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396 Essex St # 3, Salem MA 01970

Salem, MA 01970
$525,000
Est. $3,570/month
2
Beds
1
Baths
1,074
Sq Ft
$489
Price/Sq Ft
1881
Year Built
18
Days on Market
Closed Listed Mar 27, 2024 • MLS# 73217046 Copied!

About this home

Gorgeous, sun-filled 2-bed condo located near Downtown Salem. Nothing to do but move in and enjoy this chic space overflowing with character. Open-concept dining and living rooms featuring high ceilings, skylight and gleaming hardwood floors. Newly refaced kitchen cabinets offering ss appliances and beautiful butcher block countertops. Two spacious, yet cozy bedrooms create perfectly serene spaces. Nice-sized bath boasting new vanity and new modern finishes. Truly stunning, 6-month-old, two-tier Timbertech Azek Deck adds lots of additional relaxing and entertaining space with a lovely view. In-unit laundry. 1 off-street parking space. First showing at OH Sat 3/30 12-1:30, OH Sun 3/31 10:30-11:30.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1881
Bedrooms
2
Full Bathrooms
1
Living Area
1,074 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $499,900
Final Sale Price: $525,000
Difference: +$25,100 (+5.0%)
Performance Metrics
105.0%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $465
Sale $/sq ft: $489
This property sold for $489 per square foot
Sale Summary

This property sold for 5.0% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$489/sq ft
Area Average
$422/sq ft
Difference
+15.9%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1881
Living Area 1,074 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Third Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Rubber
Features Deck - Composite
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite

Parking

Features Off Street, Deeded
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 $5,353
Assessed Value $460,700

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Third Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1881
Effective Year (Renovated): 1986
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle, Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Location

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Neighborhood

396 Essex St # 3, 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 $446
Homeowners Insurance $200
HOA Fee $269/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

4.8%
Price Range
20
Total Days on Market

Property Timeline

Sold
Apr 23, 2024
$525,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Mar 27, 2024
$499,900
Original listing
Agent: Donna Fiandaca Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
Mar 27, 2024 New Listing Added $499,900

Market Statistics

Days on Market
18 days
Price per Sq Ft
$489

Tax History

Year Taxes Assessment
2024 $5,353 $460,700

Financial Details

Annual Property Tax
$5,353
Tax Year 2024
HOA Fee
$269
Per month
Assessed Value
$460,700

Listing Information

Listing Agent Donna Fiandaca
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID C9501008
Office MLS ID AN6219
Listing Data Updated Apr 24, 2024 6:33 AM 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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