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256 Lafayette St # 3, Salem MA 01970

Salem, MA 01970
$371,000
Est. $3,008/month
1
Beds
2
Baths
1,032
Sq Ft
$359
Price/Sq Ft
1900
Year Built
5
Days on Market
Closed Listed Apr 24, 2024 • MLS# 73228324 Copied!

About this home

Step into this stylish loft-style condo in Salem, MA, offering 1 bedroom, 2 full bathrooms, and a loft area that will be perfect for a second bedroom. Bright living spaces feature exposed beams and plenty of natural light., while the open layout allows for versatile living arrangements. Ascend the staircase to the loft area, where you can create a cozy at home office or possible second bedroom. Enjoy the spacious main bedroom with walk in closet on the first level. This unit also come with washer and dryer on the first level for maximum convenience and ample storage space in the basement. Located in the heart of historic Salem, this condo offers urban living at its finest, with Salem State University, trendy shops, dining, Pioneer Village and attractions, just minutes away.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
1
Full Bathrooms
2
Living Area
1,032 sq ft
Total Rooms
4
Stories
2
Entry Level
2
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $369,900
Final Sale Price: $371,000
Difference: +$1,100 (+0.3%)
Performance Metrics
100.3%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $358
Sale $/sq ft: $359
This property sold for $359 per square foot
Sale Summary

This property sold for 0.3% 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
$359/sq ft
Area Average
$330/sq ft
Difference
+8.9%

This property sold slightly above the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,032 sq ft
Bedrooms 1
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling None
Flooring Vinyl, Flooring - Wall To Wall Carpet
Appliances None
Fireplace None
Basement N
Laundry None
Features Vaulted Ceiling(s), Lighting - Overhead, Bonus Room

Exterior

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

Parking

Features None
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,891
Assessed Value $420,900

Interior Features

Flooring: Vinyl, Flooring - Wall to Wall Carpet
Appliances:
Interior Features: Vaulted Ceiling(s), Lighting - Overhead, Bonus Room
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features:

Location

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Neighborhood

256 Lafayette St # 3, 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 $408
Homeowners Insurance $200
HOA Fee $524/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

15.9%
Price Range
6
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73391633
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 23, 2025
$439,900
MLS #73391633
Sold
Jun 14, 2024
$371,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Apr 24, 2024
$369,900
Original listing
Agent: Emmanuel Garcia Office: Elia Realty Group, Inc

Price & Status History

Date Event Price Change
Oct 23, 2025 Sold $439,900
Apr 24, 2024 New Listing Added $369,900

Market Statistics

Days on Market
5 days
Price per Sq Ft
$359

Tax History

Year Taxes Assessment
2024 $4,891 $420,900

Financial Details

Annual Property Tax
$4,891
Tax Year 2024
HOA Fee
$524
Monthly
Assessed Value
$420,900

Listing Information

Listing Agent Emmanuel Garcia
Listing Office Elia Realty Group, Inc
Agent MLS ID CN244460
Office MLS ID AN6547
Listing Data Updated Jun 17, 2024 11:33 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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