245 Lafayette St # 1E, Salem MA 01970
Salem, MA 01970
$255,000
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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 16 similar properties sold within 0.5 miles in the last 90 days
This Property
$289/sq ft
Area Median
$430/sq ft
Difference
32.8%
This property sold below the area median, potentially representing good value for the buyer.
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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Public Records & Permits
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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
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/17/2025 | 🏷️ Previously Sold | $415,000 | - | - | MLS #73317269 |
| 11/15/2018 | ✓ Sold | $255,000 | - | - | Property sold |
| 07/21/2018 | 🏠 Listed for Sale | $259,900 | - | - | Original listing |
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
Parking
Features
Off Street, Deeded, Paved
Total Spaces
1
Utilities
Electric
110 Volts, 220 Volts, Circuit Breakers, 100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range, Icemaker Connection
Financial
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
MA Disclosures
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.
Additional Details
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
Sold
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
4
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
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
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
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
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
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
1.1 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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