BMN Boston

Get our mobile app!

Download on the App Store

18 Ocean Terrace # 2, Salem MA 01970

Salem, MA 01970 • Forest River
$383,500
Est. $2,566/month
2
Beds
2
Baths
1,502
Sq Ft
$255
Price/Sq Ft
0.19
Acres
1901
Year Built
760
Days on Market
Closed Listed Oct 21, 2013 • MLS# 71599223 Copied!

About this home

Salem - Water view Condo in renovated quality building with period features retained. Gathering room opens to porch, kitchen with granite counters, energy efficient appliances, island, formal dining, master bedroom with bath. fireplace room bedrm or living room, 2nd Bedroom. Plus garage space and exclusive garden area in yard. (Gas heat, hot water,and Cooking). One of kind 1901 hilltop Colonial Condo, renovated 2013-14, The Rufus Dodge Adam House," Mayor of Salem. Original Douglas Fir wood floors. A must see. Unit 2 $389,500 with one car garage. Energy efficient heating, HVAC systems, stainless steel gas stove and refrigerator, microwave with convection, turkey size oven with convection. Walk way to exclusive use of yard and garages. Garages are electric. Move right in, enjoy the freshness of spring and the summer breezes. Easy walk to Forest River Park (with beach), Glendale Park quiet beach overlooking harbor, Salem State University, and Bus Service to Railroad Station.

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1901
Bedrooms
2
Full Bathrooms
2
Living Area
1,502 sq ft
Total Rooms
5
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $405,000
Final Sale Price: $383,500
Difference: $21,500 (-5.3%)
Performance Metrics
94.7%
List to Sale Ratio
Sold below asking price
760
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $270
Sale $/sq ft: $255
This property sold for $255 per square foot
Sale Summary

This property sold for 5.3% below the original asking price.

At 760 days on market, this property took longer than average to sell.

Nearby Sales Comparison

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

This Property
$255/sq ft
Area Average
$323/sq ft
Difference
21.1%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1901
Living Area 1,502 sq ft
Lot Size 0.19 acres
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas, Air Source Heat Pumps (ashp)
Cooling Central Air, Heat Pump
Flooring Wood
Appliances Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Fireplace Bedroom
Fireplaces 1
Basement Y
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck, Deck - Roof
Pool None
Spa None
Fencing None
Patio/Porch Deck, Deck - Roof

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Garage Door Opener, Assigned, Off Street, Paved
Total Spaces 3

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $2,591
Assessed Value $157,900

Interior Features

Flooring: Wood
Appliances: Oven, Dishwasher, Disposal, Microwave, Range, Refrigerator, Washer, Dryer
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1901
Effective Year (Renovated): 2013
Structure Type: Garden, Mid-Rise, 2/3 Family
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Air Source Heat Pumps (ASHP)
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck, Deck - Roof
Patio & Porch: Deck, Deck - Roof
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 3
Parking Features: Detached, Garage Door Opener, Assigned, Off Street, Paved

Special Features

Fireplaces: 1
Fireplace Type: Bedroom
Community Amenities: Public Transportation, Pool, Park, Marina, Public School, University

Location

Loading map...

Neighborhood

Forest River

18 Ocean Terrace # 2, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Greenhouse School
0.8 mi
Grades PK-08
The Phoenix School
1.4 mi
Grades PK-08
B-
Saltonstall School
0.4 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.1 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.7 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
B+
Bates School
2.1 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
1.0 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.6 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
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 $216
Homeowners Insurance $200
HOA Fee $211/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

41.9%
Price Range
804
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73495114
Full transaction history available when tracking began
🏡
Currently Listed
Apr 21, 2026
$659,900
MLS #73495114 - Active
Previous Transaction - MLS #72336964
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 26, 2018
$447,000
MLS #72336964
Previous Transaction - MLS #72219493
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 29, 2017
$410,000
MLS #72219493
Sold
Jan 22, 2016
$383,500
Property sold
Days on Market: 804
🏠
Listed for Sale
Oct 21, 2013
$389,500
Original listing
Agent: Ralph Leonard Office: Ralph Leonard Associates

Price & Status History

Date Event Price Change
Apr 21, 2026 Sold $659,900
Sep 26, 2018 Sold $447,000
Sep 29, 2017 Sold $410,000
Oct 21, 2013 New Listing Added $389,500

Market Statistics

Days on Market
760 days
Price per Sq Ft
$255

Tax History

Year Taxes Assessment
2015 $2,591 $157,900

Financial Details

Annual Property Tax
$2,591
Tax Year 2015
HOA Fee
$211
Monthly
Assessed Value
$157,900

Listing Information

Listing Agent Ralph Leonard
Listing Office Ralph Leonard Associates
Agent MLS ID C2328839
Office MLS ID C67300
Listing Data Updated Jan 22, 2016 2:30 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

18 Ocean Terrace # 2, Salem MA 01970 - Photo 1 18 Ocean Terrace # 2, Salem MA 01970 - Photo 2 18 Ocean Terrace # 2, Salem MA 01970 - Photo 3 18 Ocean Terrace # 2, Salem MA 01970 - Photo 4 18 Ocean Terrace # 2, Salem MA 01970 - Photo 5 18 Ocean Terrace # 2, Salem MA 01970 - Photo 6 18 Ocean Terrace # 2, Salem MA 01970 - Photo 7 18 Ocean Terrace # 2, Salem MA 01970 - Photo 8 18 Ocean Terrace # 2, Salem MA 01970 - Photo 9 18 Ocean Terrace # 2, Salem MA 01970 - Photo 10 18 Ocean Terrace # 2, Salem MA 01970 - Photo 11 18 Ocean Terrace # 2, Salem MA 01970 - Photo 12 18 Ocean Terrace # 2, Salem MA 01970 - Photo 13 18 Ocean Terrace # 2, Salem MA 01970 - Photo 14 18 Ocean Terrace # 2, Salem MA 01970 - Photo 15
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour