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289 Essex St # 101, Salem MA 01970

Salem, MA 01970
$554,000
Est. $3,780/month
2
Beds
2
Baths
1,244
Sq Ft
$445
Price/Sq Ft
0.31
Acres
1987
Year Built
20
Days on Market
Closed Listed Feb 25, 2025 • MLS# 73338062 Copied!

About this home

Experience the best of Salem living in this rarely available, spacious 2-bedroom, 2-bathroom condo with over 1,200 square feet of comfortable living space. Nestled in the heart of downtown, this home offers unbeatable access to the city’s vibrant culture, renowned restaurants, shops, and public transportation—making it perfect for year-round enjoyment, especially during Salem’s famous Halloween festivities! This condo features an open and inviting layout, with a primary suite complete with a walk-in closet, in-unit washer and dryer, and recent updates including a 2017 heating system and a 2022 water heater. A true standout, this unit includes a deeded garage parking spot—a rare find in this prime location! Enjoy low association fees that cover water and sewer, all while benefiting from the convenience of city living with a cozy retreat to call home. Don’t miss this incredible opportunity to own a piece of Salem’s historic charm!

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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
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $549,000
Final Sale Price: $554,000
Difference: +$5,000 (+0.9%)
Performance Metrics
100.9%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $441
Sale $/sq ft: $445
This property sold for $445 per square foot
Sale Summary

This property sold for 0.9% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$445/sq ft
Area Average
$355/sq ft
Difference
+25.5%

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
Lot Size 0.31 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

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

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, 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 $5,591
Assessed Value $493,000

Interior Features

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

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, 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 $466
Homeowners Insurance $200
HOA Fee $313/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

0.9%
Price Range
22
Total Days on Market

Property Timeline

Sold
Mar 27, 2025
$554,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Feb 25, 2025
$549,000
Original listing
Office: Real Broker MA, LLC

Price & Status History

Date Event Price Change
Feb 25, 2025 New Listing Added $549,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$445

Tax History

Year Taxes Assessment
2025 $5,591 $493,000

Financial Details

Annual Property Tax
$5,591
Tax Year 2025
HOA Fee
$313
Monthly
Assessed Value
$493,000

Listing Information

Listing Office Real Broker MA, LLC
Agent MLS ID CN239316
Office MLS ID AN4866
Listing Data Updated Mar 27, 2025 5:27 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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