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245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970
$255,000
2
Beds
1
Baths
881
Sq Ft
$289
Price/Sq Ft
0.55
Acres
1971
Year Built
1
Parking
82
Days on Market
Closed Listed Jul 21, 2018 • MLS# 72366173 Copied! • Updated Nov 15, 2018

Sale Statistics

Sale Overview
Original List Price: $259,900
Final Sale Price: $255,000
Difference: $4,900 (-1.9%)
Performance Metrics
98.1%
List to Sale Ratio
Sold below asking price
82
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $295
Sale $/sq ft: $289
This property sold for $289 per square foot
Sale Summary

This property sold for 1.9% below the original asking price.

The property spent 82 days on market before selling.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$289/sq ft
Area Average
$258/sq ft
Difference
+12.0%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

Stop renting! Move right into this clean, spacious, garden style 2-bedroom condo close to Salem State, shopping and commuter rail. Gleaming hardwood floors in dining and living space, freshly painted interior, newer windows, newer sliding glass door to balcony, brand new refrigerator, and brand new disposal. Plus, stackable washer/dryer in unit stays! Walk-in closet in master bedroom and nicely tiled bath. Located on the first floor in the rear corner of the building. Non-smoking property, professionally managed building with elevator in building. Security cameras at the entrances. Deeded parking space and deeded storage unit in basement. Pets are allowed but they may require board approval. Building has new hot water system; hot water and water included in condo fee.

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Recently Sold Nearby

Property History

Market Insights

38.6%
Price Range
85
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73317269
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 17, 2025
$415,000
MLS #73317269
Sold
Nov 15, 2018
$255,000
Property sold
Days on Market: 85
🏠
Listed for Sale
Jul 21, 2018
$259,900
Original listing
Agent: Kaitlin Martel Office: Martel Real Estate

Tax History

Year Taxes Assessment
2018 $2,831 $184,100

Financial Details

Annual Property Tax
$2,831
Tax Year 2018
HOA Fee
$237
Monthly
Assessed Value
$184,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1971
Living Area 881 sq ft
Lot Size 0.55 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling Wall Unit(s)
Flooring Carpet, Hardwood
Appliances Range, Disposal, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement Y
Laundry Common Area
Features None

Exterior

Construction Frame, Brick
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Deeded, Paved
Total Spaces 1
Electric 110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, Icemaker Connection
Annual Tax $2,831
Assessed Value $184,100

HOA & Community

HOA Fee $237 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Amenities Hot Water, Elevator(s)
Optional Fee Includes None
Pets Yes
Seller Disclosures Special Assessment Being Proposed At Annual Meeting To Rebuild All Balconies As A Necessary Capital Improvement. Cost To Be Included In The Condo Fee Going Forward Estimated To Range From An Additional $55- Per Month To $130- Per Month Depending On Final Cost Of Project.
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 1E
Sq Ft Source Other
Documents Master Deed, Rules & Regs, Management Association Bylaws (3)
County Essex
Total market time (incl. prior listings) 85 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Carpet, Hardwood
Appliances: Range, Disposal, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Common Area
Security: Intercom, Other

Construction & Materials

Year Built: 1971
Effective Year (Renovated): 2002
Structure Type: Garden
Exterior Materials: Frame, Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded, Paved
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

3 schools
B-
Saltonstall School
0.2 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
The Greenhouse School
0.9 mi
Grades PK-08
C-
Horace Mann Laboratory School
1.0 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
M

Middle Schools

3 schools
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
B+
Village School
1.3 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
1.7 mi | #83 of 352 | Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students Less Diverse
Grades 07-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.5 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
1.0 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
A-
Marblehead High School
1.7 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Location

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Neighborhood

245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Kaitlin Martel
Listing Office Martel Real Estate
Office Phone 781-599-2500
Agent MLS ID CN221779
Office MLS ID C63200
Listing Data Updated Nov 15, 2018 12:38 PM EST
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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