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500 Salem Street # 508, Medford MA 02155

Medford, MA 02155
$598,000
Est. $3,955/month
3
Beds
2
Baths
1,321
Sq Ft
$453
Price/Sq Ft
1988
Year Built
17
Days on Market
Closed Listed Jan 14, 2025 • MLS# 73326076 Copied!

About this home

Don't miss this opportunity to live in a spacious 3-bedroom corner unit condo boasting an open floor plan with ample closet space, in-unit laundry, eat-in-kitchen, 2 full bathrooms and a private balcony with city views. 2 deeded parking spaces (1 garage #26 and 1 outdoor #55) are also included. The elevator building is meticulously maintained and professionally managed. Easy access to bus stops along with Target and other amenities right at your doorstep. Conveniently located near Station Landing, Assembly Row, Malden Center, Wellington Station, I-93/MA 128, Boston and The Fells makes this a great property for owner occupants or investors.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1988
Bedrooms
3
Full Bathrooms
2
Living Area
1,321 sq ft
Total Rooms
6
Stories
1
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $579,999
Final Sale Price: $598,000
Difference: +$18,001 (+3.1%)
Performance Metrics
103.1%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $439
Sale $/sq ft: $453
This property sold for $453 per square foot
Sale Summary

This property sold for 3.1% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$453/sq ft
Area Average
$235/sq ft
Difference
+92.8%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 1,321 sq ft
Bedrooms 3
Full Baths 2
Total Rooms 6

Interior

Heating Forced Air, Electric
Cooling Central Air
Flooring Tile, Laminate
Appliances Range, Dishwasher
Fireplace None
Basement N
Laundry In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Storage, Deeded
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer

Financial

Annual Tax $4,306
Assessed Value $505,400

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher
Interior Features:
Windows:
Basement: N
Laundry: In Unit, Electric Dryer Hookup
Security: Intercom, TV Monitor

Construction & Materials

Year Built: 1988
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Garage Door Opener, Storage, Deeded

Location

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Neighborhood

500 Salem Street # 508, Medford MA 02155

Medford, MA 02155

Walkability

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Nearby Schools

School District
Medford School District local
B+
School Safety 2024-25
1.0% Low
0.8% Suspensions 0.1% In-School 0.2% Emergency
4.5% below state avg
E

Elementary Schools

6 schools
St. Joseph Elementary School
1.4 mi
Grades PK-08
St. Raphael Elementary School
2.3 mi
Grades PK-08
B
Milton Fuller Roberts School
0.6 mi | #353 of 824 | Score: 49.1
Improved 194 spots from last year
-9.1 below state avg
586 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
John J McGlynn Elementary School
1.2 mi | #422 of 824 | Score: 47.1
Improved 242 spots from last year
-11.1 below state avg
505 students Very Diverse
Rising School Diverse Student Body
Grades PK-05
B+
Missituk Elementary School
1.7 mi | #300 of 824 | Score: 50.8
Improved 77 spots from last year
-7.4 below state avg
418 students Diverse
Rising School Diverse Student Body
Grades PK-05
A+
Brooks School
2.0 mi | #2 of 12 | Score: 59.7
Improved 135 spots from last year
+1.5 above state avg
556 students Moderate
Rising School
Grades PK-05
M

Middle Schools

2 schools
B+
Madeleine Dugger Andrews Middle School
1.0 mi | #128 of 352 | Score: 46.6
Improved 32 spots from last year
-11.6 below state avg
435 students Diverse
Rising School
Grades 06-08
B-
John J. McGlynn Middle School
1.4 mi | #206 of 352 | Score: 40.2
Improved 30 spots from last year
-18.1 below state avg
464 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
A-
Medford High School
1.9 mi | #94 of 346 | Score: 60.6
Improved 24 spots from last year
+2.3 above state avg
1,195 students Diverse
19 sports • 1,212 athletes
Strong AP Program Rising School Career Tech Programs College Ready Curriculum
Grades PK-12
Curtis-Tufts School
1.8 mi
11 students Diverse
Diverse Student Body
Grades 09-12
Learn about these ratings

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 $359
Homeowners Insurance $200
HOA Fee $372/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

3%
Price Range
20
Total Days on Market

Property Timeline

Sold
Feb 28, 2025
$598,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jan 14, 2025
$579,999
Original listing
Agent: Eugene Lee Office: Lee Realty Boston

Price & Status History

Date Event Price Change
Jan 14, 2025 New Listing Added $579,999

Market Statistics

Days on Market
17 days
Price per Sq Ft
$453

Tax History

Year Taxes Assessment
2025 $4,306 $505,400

Financial Details

Annual Property Tax
$4,306
Tax Year 2025
HOA Fee
$372
Per month
Assessed Value
$505,400

Listing Information

Listing Agent Eugene Lee
Listing Office Lee Realty Boston
Agent MLS ID BB805995
Office MLS ID AN1442
Listing Data Updated Feb 28, 2025 2:58 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Medford, MA

Real-time market trends and pricing data for this area

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