BMN Boston

Get our mobile app!

Download on the App Store

245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970
$415,000
Est. $2,867/month
2
Beds
1
Baths
881
Sq Ft
$471
Price/Sq Ft
0.55
Acres
1971
Year Built
13
Days on Market
Closed Listed Dec 4, 2024 • MLS# 73317269 Copied!

About this home

Welcome to this newly refreshed condo at 245 Lafayette St in historic Salem. This PET FRIENDLY condo has been entirely repainted and features new carpets in the bedrooms with gleaming hardwood floors in the living areas. Immediately upon entering the condo you will take notice of the spacious living area with hardwood floors and direct access to your private balcony. An updated kitchen is located just off the dining area. Down the hall is a spacious primary bedroom with a walk in closest. The second generous-sized bedroom also features a custom closet. The IN UNIT washer/dryer is located within the bathroom. One deed parking space and additional private storage complete this unique condo offering. This condo offers easy access to all Salem has to offer. Located just a couple of blocks from Palmer Cove, a 10 minute walk to Forest River Park, and close proximity to all the attractions and restaurants in the bustling Salem downtown area.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $395,000
Final Sale Price: $415,000
Difference: +$20,000 (+5.1%)
Performance Metrics
105.1%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $448
Sale $/sq ft: $471
This property sold for $471 per square foot
Sale Summary

This property sold for 5.1% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 9 similar properties sold within 0.5 miles in the last 90 days

This Property
$471/sq ft
Area Average
$336/sq ft
Difference
+40.2%

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 1971
Living Area 881 sq ft
Lot Size 0.55 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s)
Flooring Carpet, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit
Features None

Exterior

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

Parking

Features Off Street, Assigned, Deeded, Paved
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,983
Assessed Value $342,800

Interior Features

Flooring: Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1971
Structure Type: Garden, Low-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Wall Unit(s)
Cooling Zones: 3
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, Assigned, Deeded, Paved

Location

Loading map...

Neighborhood

245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Nearby Schools

School information not available for this location.

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 $332
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

4.8%
Price Range
14
Total Days on Market

Property Timeline

Sold
Jan 17, 2025
$415,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Dec 4, 2024
$395,000
Original listing
Agent: Michael Hegarty Office: Premier Realty Group, Inc.

Price & Status History

Date Event Price Change
Dec 4, 2024 New Listing Added $395,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$471

Tax History

Year Taxes Assessment
2024 $3,983 $342,800

Financial Details

Annual Property Tax
$3,983
Tax Year 2024
HOA Fee
$237
Monthly
Assessed Value
$342,800

Listing Information

Listing Agent Michael Hegarty
Listing Office Premier Realty Group, Inc.
Agent MLS ID CT002733
Office MLS ID B95198
Listing Data Updated Jan 17, 2025 5:34 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

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 16 245 Lafayette St # 1E, Salem MA 01970 - Photo 17 245 Lafayette St # 1E, Salem MA 01970 - Photo 18 245 Lafayette St # 1E, Salem MA 01970 - Photo 19 245 Lafayette St # 1E, Salem MA 01970 - Photo 20 245 Lafayette St # 1E, Salem MA 01970 - Photo 21 245 Lafayette St # 1E, Salem MA 01970 - Photo 22 245 Lafayette St # 1E, Salem MA 01970 - Photo 23 245 Lafayette St # 1E, Salem MA 01970 - Photo 24 245 Lafayette St # 1E, Salem MA 01970 - Photo 25 245 Lafayette St # 1E, Salem MA 01970 - Photo 26 245 Lafayette St # 1E, Salem MA 01970 - Photo 27 245 Lafayette St # 1E, Salem MA 01970 - Photo 28 245 Lafayette St # 1E, Salem MA 01970 - Photo 29 245 Lafayette St # 1E, Salem MA 01970 - Photo 30 245 Lafayette St # 1E, Salem MA 01970 - Photo 31 245 Lafayette St # 1E, Salem MA 01970 - Photo 32
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour