Dimensions4.75 x 8.166666666
FeaturesBathroom - With Tub & Shower
LevelFirst
245 Lafayette Street # 1A, Salem MA 01970
Salem, MA 01970
$365,000
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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 15 similar properties sold within 0.5 miles in the last 90 days
This Property
$425/sq ft
Area Median
$297/sq ft
Difference
+43.2%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
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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Recently Sold Nearby
Property History
Market Insights
44.2%
Price Range
31
Total Days on Market
1
Previous Sales
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
Previous Transaction - MLS #70112584
Full transaction history available when tracking began
Previously Sold
Jun 27, 2005
$212,000
MLS #70112584
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/20/2025 | ✓ Sold | $365,000 | - | - | Property sold |
| 09/30/2025 | 🏠 Listed for Sale | $379,900 | - | - | Original listing |
| 06/27/2005 | 🏷️ Previously Sold | $212,000 | - | - | MLS #70112584 |
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
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
HOA & Community
HOA Fee
$237 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
14
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
1A
Sq Ft Source
Field Card
Sq Ft Disclosures
Measurements are approximate and for marketing purposes only.
Documents
Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)
County
Essex
Total market time (incl. prior listings)
31 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
859 sq ft
Total Rooms
4
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Finished Area
859 sq ft above grade
Dimensions11.416666666 x 12.083333333
FeaturesFlooring - Wood
LevelFirst
Dimensions8.083333333 x 10.5
FeaturesFlooring - Vinyl
LevelFirst
Dimensions10.333333333 x 14.833333333
FeaturesCloset, Flooring - Wall to Wall Carpet
LevelFirst
Dimensions12.416666666 x 16.333333333
FeaturesFlooring - Wood, Deck - Exterior
LevelFirst
Dimensions10.583333333 x 17.916666666
FeaturesWalk-In Closet(s), Flooring - Wall to Wall Carpet
LevelFirst
FeaturesNo
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (2)
DDining (1)
KKitchen (1)
BRBedroom (2)
LLiving (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
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
Elementary Schools
3 schools
C+
Saltonstall School
0.2 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
The Greenhouse School
0.9 mi
Grades PK-08
C
Horace Mann Laboratory School
1.0 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
3 schools
B-
Collins Middle School
0.8 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
1.3 mi
|
#266 of 825
|
Score: 51.8
Dropped 77 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
A-
Marblehead Veterans Middle School
1.7 mi
|
#88 of 352
|
Score: 50.8
Dropped 35 spots from last year
-7.4 below state avg
347 students
Moderate
Grades 07-08
High Schools
3 schools
B+
Salem Academy Charter School
0.5 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.0 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 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
|
#82 of 346
|
Score: 62.5
Dropped 39 spots from last year
+4.3 above state avg
807 students
Moderate
20 sports
• 2,426 athletes
Strong AP Program
High Graduation Rate
Career Tech Programs
College Ready Curriculum
Grades 09-12
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Location
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Neighborhood
245 Lafayette Street # 1A, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Mary Stewart & Heather Kaznoski
Listing Office
Compass
Office Phone
781-534-9229
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.
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