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256 Lafayette St # 3, Salem MA 01970

Salem, MA 01970
$439,900
Est. $3,407/month
1
Beds
2
Baths
1,256
Sq Ft
$350
Price/Sq Ft
1900
Year Built
101
Days on Market
Closed Listed Jun 16, 2025 • MLS# 73391633 Copied!

About this home

Enjoy all Salem has to offer in this bright and airy loft-style condo featuring exposed beams and lots of natural light. The unit has brand new windows, as well as a recently updated kitchen that includes new stainless steel appliances, white Shaker cabinets, and tile backsplash. The main level is perfect for entertaining and features an open-concept living room, kitchen, and dining area, as well as a spacious bedroom with walk-in closet, updated full bathroom, and washer and dryer. The loft area is a versatile space that can be used as a home office or a guest room complete with an en suite bathroom. There's also a huge, private storage area in the basement and two designated parking spaces. The condo fee includes heat and hot water! Located near Salem State University, Forest River Park, and nearby all downtown Salem has to offer, this condo is a peaceful oasis in the heart of the city.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
1
Full Bathrooms
2
Living Area
1,256 sq ft
Total Rooms
4
Stories
2
Entry Level
2
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $449,900
Final Sale Price: $439,900
Difference: $10,000 (-2.2%)
Performance Metrics
97.8%
List to Sale Ratio
Sold below asking price
101
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $358
Sale $/sq ft: $350
This property sold for $350 per square foot
Sale Summary

This property sold for 2.2% below the original asking price.

At 101 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$350/sq ft
Area Average
$330/sq ft
Difference
+6.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,256 sq ft
Bedrooms 1
Full Baths 2
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Laminate, Flooring - Wall To Wall Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement Y
Laundry Main Level, Second Floor, In Unit, Electric Dryer Hookup
Features Study

Exterior

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

Parking

Features Off Street, Assigned, Paved
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer

Financial

Annual Tax $4,747
Assessed Value $418,600

Interior Features

Flooring: Tile, Carpet, Laminate, Flooring - Wall to Wall Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features: Study
Windows:
Basement: Y
Laundry: Main Level, Second Floor, In Unit, Electric Dryer Hookup
Security:

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Assigned, Paved

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 $396
Homeowners Insurance $200
HOA Fee $587/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

16.6%
Price Range
103
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Oct 23, 2025
$439,900
Property sold
Days on Market: 103
🏠
Listed for Sale
Jun 16, 2025
$444,900
Original listing
Agent: Elizabeth Fair Office: Aluxety
Previous Transaction - MLS #73228324
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 14, 2024
$371,000
MLS #73228324

Price & Status History

Date Event Price Change
Jun 16, 2025 New Listing Added $444,900
Jun 14, 2024 Sold $371,000

Market Statistics

Days on Market
101 days
Price per Sq Ft
$350

Tax History

Year Taxes Assessment
2025 $4,747 $418,600

Financial Details

Annual Property Tax
$4,747
Tax Year 2025
HOA Fee
$587
Monthly
Assessed Value
$418,600

Listing Information

Listing Agent Elizabeth Fair
Listing Office Aluxety
Agent MLS ID BB985392
Office MLS ID AN8387
Listing Data Updated Oct 23, 2025 2:43 PM 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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