245 Lafayette St # 3B, Salem MA 01970

Salem, MA 01970 • South Salem
$465,000
Est. $3,151/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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2
Beds
1
Baths
874
Sq Ft
$532
Price/Sq Ft
0.55
Acres
1971
Year Built
1
Parking
New today
Time on Market
For Sale Open House Listed Nov 11, 2026 • MLS# 73601231 Copied! • Updated Nov 11, 2026

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Open House Schedule

15
Nov
Sunday, November 15
11:30 AM - 1:30 PM EST
14
Nov
Saturday, November 14
2:00 PM - 4:00 PM EST

About this home

Move right into this beautifully updated, sun-filled top-floor condo in a convenient South Salem location! This bright and inviting 2-bedroom unit offers an open living and dining area with hardwood flooring throughout and access to a private balcony. The kitchen features granite countertops and stainless steel appliances, while the newly renovated full bathroom offers a fresh, modern feel. The primary bedroom features a spacious walk-in closet, providing excellent storage. Additional highlights include in-unit laundry, elevator access, extra storage, and one off-street parking space. Located in a professionally managed, non-smoking building near Salem State University, downtown Salem, shops, restaurants, and public transportation. Enjoy low-maintenance condo living with easy access to all that Salem has to offer!

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Recently Sold Nearby

Price & Status History

Market Insights

55.7%
Price Range
2
Previous Sales

Property Timeline

🏠
Listed for Sale
Nov 11, 2026
$465,000
Original listing
Agent: Christopher Comeau Office: Real Estate 109
Previous Transaction - MLS #72630214
Full transaction history available when tracking began
🏷️
Previously Sold
May 1, 2020
$280,000
MLS #72630214
Previous Transaction - MLS #30697964
Full transaction history available when tracking began
🏷️
Previously Sold
May 30, 2003
$206,000
MLS #30697964

Tax History

Year Taxes Assessment
2026 $3,929 $364,500

Financial Details

Annual Property Tax
$3,929
Tax Year 2026
HOA Fee
$272
Monthly
Assessed Value
$364,500

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1971
Living Area 874 sq ft
Lot Size 0.55 acres
Stories 1
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Laundry Closet, Flooring - Stone/ceramic Tile, Electric Dryer Hookup, Washer Hookup, Third Floor, In Building, In Unit
Features Central Vacuum, Elevator

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Deeded
Total Spaces 1
Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup
Annual Tax $3,929
Assessed Value $364,500

HOA & Community

HOA Fee $272 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities Hot Water, Laundry, Elevator(s)
Optional Fee Includes None
Pets Yes w/ Restrictions
Lead Paint Unknown
Seller Disclosures Listing Agent Is Broker Owner. Parking Space #5
Possession None
Accepted Financing None
Structure Type ["Low-Rise"]
Unit/Building 3B
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs, Association Financial Statements, Certificate Of Insurance (5)
County Essex

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
874 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Floor Layout

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Central Vacuum, Elevator
Windows:
Basement: Y
Laundry: Laundry Closet, Flooring - Stone/Ceramic Tile, Electric Dryer Hookup, Washer Hookup, Third Floor, In Building, In Unit
Security: Intercom

Construction & Materials

Year Built: 1971
Effective Year (Renovated): 2002
Structure Type: Low-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Utilities & Systems

Heating: Baseboard, Natural Gas
Heating Zones: 1
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, Deeded

Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $327
Homeowners Insurance $200
HOA Fee $272/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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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.

Location

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Neighborhood

South Salem

245 Lafayette St # 3B, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Christopher Comeau
Listing Office Real Estate 109
Office Phone 617-489-5110
Agent MLS ID CT004728
Office MLS ID BB5170
Listing Data Updated Nov 11, 2026 4:31 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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