450 Lafayette St, Salem MA 01970

Salem, MA 01970
$1,250,000
Est. $6,653/month
5
Beds
4
Baths
3,590
Sq Ft
$348
Price/Sq Ft
0.19
Acres
1910
Year Built
Multi Family
Type
51
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73307430

About this home

Use this home in its current 2-family configuration or easily convert it back to a beautiful single-family. Enjoy all the recreation this Stately Oceanside Home has to offer: calm bays, immediate fast access to the open Bountiful Atlantic Ocean-Enjoy boating and beaches, swimming, fishing, kayak, hiking the groomed network of conservation and public trails -amazing sunrises and sunsets-Take it to the limits of one’s imagination-Salem T Station 30 min to and from Boston TD Garden offers excellent service-Access MBTA Subway System Revere Wonderland Blueline with plenty of parking-Seasonal Salem Commuter Ferry to Long Whalf excellent rates for Salem residents-Logan Airport 30 min by vehicle. The townhouse rental unit offers a revenue stream to supplement expenses and overhead- Book your private showing today to see this Stately Oceanside Charming Home. An Exceptional Investment with a Rental Revenue Stream coupled with Boston Big City Employment and Salem Oceanside Living.

Sale Statistics

Sale Overview
Original List Price: $1,399,900
Final Sale Price: $1,250,000
Difference: $149,900 (-10.7%)
Performance Metrics
89.3%
List to Sale Ratio
Sold below asking price
51
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $390
Sale $/sq ft: $348
This property sold for $348 per square foot
Sale Summary

This property sold for 10.7% below the original asking price.

The property spent 51 days on market before selling.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1910
Bedrooms
5
Full Bathrooms
3
Half Bathrooms
2
Living Area
3,590 sq ft
Total Rooms
11
Stories
5
Levels
5

Interior Features

Flooring
Carpet, Hardwood, Other, Stone/Ceramic Tile
Heating
Hot Water, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Ceiling Fan(s), Storage, Stone/Granite/Solid Counters, Remodeled, Living Room, Dining Room, Kitchen, Laundry Room, Sunroom
Basement Details
Full, Partially Finished, Interior Entry

Exterior & Structure

Construction Materials
Frame
Roof
Slate
Foundation
Block
Patio/Porch Features
Porch, Deck, Patio
Fencing
Fenced/Enclosed
Has Spa
No
View
Scenic View(s)
Has View
Yes
Waterfront Features
Waterfront, Navigable Water, Ocean, Bay, Harbor, Marina, Marsh, Public, Beach Access, Harbor, Ocean, Walk to, 3/10 to 1/2 Mile To Beach
Waterfront Property
Yes

Lot & Land

Lot Size
0.19 acres
Lot Size
8,150 sq ft
Lot Size Area
0.1900
Lot Features
Wooded

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
5
Parking Features
Paved Drive, Off Street, Stone/Gravel
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$15,098
Tax Year
2024
Tax Assessed Value
$1,299,300
Parcel Number
M:31 L:0214,2133955
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Seller will consider offers with buyer broker compensation.

Location

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Neighborhood

450 Lafayette St, 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 $1,258
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6%
Price Range
52
Total Days on Market

Property Timeline

Sold
Jan 17, 2025
$1,250,000
Property sold
Days on Market: 52
🏠
Listed for Sale
Oct 29, 2024
$1,330,000
Original listing
Agent: Mike Quail Team Office: eXp Realty

Price & Status History

Date Event Price Change
Oct 29, 2024 New Listing Added $1,330,000

Market Statistics

Days on Market
51 days
Price per Sq Ft
$348

Tax History

Year Taxes Assessment
2024 $15,098 $1,299,300

Financial Details

Annual Property Tax
$15,098
Tax Year 2024
Assessed Value
$1,299,300

Listing Information

Listing Agent Mike Quail Team
Listing Office eXp Realty
Agent MLS ID TM306002
Office MLS ID AN5941

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