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55 Ocean Ave # 1, Salem MA 01970

Salem, MA 01970 • South Salem
$450,000
Est. $3,101/month
2
Beds
1
Baths
1,168
Sq Ft
$385
Price/Sq Ft
0.10
Acres
1895
Year Built
20
Days on Market
Closed Listed Aug 15, 2024 • MLS# 73278372 Copied!

About this home

This delightful 2-bedroom condo in South Salem offers a perfect blend of historical charm and modern convenience. With stunning hardwood floors and period Victorian details, this space exudes warmth and character. The large windows and high ceilings provide a bright and airy atmosphere throughout. With its prime location just steps from Forest River Park and the vibrant downtown area, you'll enjoy easy access to green spaces, dining, and shopping. This pet- friendly unit offers exclusive parking, laundry, and storage. Don’t miss out on the chance to make 55 Ocean Ave your new address. Visit us at the open houses and experience the best of Salem Living!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1895
Bedrooms
2
Full Bathrooms
1
Living Area
1,168 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $435,000
Final Sale Price: $450,000
Difference: +$15,000 (+3.4%)
Performance Metrics
103.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $372
Sale $/sq ft: $385
This property sold for $385 per square foot
Sale Summary

This property sold for 3.4% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$385/sq ft
Area Average
$323/sq ft
Difference
+19.1%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1895
Living Area 1,168 sq ft
Lot Size 0.10 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling None
Flooring Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Dining Room
Fireplaces 1
Basement Y
Laundry In Basement, In Building
Features None

Exterior

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

Parking

Features On Street, Deeded
Total Spaces 1

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,690
Assessed Value $403,600

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1895
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: On Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Dining Room
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Public School, University

Location

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Neighborhood

South Salem

55 Ocean Ave # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $391
Homeowners Insurance $200
HOA Fee $235/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

3.3%
Price Range
22
Total Days on Market

Property Timeline

Sold
Oct 21, 2024
$450,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Aug 15, 2024
$435,000
Original listing
Agent: Button and Co. Office: LAER Realty Partners

Price & Status History

Date Event Price Change
Aug 15, 2024 New Listing Added $435,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$385

Tax History

Year Taxes Assessment
2024 $4,690 $403,600

Financial Details

Annual Property Tax
$4,690
Tax Year 2024
HOA Fee
$235
Monthly
Assessed Value
$403,600

Listing Information

Listing Agent Button and Co.
Listing Office LAER Realty Partners
Agent MLS ID TM333920
Office MLS ID AN1207
Listing Data Updated Oct 24, 2024 11:53 AM 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 Salem, MA

Real-time market trends and pricing data for this area

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