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3 Essex Street # 2, Salem MA 01970

Salem, MA 01970
$293,000
Est. $2,074/month
3
Beds
1
Baths
938
Sq Ft
$312
Price/Sq Ft
0.09
Acres
1900
Year Built
20
Days on Market
Closed Listed Mar 29, 2017 • MLS# 72137434 Copied!

About this home

**** Historic Salem living can be yours in this charming, turn-of-the-century Condo located on the edge of Collins Cove. Within walking distance of public transportation as well as public beach and bike path, let the gleaming wide pine floors and sunny bay windows welcome you home. Featuring three bedrooms with ample closet space, or use one of the rooms for your Home Office. Roomy eat-in kitchen boasts updated countertops, stainless steel appliances including gas range, and in-unit washer and dryer, all included with the sale. Have your summer cookouts in the fenced-in yard while watching spectacular sunsets. Two off-street, deeded parking spots included. Condo fees are low, and pets are allowed.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
3
Full Bathrooms
1
Living Area
938 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $269,900
Final Sale Price: $293,000
Difference: +$23,100 (+8.6%)
Performance Metrics
108.6%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $288
Sale $/sq ft: $312
This property sold for $312 per square foot
Sale Summary

This property sold for 8.6% 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 10 similar properties sold within 0.5 miles in the last 90 days

This Property
$312/sq ft
Area Average
$356/sq ft
Difference
12.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 938 sq ft
Lot Size 0.09 acres
Bedrooms 3
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard
Cooling None
Flooring Wood
Appliances Range, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch

Parking

Features None
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $2,913
Assessed Value $183,700

Interior Features

Flooring: Wood
Appliances: Range, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2010
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features:

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Bike Path

Location

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Neighborhood

3 Essex Street # 2, 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
C+
Bentley Academy Innovation School
0.3 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.3 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.5 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

3 schools
C+
Collins Middle School
1.3 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
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi | #115 of 352 | Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students Moderate
Rising School Strong Attendance
Grades 04-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.6 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
Bishop Fenwick High School
1.8 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.9 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
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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 $243
Homeowners Insurance $200
HOA Fee $150/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

44.9%
Price Range
22
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73231749
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 11, 2024
$490,000
MLS #73231749
Previous Transaction - MLS #72803895
Full transaction history available when tracking began
🏷️
Previously Sold
May 14, 2021
$400,000
MLS #72803895
Sold
May 22, 2017
$293,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Mar 29, 2017
$269,900
Original listing
Agent: Jessica Murdock Office: Armstrong Field Real Estate

Price & Status History

Date Event Price Change
Jun 11, 2024 Sold $490,000
May 14, 2021 Sold $400,000
Mar 29, 2017 New Listing Added $269,900

Market Statistics

Days on Market
20 days
Price per Sq Ft
$312

Tax History

Year Taxes Assessment
2017 $2,913 $183,700

Financial Details

Annual Property Tax
$2,913
Tax Year 2017
HOA Fee
$150
Monthly
Assessed Value
$183,700

Listing Information

Listing Office Armstrong Field Real Estate
Agent MLS ID CN220970
Office MLS ID C95180
Listing Data Updated May 24, 2017 3:33 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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