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500 Salem Street # 706, Medford MA 02155

Medford, MA 02155
$565,000
Est. $3,721/month
2
Beds
2
Baths
1,124
Sq Ft
$503
Price/Sq Ft
0.00
Acres
1988
Year Built
11
Days on Market
Closed Listed Apr 3, 2024 • MLS# 73219505 Copied!

About this home

Immerse yourself in sunshine & cityscapes at this inviting Fellsway West condo! This commuter-friendly 2BR/2BA haven provides a comfortable layout, ideal for relaxing & entertaining. Prepare to be wowed by the expansive living/dining area that seamlessly flows out onto a private balcony on the 7th floor just steps from the elevator & offers breathtaking southwest-facing city skyline view. The gourmet kitchen is large & perfect for whipping up culinary delights. The well-appointed bathrooms will provide a spa-like experience. In-unit laundry, central air conditioning, generous closet space & deeded parking add to the convenience and comfort. This professionally managed elevator building boasts an excellent location minutes from Malden Center & Wellington T stations & major highways such as I-93 & I-95.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1988
Bedrooms
2
Full Bathrooms
2
Living Area
1,124 sq ft
Total Rooms
6
Stories
1
Entry Level
7

Sale Statistics

Sale Overview
Original List Price: $549,900
Final Sale Price: $565,000
Difference: +$15,100 (+2.7%)
Performance Metrics
102.7%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $489
Sale $/sq ft: $503
This property sold for $503 per square foot
Sale Summary

This property sold for 2.7% above the original asking price, indicating strong buyer demand.

With only 11 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
$503/sq ft
Area Average
$235/sq ft
Difference
+114.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 1,124 sq ft
Lot Size 0.0000
Bedrooms 2
Full Baths 2
Total Rooms 6

Interior

Heating Heat Pump, Electric
Cooling Central Air
Flooring Vinyl
Appliances Range, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Dryer Hookup - Electric, Washer Hookup, In Unit, Electric Dryer Hookup
Features Walk-in Closet(s), Entrance Foyer

Exterior

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

Parking

Features Assigned
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer

Financial

Annual Tax $3,864
Assessed Value $453,500

Interior Features

Flooring: Vinyl
Appliances: Range, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Walk-In Closet(s), Entrance Foyer
Windows:
Basement: N
Laundry: Dryer Hookup - Electric, Washer Hookup, In Unit, Electric Dryer Hookup
Security: Intercom

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Assigned

Location

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Neighborhood

500 Salem Street # 706, 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

3 schools
B-
Beebe School
0.6 mi | #196 of 352 | Score: 40.8
Dropped 50 spots from last year
-17.4 below state avg
921 students Very Diverse
Diverse Student Body
Grades K-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
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

3 schools
C+
Malden High School
1.3 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Curtis-Tufts School
1.8 mi
11 students Diverse
Diverse Student Body
Grades 09-12
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
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 $322
Homeowners Insurance $200
HOA Fee $342/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

2.7%
Price Range
12
Total Days on Market

Property Timeline

Sold
May 3, 2024
$565,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Apr 3, 2024
$549,900
Original listing
Agent: Nancy Ciampa McLaughlin Office: Redfin Corp.

Price & Status History

Date Event Price Change
Apr 3, 2024 New Listing Added $549,900

Market Statistics

Days on Market
11 days
Price per Sq Ft
$503

Tax History

Year Taxes Assessment
2024 $3,864 $453,500

Financial Details

Annual Property Tax
$3,864
Tax Year 2024
HOA Fee
$342
Monthly
Assessed Value
$453,500

Listing Information

Listing Agent Nancy Ciampa McLaughlin
Listing Office Redfin Corp.
Agent MLS ID BB980308
Office MLS ID NB3534
Listing Data Updated May 3, 2024 5:00 PM 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 Medford, MA

Real-time market trends and pricing data for this area

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