24 Norman Street # 305, Salem MA 01970

Salem, MA 01970
$331,000
Est. $1,762/month
1
Beds
1
Baths
615
Sq Ft
$538
Price/Sq Ft
1980
Year Built
Condominium
Type
44
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73245275

About this home

Indulge in the ultimate urban lifestyle with this magnificent corner loft, penthouse condo, located in the heart of the vibrant and historic downtown Salem. This beautiful, modern, open concept unit features a good size living space with a remodeled kitchen with granite countertops and newer appliances, Ship's Ladder to sleeping area, high wood-beamed ceilings, beautiful brick walls, gleaming hardwood floor, oversized windows, central AC and laundry in the building. Professionally managed, located at a short distance to the MBTA train station, great city views, amazing restaurants, great stores, museums, banks and Salem State College. Parking pass for one car at Riley Plaza.

Sale Statistics

Sale Overview
Original List Price: $314,000
Final Sale Price: $331,000
Difference: +$17,000 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $511
Sale $/sq ft: $538
This property sold for $538 per square foot
Sale Summary

This property sold for 5.4% above the original asking price, indicating strong buyer demand.

The property spent 44 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1980
Bedrooms
1
Full Bathrooms
1
Living Area
615 sq ft
Total Rooms
3
Stories
2
Entry Level
3

Interior Features

Flooring
Wood, Tile, Carpet
Heating
Electric
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Basement Details
N

Exterior & Structure

Construction Materials
Brick, Stone
Roof
Rubber
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1

Utilities & Systems

Utilities Available
for Electric Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, Public School, University
HOA Fee
$240
HOA Fee Frequency
Monthly
Association Amenities
Laundry
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,898
Tax Year
2024
Tax Assessed Value
$249,400
Parcel Number
2132650
Zoning
RS

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
24 Norman Street Condominium
Common Walls
No One Above, Corner
Attached Property
Yes

Location

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Neighborhood

24 Norman Street # 305, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $242
Homeowners Insurance $200
HOA Fee $240
PMI $0

Property History

Market Insights

9.7%
Price Range
36
Total Days on Market

Property Timeline

Sold
Aug 15, 2024
$331,000
Property sold
Days on Market: 36
🏠
Listed for Sale
May 31, 2024
$299,000
Original listing
Agent: Alvarado Group Office: StartPoint Realty & Associates

Price & Status History

Date Event Price Change
May 31, 2024 New Listing Added $299,000

Market Statistics

Days on Market
44 days
Price per Sq Ft
$538

Tax History

Year Taxes Assessment
2024 $2,898 $249,400

Financial Details

Annual Property Tax
$2,898
Tax Year 2024
HOA Fee
$240
Monthly
Assessed Value
$249,400

Listing Information

Listing Agent Alvarado Group
Listing Office StartPoint Realty & Associates
Agent MLS ID TM326520
Office MLS ID AN7223

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