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28 Fairmount St. # 2, Salem MA 01970

Salem, MA 01970
$785,000
Est. $4,578/month
4
Beds
3
Baths
2,325
Sq Ft
$338
Price/Sq Ft
0.14
Acres
1900
Year Built
2
Days on Market
Closed Listed May 21, 2025 • MLS# 73378557 Copied!

About this home

Stunning Gut-Renovated Luxury Penthouse. Experience elevated living in this brand-new, gut-renovated luxury penthouse located in a great North Salem neighborhood. Boasting 4 spacious bedrooms and 3 full bathrooms, this modern masterpiece combines high-end finishes with thoughtful design in every detail. Step into the expansive open-concept living space, where natural light pours in through oversized windows, highlighting wide-plank hardwood floors and sleek contemporary lines. The kitchen features all new SS appliances, beautiful cabinets, quartz counter tops, large island, tile backsplash, and gold hardware and finishes. From the cutting-edge systems to the curated lighting and modern conveniences, no expense has been spared in this full-scale renovation. Enjoy the best of North Shore living with easy access to downtown Salem, commuter rail, and nearby shops, restaurants, and waterfront attractions. Showings start now!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
4
Full Bathrooms
3
Living Area
2,325 sq ft
Total Rooms
5
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $784,999
Final Sale Price: $785,000
Difference: +$1 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $338
Sale $/sq ft: $338
This property sold for $338 per square foot
Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$338/sq ft
Area Average
$296/sq ft
Difference
+14.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 2,325 sq ft
Lot Size 0.14 acres
Bedrooms 4
Full Baths 3
Total Rooms 5

Interior

Heating Central, Forced Air
Cooling Central Air
Flooring Hardwood
Appliances Microwave, Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Energy Star Qualified Washer, Range
Fireplace None
Fireplaces 1
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 2

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $2,500
Assessed Value $600,000

Interior Features

Flooring: Hardwood
Appliances: Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type: 2/3 Family
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
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: Off Street

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Golf

Location

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Neighborhood

28 Fairmount St. # 2, 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 $208
Homeowners Insurance $200
HOA Fee $200/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

0%
Price Range
15
Total Days on Market

Property Timeline

Sold
Jul 21, 2025
$785,000
Property sold
Days on Market: 15
🏠
Listed for Sale
May 21, 2025
$784,999
Original listing
Agent: Jeffrey Wallace Office: Compass

Price & Status History

Date Event Price Change
May 21, 2025 New Listing Added $784,999

Market Statistics

Days on Market
2 days
Price per Sq Ft
$338

Tax History

Year Taxes Assessment
2025 $2,500 $600,000

Financial Details

Annual Property Tax
$2,500
Tax Year 2025
HOA Fee
$200
Monthly
Assessed Value
$600,000

Listing Information

Listing Office Compass
Agent MLS ID CN229573
Office MLS ID AN6818
Listing Data Updated Jul 21, 2025 9:41 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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