55 Ocean Ave # 1, Salem MA 01970

Salem, MA 01970 • South Salem
$450,000
Est. $2,395/month
2
Beds
1
Baths
1,168
Sq Ft
$385
Price/Sq Ft
0.10
Acres
1895
Year Built
Condominium
Type
20
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73278372

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!

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.

Facts & Features

Property Overview

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

Interior Features

Flooring
Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Dining Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Laundry Features
In Basement, In Building
Basement Details
Y

Exterior & Structure

Construction Materials
Frame
Has Spa
No
Waterfront Features
Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,400 sq ft
Lot Size Area
0.1000

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
On Street, Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Public School, University
HOA Fee
$235
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,690
Tax Year
2024
Tax Assessed Value
$403,600
Parcel Number
4235905
Zoning
RES

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Building Name
55 Ocean Avenue Condominium
Common Walls
Corner

Location

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Neighborhood

South Salem

55 Ocean Ave # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $391
Homeowners Insurance $200
HOA Fee $235
PMI $0

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

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55 Ocean Ave # 1, Salem MA 01970 - Photo 1 55 Ocean Ave # 1, Salem MA 01970 - Photo 2 55 Ocean Ave # 1, Salem MA 01970 - Photo 3 55 Ocean Ave # 1, Salem MA 01970 - Photo 4 55 Ocean Ave # 1, Salem MA 01970 - Photo 5 55 Ocean Ave # 1, Salem MA 01970 - Photo 6 55 Ocean Ave # 1, Salem MA 01970 - Photo 7 55 Ocean Ave # 1, Salem MA 01970 - Photo 8 55 Ocean Ave # 1, Salem MA 01970 - Photo 9 55 Ocean Ave # 1, Salem MA 01970 - Photo 10 55 Ocean Ave # 1, Salem MA 01970 - Photo 11 55 Ocean Ave # 1, Salem MA 01970 - Photo 12 55 Ocean Ave # 1, Salem MA 01970 - Photo 13 55 Ocean Ave # 1, Salem MA 01970 - Photo 14 55 Ocean Ave # 1, Salem MA 01970 - Photo 15 55 Ocean Ave # 1, Salem MA 01970 - Photo 16 55 Ocean Ave # 1, Salem MA 01970 - Photo 17 55 Ocean Ave # 1, Salem MA 01970 - Photo 18 55 Ocean Ave # 1, Salem MA 01970 - Photo 19 55 Ocean Ave # 1, Salem MA 01970 - Photo 20 55 Ocean Ave # 1, Salem MA 01970 - Photo 21 55 Ocean Ave # 1, Salem MA 01970 - Photo 22 55 Ocean Ave # 1, Salem MA 01970 - Photo 23 55 Ocean Ave # 1, Salem MA 01970 - Photo 24 55 Ocean Ave # 1, Salem MA 01970 - Photo 25 55 Ocean Ave # 1, Salem MA 01970 - Photo 26 55 Ocean Ave # 1, Salem MA 01970 - Photo 27 55 Ocean Ave # 1, Salem MA 01970 - Photo 28

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