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245 Lafayette St # 3G, Salem MA 01970

Salem, MA 01970
$330,000
Est. $2,387/month
2
Beds
1
Baths
881
Sq Ft
$375
Price/Sq Ft
1971
Year Built
18
Days on Market
Closed Listed May 5, 2021 • MLS# 72825845 Copied!

About this home

Bright and Sunny Penthouse unit offers two bedrooms, a private balcony, in-unit laundry and off-street parking. This desirable condo features expansive rooms, hardwood floors throughout, crown molding, ceiling fans, Havey windows, fresh paint and AC. Updated kitchen complete with stainless steel appliances, upgraded cabinets and ample counter space. Tranquility welcomes you into your large master bedroom with a generous-sized walk-in closet and large windows. Enjoy carefree living in this professionally managed, non-smoking, brick building. Conveniently located to Downtown Salem, Historic Waterfront, shops, restaurants and Salem State University. Additional amenities include elevator access, exclusive storage, low condo fee that includes Hot Water and it's PET friendly too. Grab this one before it's gone!**Open House Sunday 11-1pm**

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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
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $309,900
Final Sale Price: $330,000
Difference: +$20,100 (+6.5%)
Performance Metrics
106.5%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $352
Sale $/sq ft: $375
This property sold for $375 per square foot
Sale Summary

This property sold for 6.5% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$375/sq ft
Area Average
$384/sq ft
Difference
2.5%

This property sold near the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1971
Living Area 881 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s), Individual
Flooring Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit
Features None

Exterior

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

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,375
Assessed Value $244,600

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Third Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1971
Structure Type: Low-Rise
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Wall Unit(s), Individual
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

Location

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Neighborhood

245 Lafayette St # 3G, 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 $281
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

20.5%
Price Range
20
Total Days on Market

Property Timeline

Current Active Listing - MLS #73518542
Full transaction history available when tracking began
🏡
Currently Listed
May 14, 2026
$389,900
MLS #73518542 - Active
Sold
Jun 15, 2021
$330,000
Property sold
Days on Market: 20
🏠
Listed for Sale
May 5, 2021
$309,900
Original listing
Agent: Zoe Karademos Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
May 14, 2026 Sold $389,900
May 5, 2021 New Listing Added $309,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$375

Tax History

Year Taxes Assessment
2021 $3,375 $244,600

Financial Details

Annual Property Tax
$3,375
Tax Year 2021
HOA Fee
$237
Monthly
Assessed Value
$244,600

Listing Information

Listing Agent Zoe Karademos
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C8000311
Office MLS ID AN6191
Listing Data Updated Jun 16, 2021 7:52 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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