5 Majestic Way # 5, Salem MA 01970

Salem, MA 01970
$417,000
Est. $2,219/month
1
Beds
1.5
Baths
1,049
Sq Ft
$398
Price/Sq Ft
1986
Year Built
Condominium
Type
35
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73305755

About this home

Welcome to the sought-after Hamlet Complex, where tranquility meets modern living. This beautifully designed and freshly painted 1 bed, 1.5 bath unit features an open-concept layout that seamlessly blends comfort and style. Enjoy a morning walk or take in the changing foliage from your new windows or front porch, all while being so close to all the conveniences that living in the North Shore provides. Enter into LR with cathedral ceilings and fireplace. Kitchen with granite counters and hardwood is open to dining area. Bedroom with high ceilings and private bath. Perfectly located less than 10 mins to the Commuter Rail, Vinnin Square, Whole Foods & all the restaurants & shopping that downtown Salem has to offer. Complex is pet friendly and professionally maintained. Enjoy the perks of a low-maintenance lifestyle while still feeling connected to nature and the vibrant community around you. Don’t miss out on this opportunity for a peaceful retreat in a highly sought-after location!

Sale Statistics

Sale Overview
Original List Price: $439,900
Final Sale Price: $417,000
Difference: $22,900 (-5.2%)
Performance Metrics
94.8%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $419
Sale $/sq ft: $398
This property sold for $398 per square foot
Sale Summary

This property sold for 5.2% below the original asking price.

The property spent 35 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1986
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,049 sq ft
Total Rooms
4
Stories
2
Entry Level
1

Interior Features

Flooring
Wood, Tile, Carpet, Flooring - Stone/Ceramic Tile
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features
Closet, Entrance Foyer
Laundry Features
In Basement, In Unit
Basement Details
N
Door Features
Storm Door(s)

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Porch
Patio/Porch Features
Porch
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
1
Parking Features
Under, Off Street
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Private School, Public School, University
HOA Fee
$322
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,477
Tax Year
2024
Tax Assessed Value
$385,300
Parcel Number
M:12 L:0003 S:830,2127979
Zoning
Res

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
Hamlet
Common Walls
2+ Common Walls
Disclosures
Room sizes are approx and for marketing purposes only. One pet allowed. Central AC is not currently working.

Location

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Neighborhood

5 Majestic Way # 5, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Elementary School
Horace Mann
Rating information coming soon
Middle School
Collins Middle
Rating information coming soon
High School
Salem High
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $373
Homeowners Insurance $200
HOA Fee $322
PMI $0

Property History

Market Insights

4.1%
Price Range
37
Total Days on Market

Property Timeline

Sold
Jan 24, 2025
$417,000
Property sold
Days on Market: 37
🏠
Listed for Sale
Oct 24, 2024
$434,900
Original listing
Agent: Team Blue Office: ERA Key Realty Services

Price & Status History

Date Event Price Change
Oct 24, 2024 New Listing Added $434,900

Market Statistics

Days on Market
35 days
Price per Sq Ft
$398

Tax History

Year Taxes Assessment
2024 $4,477 $385,300

Financial Details

Annual Property Tax
$4,477
Tax Year 2024
HOA Fee
$322
Monthly
Assessed Value
$385,300

Listing Information

Listing Agent Team Blue
Listing Office ERA Key Realty Services
Agent MLS ID TEAM0456
Office MLS ID AN3576

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