5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970
$670,000
Est. $3,566/month
2
Beds
2.5
Baths
2,365
Sq Ft
$283
Price/Sq Ft
1999
Year Built
Condominium
Type
19
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73336630

About this home

You will be hard-pressed to find another home for this price, with these updates, in this outstanding condo (a list of improvements is included in the paperclip).The sun-filed entrance includes a curved staircase which leads to the open floor plan of updated kitchen with vaulted ceiling, large dining area and gas fireplaced living room. From the kitchen walk out to the deck which overlooks the Salem Woods Nature Trail. Up the stairs there are double doors entering the primary bedroom, an en-suite bath with tub and a walk in closet. The second bedroom offers double closets, and en-suite bath. Both bedrooms have vaulted ceilings. The third floor offers additional storage. The lower level with a walk-out patio is finished to use as a family room, home office or guest room. Laundry room and garage complete this wonderful property. Located in historic Salem, this property is convenient to shopping, restaurants, train and the well-known Peabody Essex Museum. Showings start at open house

Sale Statistics

Sale Overview
Original List Price: $659,500
Final Sale Price: $670,000
Difference: +$10,500 (+1.6%)
Performance Metrics
101.6%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $279
Sale $/sq ft: $283
This property sold for $283 per square foot
Sale Summary

This property sold for 1.6% above the original asking price, indicating strong buyer demand.

With only 19 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1999
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,365 sq ft
Total Rooms
6
Stories
4
Entry Level
1

Interior Features

Flooring
Wood, Tile, Carpet, Laminate, Flooring - Stone/Ceramic Tile
Heating
Central, Forced Air, Electric, Individual, Unit Control
Has Heating
Yes
Cooling
Central Air, Unit Control
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features
Entrance Foyer, Central Vacuum, Walk-up Attic, Internet Available - Unknown
Laundry Features
First Floor, In Unit, Gas Dryer Hookup
Basement Details
Y
Window Features
Insulated Windows, Screens
Door Features
Insulated Doors
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Deck, Patio, Garden, Screens, Sprinkler System
Patio/Porch Features
Deck, Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
2
Parking Features
Attached, Garage Door Opener, Deeded, Off Street, Tandem, Paved, Exclusive Parking
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven, for Gas Dryer, Icemaker Connection
Water Source
Public, Individual Meter
Sewer
Public Sewer
Electric
Circuit Breakers
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University
HOA Fee
$480
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,277
Tax Year
2024
Tax Assessed Value
$540,200
Tax Lot
0043
Tax Map Number
07
Parcel Number
010043802,3159383
Zoning
Res.

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Mariner Village Condominium
Common Walls
End Unit
Attached Property
Yes
Disclosures
master deed: book 13319, page 130; Condo Trust Book 13319, page 169; see rules and regs for restrictions- Any offers will be reviewed Monday about 6PM

Location

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Neighborhood

5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Middle School
Sms
Rating information coming soon
High School
Shs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $523
Homeowners Insurance $200
HOA Fee $480
PMI $0

Property History

Market Insights

1.6%
Price Range
21
Total Days on Market

Property Timeline

Sold
Mar 28, 2025
$670,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Feb 19, 2025
$659,500
Original listing
Agent: Michelle Kuppens Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
Feb 19, 2025 New Listing Added $659,500

Market Statistics

Days on Market
19 days
Price per Sq Ft
$283

Tax History

Year Taxes Assessment
2024 $6,277 $540,200

Financial Details

Annual Property Tax
$6,277
Tax Year 2024
HOA Fee
$480
Monthly
Assessed Value
$540,200

Listing Information

Listing Agent Michelle Kuppens
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C8000050
Office MLS ID AN6191

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