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281 Essex Street # 206, Salem MA 01970

Salem, MA 01970
$525,000
Est. $3,648/month
2
Beds
2
Baths
972
Sq Ft
$540
Price/Sq Ft
0.17
Acres
1900
Year Built
37
Days on Market
Closed Listed May 29, 2025 • MLS# 73382106 Copied!

About this home

*** OPEN HOUSE Sunday, 11:00 AM - 1:00 PM ***. $25k price adjustment! Experience unparalleled urban living in this stunning two-bedroom, two-bath corner loft at Latitude Condos, nestled in historic seaside Salem. Flooded with natural light from soaring ceilings and large NEW windows, this home boasts timeless character with exposed brick walls and original maple floors. The gourmet kitchen features stainless steel appliances, a gas range, and an island, while the main bedroom comes complete with an ensuite. Brand-new washer/dryer, heat/AC unit replaced in 2023, new smoke alarms, electronic keypad entry, fresh paint throughout - move-in ready! Enjoy the convenience of an elevator, dedicated basement storage, and a parking spot at the Museum Place garage—all covered by an affordable condo fee. Located within Salem's vibrant downtown, with shops and restaurants just minutes away, plus easy access to Boston by train and ferry, this is city living at its finest. Easy to Show.

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Property Overview

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

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $525,000
Difference: $74,000 (-12.4%)
Performance Metrics
87.6%
List to Sale Ratio
Sold below asking price
37
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $616
Sale $/sq ft: $540
This property sold for $540 per square foot
Sale Summary

This property sold for 12.4% below the original asking price.

The property spent 37 days on market before selling.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$540/sq ft
Area Average
$355/sq ft
Difference
+52.3%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 972 sq ft
Lot Size 0.17 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Heat Pump, Electric
Cooling Central Air, Heat Pump
Flooring Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry First Floor, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Common, Rented
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,022
Assessed Value $442,900

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: First Floor, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2008
Structure Type: Loft
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Cooling: Central Air, Heat Pump
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

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Detached, Common, Rented

Location

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Neighborhood

281 Essex Street # 206, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
B-
Saltonstall School
0.6 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
The Phoenix School
0.6 mi
Grades PK-08
B-
Carlton School
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

2 schools
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
2.0 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.7 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.3 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Bishop Fenwick High School
1.5 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
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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 $419
Homeowners Insurance $200
HOA Fee $375/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

2.8%
Price Range
38
Total Days on Market

Property Timeline

Sold
Jul 29, 2025
$525,000
Property sold
Days on Market: 38
🏠
Listed for Sale
May 29, 2025
$539,900
Original listing
Agent: Armstrong Field Team Office: Aluxety

Price & Status History

Date Event Price Change
May 29, 2025 New Listing Added $539,900

Market Statistics

Days on Market
37 days
Price per Sq Ft
$540

Tax History

Year Taxes Assessment
2025 $5,022 $442,900

Financial Details

Annual Property Tax
$5,022
Tax Year 2025
HOA Fee
$375
Monthly
Assessed Value
$442,900

Listing Information

Listing Office Aluxety
Agent MLS ID TEAM0455
Office MLS ID AN8387
Listing Data Updated Jul 31, 2025 7:41 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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