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245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970
$255,000
Est. $1,962/month
2
Beds
1
Baths
881
Sq Ft
$289
Price/Sq Ft
0.55
Acres
1971
Year Built
82
Days on Market
Closed Listed Jul 21, 2018 • MLS# 72366173 Copied!

About this home

Stop renting! Move right into this clean, spacious, garden style 2-bedroom condo close to Salem State, shopping and commuter rail. Gleaming hardwood floors in dining and living space, freshly painted interior, newer windows, newer sliding glass door to balcony, brand new refrigerator, and brand new disposal. Plus, stackable washer/dryer in unit stays! Walk-in closet in master bedroom and nicely tiled bath. Located on the first floor in the rear corner of the building. Non-smoking property, professionally managed building with elevator in building. Security cameras at the entrances. Deeded parking space and deeded storage unit in basement. Pets are allowed but they may require board approval. Building has new hot water system; hot water and water included in condo fee.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $259,900
Final Sale Price: $255,000
Difference: $4,900 (-1.9%)
Performance Metrics
98.1%
List to Sale Ratio
Sold below asking price
82
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $295
Sale $/sq ft: $289
This property sold for $289 per square foot
Sale Summary

This property sold for 1.9% below the original asking price.

The property spent 82 days on market before selling.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$289/sq ft
Area Average
$384/sq ft
Difference
24.8%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1971
Living Area 881 sq ft
Lot Size 0.55 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s)
Flooring Carpet, Hardwood
Appliances Range, Disposal, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement Y
Laundry Common Area
Features None

Exterior

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

Parking

Features Off Street, Deeded, Paved
Total Spaces 1

Utilities

Electric 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, Icemaker Connection

Financial

Annual Tax $2,831
Assessed Value $184,100

Interior Features

Flooring: Carpet, Hardwood
Appliances: Range, Disposal, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Common Area
Security: Intercom, Other

Construction & Materials

Year Built: 1971
Effective Year (Renovated): 2002
Structure Type: Garden
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded, Paved

Location

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Neighborhood

245 Lafayette St # 1E, 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
0.2 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 Greenhouse School
0.9 mi
Grades PK-08
C-
Horace Mann Laboratory School
1.0 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
M

Middle Schools

3 schools
C+
Collins Middle School
0.8 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
1.3 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
1.7 mi | #83 of 352 | Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students Less Diverse
Grades 07-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.5 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
1.0 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
A-
Marblehead High School
1.7 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
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 $236
Homeowners Insurance $200
HOA Fee $237/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

38.6%
Price Range
85
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73317269
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 17, 2025
$415,000
MLS #73317269
Sold
Nov 15, 2018
$255,000
Property sold
Days on Market: 85
🏠
Listed for Sale
Jul 21, 2018
$259,900
Original listing
Agent: Kaitlin Martel Office: Martel Real Estate

Price & Status History

Date Event Price Change
Jan 17, 2025 Sold $415,000
Jul 21, 2018 New Listing Added $259,900

Market Statistics

Days on Market
82 days
Price per Sq Ft
$289

Tax History

Year Taxes Assessment
2018 $2,831 $184,100

Financial Details

Annual Property Tax
$2,831
Tax Year 2018
HOA Fee
$237
Monthly
Assessed Value
$184,100

Listing Information

Listing Agent Kaitlin Martel
Listing Office Martel Real Estate
Agent MLS ID CN221779
Office MLS ID C63200
Listing Data Updated Nov 15, 2018 12:38 PM EST
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

245 Lafayette St # 1E, Salem MA 01970 - Photo 1 245 Lafayette St # 1E, Salem MA 01970 - Photo 2 245 Lafayette St # 1E, Salem MA 01970 - Photo 3 245 Lafayette St # 1E, Salem MA 01970 - Photo 4 245 Lafayette St # 1E, Salem MA 01970 - Photo 5 245 Lafayette St # 1E, Salem MA 01970 - Photo 6 245 Lafayette St # 1E, Salem MA 01970 - Photo 7 245 Lafayette St # 1E, Salem MA 01970 - Photo 8 245 Lafayette St # 1E, Salem MA 01970 - Photo 9 245 Lafayette St # 1E, Salem MA 01970 - Photo 10 245 Lafayette St # 1E, Salem MA 01970 - Photo 11 245 Lafayette St # 1E, Salem MA 01970 - Photo 12 245 Lafayette St # 1E, Salem MA 01970 - Photo 13 245 Lafayette St # 1E, Salem MA 01970 - Photo 14 245 Lafayette St # 1E, Salem MA 01970 - Photo 15 245 Lafayette St # 1E, Salem MA 01970 - Photo 16
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