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55 Ocean Ave # 3, Salem MA 01970

Salem, MA 01970
$258,000
3
Beds
1
Baths
1,395
Sq Ft
$185
Price/Sq Ft
0.10
Acres
1895
Year Built
1
Parking
216
Days on Market
Closed Listed Aug 11, 2015 • MLS# 71887950 Copied! • Updated Apr 29, 2016

Sale Statistics

Sale Overview
Original List Price: $259,900
Final Sale Price: $258,000
Difference: $1,900 (-0.7%)
Performance Metrics
99.3%
List to Sale Ratio
Sold below asking price
216
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $186
Sale $/sq ft: $185
This property sold for $185 per square foot
Sale Summary

This property sold for 0.7% below the original asking price.

At 216 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
$185/sq ft
Area Average
$248/sq ft
Difference
25.4%

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

About this home

AWESOME CONDO!!! Best VALUE in SALEM! Move in ready Top Level Unit in a Classic Queen Ann Victorian (3) family home. Rooms are flooded with light from the oversized double glass windows. High ceilings and spacious rooms give you the feeling of a single family home. Beautiful hardwood floors throughout and a large dining room for Holiday gatherings. Bay windowed dining room also has a built in china cabinet, additional closet and amazing carved wood mantle. Lots of room in the fully appliance kitchen with center island sit down eating space. All three bedrooms are good size with closets. Super location just one block from a bus stop on Lafayette St. Really short 5 or 6 minute walk to Salem State University, Salem Harbor and Forest River Park. Off street parking for (1) car and secure storage in the basement. Nice place to call home! New heating system in November.

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Recently Sold Nearby

Property History

Market Insights

48.3%
Price Range
217
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73545195
Full transaction history available when tracking began
🏡
Currently Listed
Jul 6, 2026
$499,000
MLS #73545195 - Active
Previous Transaction - MLS #72997761
Full transaction history available when tracking began
🏷️
Previously Sold
Jul 8, 2022
$430,000
MLS #72997761
Previous Transaction - MLS #72428465
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 17, 2019
$303,900
MLS #72428465
Sold
Apr 28, 2016
$258,000
Property sold
Days on Market: 217
🏠
Listed for Sale
Aug 12, 2015
$259,900
Original listing
Agent: William B. Hoey Office: RE/MAX Renaissance Inc.

Tax History

Year Taxes Assessment
2016 $3,476 $212,000

Financial Details

Annual Property Tax
$3,476
Tax Year 2016
HOA Fee
$216
Monthly
Assessed Value
$212,000

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1895
Living Area 1,395 sq ft
Lot Size 0.10 acres
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Central, Forced Air, Natural Gas
Cooling Window Unit(s)
Flooring Vinyl, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, In Building, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame, Stone
Architecture None
Roof Slate
Features Porch, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street, Assigned, Deeded
Total Spaces 1
Electric 220 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup
Annual Tax $3,476
Assessed Value $212,000

HOA & Community

HOA Fee $216 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Pets Yes
Seller Disclosures None
Exclusions Washer And Dryer
Possession None
Accepted Financing Contract
Structure Type ["2\/3 Family"]
Unit/Building 3
Sq Ft Source Field Card
Sq Ft Disclosures GAS --> HEAT, HOT WATER, COOKING = Less than $900.00 LAST YEAR!!!
Documents Master Deed, Rules & Regs, Management Association Bylaws, Floor Plans (4)
County Essex
Total market time (incl. prior listings) 217 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
1
Entry Level
3

Room Details

Third Floor

Bathroom1
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Vinyl
Bedroom3
13 x 10
Closet, Flooring - Hardwood
Dining Room
16 x 13
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
16 x 11
Flooring - Vinyl, Dining Area, Kitchen Island, Gas Stove
Bedroom2
13 x 10
Closet, Flooring - Hardwood
Living Room
16 x 15
Flooring - Hardwood, Window(s) - Bay/Bow/Box
Master Bedroom
12 x 11
Ceiling Fan(s), Closet, Flooring - Hardwood

Other Floor

Bedroom5
Bedroom4
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

Interior Features

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

Construction & Materials

Year Built: 1895
Effective Year (Renovated): 2002
Structure Type: 2/3 Family
Exterior Materials: Frame, Stone
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Heating Zones: 1
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned, Deeded
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
0.7 mi
Grades PK-08
The Phoenix School
1.3 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
0.9 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
B
Witchcraft Heights School
1.5 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
C+
Bentley Academy Innovation School
1.6 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
1.6 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+
Bates School
2.0 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
0.8 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
0.7 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
0.9 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
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Location

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Neighborhood

55 Ocean Ave # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent William B. Hoey
Agent MLS ID B8001188
Office MLS ID AN2612
Listing Data Updated Apr 29, 2016 1:19 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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