heating Zones: 1
Cooling: Heat Pump, Unit Control
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

Total Parking Spaces: 1
Parking Features: Off Street, On Street, Leased

Location

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Neighborhood

24 Norman Street # 103, 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

3 schools
B-
Saltonstall School
0.5 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
The Phoenix School
0.7 mi
Grades PK-08
B-
Carlton School
0.9 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

2 schools
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
B+
Village School
1.9 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 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
Bishop Fenwick High School
1.6 mi
17 sports • 1,390 athletes
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 $222
Homeowners Insurance $200
HOA Fee $226/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

5%
Price Range
41
Total Days on Market

Property Timeline

Sold
Aug 8, 2024
$285,000
Property sold
Days on Market: 41
🏠
Listed for Sale
Jun 4, 2024
$299,900
Original listing
Agent: Daniel Meegan Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Jun 4, 2024 New Listing Added $299,900

Market Statistics

Days on Market
40 days
Price per Sq Ft
$526

Tax History

Year Taxes Assessment
2024 $2,661 $229,000

Financial Details

Annual Property Tax
$2,661
Tax Year 2024
HOA Fee
$226
Monthly
Assessed Value
$229,000

Listing Information

Listing Agent Daniel Meegan
Listing Office J. Barrett & Company
Agent MLS ID BB809158
Office MLS ID AC2087
Listing Data Updated Aug 14, 2024 11:24 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

24 Norman Street # 103, Salem MA 01970 - Photo 1 24 Norman Street # 103, Salem MA 01970 - Photo 2 24 Norman Street # 103, Salem MA 01970 - Photo 3 24 Norman Street # 103, Salem MA 01970 - Photo 4 24 Norman Street # 103, Salem MA 01970 - Photo 5 24 Norman Street # 103, Salem MA 01970 - Photo 6 24 Norman Street # 103, Salem MA 01970 - Photo 7 24 Norman Street # 103, Salem MA 01970 - Photo 8 24 Norman Street # 103, Salem MA 01970 - Photo 9 24 Norman Street # 103, Salem MA 01970 - Photo 10 24 Norman Street # 103, Salem MA 01970 - Photo 11 24 Norman Street # 103, Salem MA 01970 - Photo 12 24 Norman Street # 103, Salem MA 01970 - Photo 13
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