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11 Read St. # 3, Salem MA 01970

Salem, MA 01970
$163,500
Est. $1,509/month
2
Beds
1
Baths
807
Sq Ft
$203
Price/Sq Ft
1980
Year Built
43
Days on Market
Closed Listed May 25, 2018 • MLS# 72333919 Copied!

About this home

Excellent value on a quiet, dead end street, this is one of the best deals in Salem! This two bedroom second floor unit boasts an open, spacious floor plan that is warm and inviting with spare room that could be used as a third bedroom or office. This unit is move in ready, minutes from downtown Salem, great restaurants, shops, entertainment and Salem State University. Easy access to major routes. Heat and water are included in the monthly condo fee. Large individual, securable storage space in the basement. Offsite management company. Pet friendly. This is a great investment or alternative to renting at an affordable price. Don't let this one get away!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
807 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $179,900
Final Sale Price: $163,500
Difference: $16,400 (-9.1%)
Performance Metrics
90.9%
List to Sale Ratio
Sold below asking price
43
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $223
Sale $/sq ft: $203
This property sold for $203 per square foot
Sale Summary

This property sold for 9.1% below the original asking price.

The property spent 43 days on market before selling.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$203/sq ft
Area Average
$99/sq ft
Difference
+105.9%

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 1980
Living Area 807 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Natural Gas, Individual, Unit Control
Cooling Window Unit(s)
Flooring Carpet, Laminate
Appliances None
Fireplace None
Basement Y
Laundry Off-site
Features None

Exterior

Construction Frame
Architecture None
Roof None
Features Deck - Wood, Fenced Yard, Rain Gutters
Pool None
Spa None
Fencing Fenced
Patio/Porch Deck - Wood

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $2,184
Assessed Value $142,000

Interior Features

Flooring: Carpet, Laminate
Appliances:
Interior Features:
Windows:
Basement: Y
Laundry: Off-Site
Security:

Construction & Materials

Year Built: 1980
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Deck - Wood, Fenced Yard, Rain Gutters
Patio & Porch: Deck - Wood
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

11 Read St. # 3, Salem MA 01970

Salem, MA 01970

Walkability

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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
0.6 mi
Grades PK-08
The Phoenix School
1.2 mi
Grades PK-08
C-
Horace Mann Laboratory School
0.4 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-
Saltonstall School
0.8 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
B
Witchcraft Heights School
1.2 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-
Carlton School
2.0 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
2.0 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
2.0 mi
106 students Diverse
Diverse Student Body
Grades PK
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
0.7 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
1.1 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
0.5 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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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 $182
Homeowners Insurance $200
HOA Fee $300/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

48.1%
Price Range
45
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73538678
Full transaction history available when tracking began
🏡
Currently Listed
Jun 19, 2026
$315,000
MLS #73538678 - Active
Previous Transaction - MLS #72743673
Full transaction history available when tracking began
🏷️
Previously Sold
Feb 26, 2021
$209,000
MLS #72743673
Sold
Jul 31, 2018
$163,500
Property sold
Days on Market: 45
🏠
Listed for Sale
May 25, 2018
$179,900
Original listing
Agent: John Dike Office: Northeast Realty

Price & Status History

Date Event Price Change
Jun 19, 2026 Sold $315,000
Feb 26, 2021 Sold $209,000
May 25, 2018 New Listing Added $179,900

Market Statistics

Days on Market
43 days
Price per Sq Ft
$203

Tax History

Year Taxes Assessment
2018 $2,184 $142,000

Financial Details

Annual Property Tax
$2,184
Tax Year 2018
HOA Fee
$300
Per month
Assessed Value
$142,000

Listing Information

Agent MLS ID CN215861
Office MLS ID AN2724
Listing Data Updated Aug 2, 2018 3:34 PM 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

11 Read St. # 3, Salem MA 01970 - Photo 1 11 Read St. # 3, Salem MA 01970 - Photo 2 11 Read St. # 3, Salem MA 01970 - Photo 3 11 Read St. # 3, Salem MA 01970 - Photo 4 11 Read St. # 3, Salem MA 01970 - Photo 5 11 Read St. # 3, Salem MA 01970 - Photo 6 11 Read St. # 3, Salem MA 01970 - Photo 7 11 Read St. # 3, Salem MA 01970 - Photo 8 11 Read St. # 3, Salem MA 01970 - Photo 9 11 Read St. # 3, Salem MA 01970 - Photo 10 11 Read St. # 3, Salem MA 01970 - Photo 11 11 Read St. # 3, Salem MA 01970 - Photo 12 11 Read St. # 3, Salem MA 01970 - Photo 13 11 Read St. # 3, Salem MA 01970 - Photo 14 11 Read St. # 3, Salem MA 01970 - Photo 15 11 Read St. # 3, Salem MA 01970 - Photo 16 11 Read St. # 3, Salem MA 01970 - Photo 17 11 Read St. # 3, Salem MA 01970 - Photo 18
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