Located just steps from Salem State University, this cozy 2-bedroom, 1-bath condominium offers the perfect combination of convenience, comfort, and modern living. Situated in a pet-friendly complex with low fees, this home is ideal for both students and professionals alike. The open-concept living and dining area is filled with natural light and features a charming wood-burning fireplace. The kitchen has granite countertops and stainless steel appliances. Unit comes with two parking spaces, storage in basement, outdoor shared space with storage shed for bikes and lawn equipment, and in-building laundry. With close proximity to the University and Salem Hospital, easy access to major roadways and bus service, this unit offers the ideal location for enjoying the vibrant lifestyle of this picturesque town.
Sale Statistics
Sale Overview
Original List Price:$424,000
Final Sale Price:$400,000
Difference:
$24,000 (-5.7%)
Performance Metrics
94.3%
List to Sale Ratio
Sold below asking price
147
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:$488
Sale $/sq ft:$461
This property sold for $461 per square foot
Sale Summary
This property sold for 5.7% below the original asking price.
At 147 days on market, this property took longer than average to sell.
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, House of Worship, Marina, Public School, University
HOA Fee
$283
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$3,395
Tax Year
2024
Tax Assessed Value
$292,200
Parcel Number
2134326
Zoning
--
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Building Name
Lafayette Street Condominium
Common Walls
Corner
Disclosures
Please see Seller's disclosure statement. Pets allowed with Board approval. No rentals allowed. All measurements are approximate and may differ from floor plans. Buyer to do all due diligence.
Exclusions
Please See Inclusion/Exclusion List In Mls Documents
Location
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Neighborhood
323 Lafayette Street # 3, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$283
Homeowners Insurance$200
HOA Fee$283
PMI$0
Property History
Market Insights
2.4%
Price Range
131
Total Days on Market
Property Timeline
✓
Sold
May 15, 2025
$400,000
Property sold
Days on Market: 131
🏠
Listed for Sale
Oct 10, 2024
$410,000
Original listing
Agent: Michele GoodwinOffice: Leading Edge Real Estate
