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254 Lafayette Street # 3F, Salem MA 01970

Salem, MA 01970
$515,000
Est. $3,612/month
2
Beds
1
Baths
1,145
Sq Ft
$450
Price/Sq Ft
0.39
Acres
1888
Year Built
5
Days on Market
Closed Listed Mar 27, 2024 • MLS# 73216693 Copied!

About this home

Filled with Salem spirit! This highly coveted penthouse unit is located minutes from the heart of town. Well-maintained 2 bedroom home has an abundance of historic charm, including a spectacular turret with Ceiling to floor shelves, and enormous original curved glass windows, waiting for you and your decorating touches. This condo features hard wood floors and in unit laundry! Unit includes personal deck off kitchen. Additional storage area in basement. Close proximity to the Boston ferry and commuter rail station make this a true commuter’s dream. Come see why Salem is a vibrant community of thriving shops, arts & culture, dining & entertainment, and history!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1888
Bedrooms
2
Full Bathrooms
1
Living Area
1,145 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $479,000
Final Sale Price: $515,000
Difference: +$36,000 (+7.5%)
Performance Metrics
107.5%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $418
Sale $/sq ft: $450
This property sold for $450 per square foot
Sale Summary

This property sold for 7.5% above the original asking price, indicating strong buyer demand.

With only 5 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
$450/sq ft
Area Average
$330/sq ft
Difference
+36.5%

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 1888
Living Area 1,145 sq ft
Lot Size 0.39 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s), None
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Features Off Street, Deeded
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,869
Assessed Value $419,000

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Storm Window(s)
Basement: N
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1888
Effective Year (Renovated): 2007
Structure Type: Mid-Rise, Attached
Exterior Materials: Frame
Roof: Shingle, Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: Window Unit(s), None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Deeded

Location

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Neighborhood

254 Lafayette Street # 3F, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $406
Homeowners Insurance $200
HOA Fee $402/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

7%
Price Range
6
Total Days on Market

Property Timeline

Sold
May 9, 2024
$515,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Mar 27, 2024
$479,000
Original listing
Agent: Claire Abate Office: Keller Williams Realty

Price & Status History

Date Event Price Change
Mar 27, 2024 New Listing Added $479,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$450

Tax History

Year Taxes Assessment
2024 $4,869 $419,000

Financial Details

Annual Property Tax
$4,869
Tax Year 2024
HOA Fee
$402
Monthly
Assessed Value
$419,000

Listing Information

Listing Agent Claire Abate
Listing Office Keller Williams Realty
Agent MLS ID BB810609
Office MLS ID BB4624
Listing Data Updated May 16, 2024 7:05 AM EDT
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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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