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323 Lafayette St # 3, Salem MA 01970

Salem, MA 01970 • South Salem
$240,000
Est. $1,919/month
2
Beds
1
Baths
868
Sq Ft
$276
Price/Sq Ft
1920
Year Built
25
Days on Market
Closed Listed Aug 1, 2018 • MLS# 72371787 Copied!

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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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

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 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$276/sq ft
Area Average
$386/sq ft
Difference
28.4%

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

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

Parking

Features Off Street, Assigned
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $2,924
Assessed Value $190,100

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

Location

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Neighborhood

South Salem

323 Lafayette 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

3 schools
B-
Saltonstall School
0.5 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
0.6 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
1.0 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
1.2 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
1.5 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
0.8 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
1.5 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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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 $244
Homeowners Insurance $200
HOA Fee $262/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

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

Price & Status History

Date Event Price Change
May 15, 2025 Sold $400,000
Sep 30, 2020 Sold $300,000
Aug 1, 2018 New Listing Added $249,900

Market Statistics

Days on Market
25 days
Price per Sq Ft
$276

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

Listing Information

Listing Agent Dan Bernal
Listing Office J. Barrett & Company
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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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