55 Ocean Ave # 2, Salem MA 01970

Salem, MA 01970
$450,000
Est. $2,395/month
2
Beds
1
Baths
1,182
Sq Ft
$381
Price/Sq Ft
0.10
Acres
1895
Year Built
Condominium
Type
12
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73268367

About this home

Fantastic location! With a Walk Score® of 83, you'll enjoy the close proximity to Forest River Park and all that downtown Salem has to offer. The hardwood floors and period Victorian detail bring warmth and character to this 2-bedroom condo in South Salem. Large windows let in lots of natural light and high ceilings give you space to breath! There is a spacious living room and dining room with the original fireplace mantle, and the kitchen has convenient built-in shelves and a new dishwasher. Additionally, this home has an updated bathroom, an office (or workout room, if you prefer), in-unit laundry, deeded parking, extra exclusive storage in the basement, the exclusive right to build a deck off the side/front of the building over the existing porch roof, and a raised garden bed. The gas boiler is less than 10 years old. The association is pet friendly (some breed restrictions - see condo docs). The yard and front porch are common spaces. Showings begin at the open houses.

Sale Statistics

Sale Overview
Original List Price: $424,900
Final Sale Price: $450,000
Difference: +$25,100 (+5.9%)
Performance Metrics
105.9%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $359
Sale $/sq ft: $381
This property sold for $381 per square foot
Sale Summary

This property sold for 5.9% above the original asking price, indicating strong buyer demand.

With only 12 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
1,182 sq ft
Total Rooms
6
Stories
1
Entry Level
2

Interior Features

Flooring
Hardwood, Pine
Heating
Hot Water, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Laundry Features
In Unit
Basement Details
Y

Exterior & Structure

Has Spa
No
Waterfront Features
Harbor, 3/10 to 1/2 Mile 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
Off Street, Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Public School, T-Station, University
HOA Fee
$235
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,638
Tax Year
2024
Tax Assessed Value
$399,100
Parcel Number
M:33 L:0393 S:802,4421183
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Condo docs attached. Buyer responsible for ensuring condo docs are the most up-to-date version. Pocket doors don't open. Fireplaces are decorative only. Offers, if any, are kindly requested by Tuesday 7/30 at 5pm.

Location

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Neighborhood

55 Ocean Ave # 2, 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 $387
Homeowners Insurance $200
HOA Fee $235
PMI $0

Property History

Market Insights

5.6%
Price Range
14
Total Days on Market

Property Timeline

Sold
Sep 4, 2024
$450,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Jul 23, 2024
$424,900
Original listing
Agent: The Murray Brown Group Office: RE/MAX Beacon

Price & Status History

Date Event Price Change
Jul 23, 2024 New Listing Added $424,900

Market Statistics

Days on Market
12 days
Price per Sq Ft
$381

Tax History

Year Taxes Assessment
2024 $4,638 $399,100

Financial Details

Annual Property Tax
$4,638
Tax Year 2024
HOA Fee
$235
Monthly
Assessed Value
$399,100

Listing Information

Listing Agent The Murray Brown Group
Listing Office RE/MAX Beacon
Agent MLS ID TM329476
Office MLS ID AN8171

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