Welcome to this spacious and meticulously updated single-family bungalow with a legal and permanent ADU/in-law suite, nestled in the heart of Salem. With five total bedrooms and three and a half baths, this home has been completely reimagined with brand new plumbing, electric, dual-zone high efficiency heating and cooling, tankless on-demand hot water heater and more. The lower level in-law suite or ADU, with separate entrances, contains a kitchen with stainless high-end appliances and quartz countertops, generous living space, two bedrooms, one bath with tiled shower and laundry. The first level features a spacious living and dining room, modern kitchen with stainless high-end appliances, quartz countertops, main bedroom with private 3/4 bath and walk-in closet, and 1/2 bath with laundry. Two additional bedrooms, office nook, multiple walk-in closets and 3/4 bath on the second level.
Sale Statistics
Sale Overview
Original List Price:$859,000
Final Sale Price:$902,000
Difference:
+$43,000 (+5.0%)
Performance Metrics
105.0%
List to Sale Ratio
Sold above asking price
36
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:$288
Sale $/sq ft:$302
This property sold for $302 per square foot
Sale Summary
This property sold for 5.0% above the original asking price, indicating strong buyer demand.
The property spent 36 days on market before selling.
Gas Water Heater, Tankless Water Heater, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range, Stainless Steel Appliance(s)
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Private School, Public School, T-Station, University
HOA
No
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,331
Tax Year
2023
Tax Assessed Value
$426,100
Parcel Number
2130830
Zoning
R1
Additional Details
Year Built Source
Public Records
Year Built Details
Renovated Since
Attached Property
No
Disclosures
Permanent ADU Certificate of Occupancy for in-law. Recorded Affordable Housing Restriction (see attachments). Owner-occupancy required for rental of ADU. Buyer to perform all due diligence as to ADU rental requirements. Seller may accept offer at any time. Listing agent is related to seller.
Location
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Neighborhood
25 Willson Street, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$444
Homeowners Insurance$200
PMI$0
Property History
Market Insights
4.8%
Price Range
21
Total Days on Market
Property Timeline
✓
Sold
Mar 5, 2024
$902,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Jan 23, 2024
$859,000
Original listing
Agent: Jenna Lovely BuonfiglioOffice: The Lovely Advisory LLC
