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323 Lafayette St # 3, Salem MA 01970

Salem, MA 01970 • South Salem
$240,000
2
Beds
1
Baths
868
Sq Ft
$276
Price/Sq Ft
1920
Year Built
2
Parking
25
Days on Market
Closed Listed Aug 1, 2018 • MLS# 72371787 Copied! • Updated Sep 21, 2018

Sale Statistics

Sale Overview
Original List Price: $249,900
Final Sale Price: $240,000
Difference: $9,900 (-4.0%)
Performance Metrics
96.0%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $288
Sale $/sq ft: $276
This property sold for $276 per square foot
Sale Summary

This property sold for 4.0% below the original asking price.

With only 25 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$276/sq ft
Area Average
$324/sq ft
Difference
14.8%

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

About this home

Located next to Salem State University, Salem's ocean-front Forest River Park and 1 mile to Salem's thriving downtown this well updated 2 bedroom unit puts you in the heart of one of the North Shore's hottest destinations. Charming details like a brick wood-burning fireplace and crown molding meet modern kitchen, bathroom and new flooring updated in the last 7 years. Kitchen features granite counters, stainless appliances and recessed lighting. Enjoy the large fenced common yard for dogs, grilling and outdoor gatherings in this 100% owner-occupied association. Vinnin Square and all your shopping needs are a 5 minute drive away and it's an easy walk to University area bars, restaurants and walking/ bike trails. Pets allowed, two parking spaces included plus coin-op laundry and storage unit in the basement. Assoc allows laundry to be installed in the unit. PLEASE PARK ON LAFAYETTE, NOT IN ASSOC LOT.

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Recently Sold Nearby

Property History

Market Insights

40%
Price Range
26
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73301189
Full transaction history available when tracking began
🏷️
Previously Sold
May 15, 2025
$400,000
MLS #73301189
Previous Transaction - MLS #72711398
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 30, 2020
$300,000
MLS #72711398
Sold
Sep 20, 2018
$240,000
Property sold
Days on Market: 26
🏠
Listed for Sale
Aug 1, 2018
$249,900
Original listing
Agent: Dan Bernal Office: J. Barrett & Company

Tax History

Year Taxes Assessment
2018 $2,924 $190,100

Financial Details

Annual Property Tax
$2,924
Tax Year 2018
HOA Fee
$262
Monthly
Assessed Value
$190,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 868 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Electric Baseboard, Radiant
Cooling Wall Unit(s)
Flooring Laminate, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Fireplaces 1
Basement N
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch None
Features Off Street, Assigned
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven
Annual Tax $2,924
Assessed Value $190,100

HOA & Community

HOA Fee $262 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Amenities None
Optional Fee Includes None
Owner-Occupied Units 7
Pets Yes
Seller Disclosures Assoc Prohibits Rental. Windows Are Older And Not All Open. Owners Have Never Used Fireplace, Association Allows Use But Entire Chimney Needs To Be Cleaned First. Hot Water Tank 3 Years Old. Dual Mounted Flat Screen Tvs Negotiable. Elec Bill Averages $60-$150 Seasonally. Roof 20-25 Years Old.
Possession None
Accepted Financing Contract
Structure Type ["Garden"]
Unit/Building 3
Sq Ft Source Field Card
Sq Ft Disclosures Additional storage bin in basement
Documents Master Deed, Unit Deed (2)
County Essex
Total market time (incl. prior listings) 26 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
1
Living Area
868 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom
No

Interior Features

Flooring: Laminate, Hardwood
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard, Radiant
Heating Zones: 3
Cooling: Wall Unit(s)
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Assigned

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, House of Worship, Marina, Public School, University

Nearby Schools

School information not available for this location.

Location

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Neighborhood

South Salem

323 Lafayette St # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Dan Bernal
Listing Office J. Barrett & Company
Office Phone 978-922-3683
Agent MLS ID BB923122
Office MLS ID AC2087
Listing Data Updated Sep 21, 2018 8:26 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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