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289 Essex St # 101, Salem MA 01970

Salem, MA 01970
$480,000
Est. $3,320/month
2
Beds
2
Baths
1,244
Sq Ft
$386
Price/Sq Ft
1987
Year Built
74
Days on Market
Closed Listed Aug 5, 2021 • MLS# 72877103 Copied!

About this home

Right in downtown Salem! Enjoy all the Salem has to offer right outside your door. The commuter train around the corner, enjoy fine dining restaurants, boutique shops, waterfront and strolling historic streets with easy access to major routes. Professionally managed and pet friendly! Beautiful one level living unit with granite counters and high end cabinetry, two bedrooms and two baths, laundry in unit with deeded garage parking in the building, a major plus for downtown Salem. New heat and a/c system in 2017. Open House Sunday 12 - 1:30 PM Sept 26 come on by!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
2
Full Bathrooms
2
Living Area
1,244 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $495,000
Final Sale Price: $480,000
Difference: $15,000 (-3.0%)
Performance Metrics
97.0%
List to Sale Ratio
Sold below asking price
74
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $398
Sale $/sq ft: $386
This property sold for $386 per square foot
Sale Summary

This property sold for 3.0% below the original asking price.

The property spent 74 days on market before selling.

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$386/sq ft
Area Average
$347/sq ft
Difference
+11.2%

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 1987
Living Area 1,244 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Central, Forced Air, Heat Pump, Electric
Cooling Central Air, Heat Pump
Flooring Wood, Tile, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Fireplace None
Basement N
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Deeded
Total Spaces 1

Utilities

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

Financial

Annual Tax $4,963
Assessed Value $359,600

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1987
Effective Year (Renovated): 2005
Structure Type: Garden
Exterior Materials: Brick
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Heat Pump, Electric
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Off Street, Deeded

Location

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Neighborhood

289 Essex St # 101, 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 $414
Homeowners Insurance $200
HOA Fee $279/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

13.4%
Price Range
76
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73338062
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 27, 2025
$554,000
MLS #73338062
Sold
Nov 11, 2021
$480,000
Property sold
Days on Market: 76
🏠
Listed for Sale
Aug 5, 2021
$485,000
Original listing
Agent: Philip O'Donnell Office: Armstrong Field Real Estate

Price & Status History

Date Event Price Change
Mar 27, 2025 Sold $554,000
Aug 5, 2021 New Listing Added $485,000

Market Statistics

Days on Market
74 days
Price per Sq Ft
$386

Tax History

Year Taxes Assessment
2021 $4,963 $359,600

Financial Details

Annual Property Tax
$4,963
Tax Year 2021
HOA Fee
$279
Monthly
Assessed Value
$359,600

Listing Information

Listing Agent Philip O'Donnell
Listing Office Armstrong Field Real Estate
Agent MLS ID C8000753
Office MLS ID C95180
Listing Data Updated Nov 13, 2021 10:09 AM EST
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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