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245 Lafayette Street # 1A, Salem MA 01970

Salem, MA 01970
$365,000
Est. $2,612/month
2
Beds
1
Baths
859
Sq Ft
$425
Price/Sq Ft
1971
Year Built
29
Days on Market
Closed Listed Sep 30, 2025 • MLS# 73437560 Copied!

About this home

Conveniently located within walking distance to downtown, only a few blocks to Salem State University, and on the bus line. 245 Lafayette Street, Unit #1A is a 2 bedroom 1 bath first floor condominium featuring a private deck and 1 car parking. The building has professional management, an elevator, lower level common laundry, a separate storage space, and separate heating and hot water systems. The kitchen was redone about 20 years ago. The main living area, which includes an open living room/dining area has hard wood flooring has direct access to the private deck. The 2 bedrooms have newly installed wall-to-wall carpeting. 245 Lafayette Street also offers ease of commuting access to Salem Hospital, major roadways, train and bus service, as well as the "Vibrant" lifestyle of Salem's downtown. Please reach out for an appointment or with any questions you may have.

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $379,900
Final Sale Price: $365,000
Difference: $14,900 (-3.9%)
Performance Metrics
96.1%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $442
Sale $/sq ft: $425
This property sold for $425 per square foot
Sale Summary

This property sold for 3.9% below the original asking price.

With only 29 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
$425/sq ft
Area Average
$384/sq ft
Difference
+10.5%

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 859 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard
Cooling None
Flooring Wood, Carpet
Appliances Range, Dishwasher, Refrigerator
Fireplace None
Basement Y
Laundry In Building
Features None

Exterior

Construction None
Architecture None
Roof Other
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Off Street, Paved
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,955
Assessed Value $348,800

Interior Features

Flooring: Wood, Carpet
Appliances: Range, Dishwasher, Refrigerator
Interior Features:
Windows:
Basement: Y
Laundry: In Building
Security: Intercom

Construction & Materials

Year Built: 1971
Effective Year (Renovated): 1971
Structure Type: Garden
Exterior Materials:
Roof: Other
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

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

Location

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Neighborhood

245 Lafayette Street # 1A, 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
1.1 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
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Principal, interest, taxes & insurance
Loan Amount
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Total Interest
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Over life of loan
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $330
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

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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.

Property History

Market Insights

3.9%
Price Range
31
Total Days on Market

Property Timeline

Sold
Nov 20, 2025
$365,000
Property sold
Days on Market: 31
🏠
Listed for Sale
Sep 30, 2025
$379,900
Original listing
Agent: Mary Stewart & Heather Kaznoski Office: Compass

Price & Status History

Date Event Price Change
Sep 30, 2025 New Listing Added $379,900

Market Statistics

Days on Market
29 days
Price per Sq Ft
$425

Tax History

Year Taxes Assessment
2025 $3,955 $348,800

Financial Details

Annual Property Tax
$3,955
Tax Year 2025
HOA Fee
$237
Monthly
Assessed Value
$348,800

Listing Information

Listing Agent Mary Stewart & Heather Kaznoski
Listing Office Compass
Agent MLS ID TM305558
Office MLS ID AN6818
Listing Data Updated Nov 24, 2025 2:40 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

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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