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323 Lafayette St # 3, Salem MA 01970

Salem, MA 01970
$300,000
Est. $2,251/month
2
Beds
1
Baths
868
Sq Ft
$346
Price/Sq Ft
1920
Year Built
15
Days on Market
Closed Listed Aug 18, 2020 • MLS# 72711398 Copied!

About this home

Urban chic describes this two bedroom one bath corner unit condo that is tucked back from the street, in a quiet private location. Step inside your 2nd floor unit, that is flooded with natural light. You will see the open concept living room with fireplace & dining area. Kitchen features granite countertops, stainless steel appliances & recessed lighting. Two generously sized bedrooms plus a full bath & tons of storage space, as well as storage in the basement, and coin op laundry. Two assigned parking spaces, plus a large shared yard with patio for outdoor gatherings, or grilling. Stroll to Forest River Park. Only 1 mile to downtown Salem, where you can go shopping, visit the Peabody Essex Museum, cafes, restaurants, historical landmarks & commuter rail to Boston. Discover the exciting possibilities & ease of living in historic Salem. PRE APPROVED BUYERS ONLY.

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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: $274,900
Final Sale Price: $300,000
Difference: +$25,100 (+9.1%)
Performance Metrics
109.1%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $317
Sale $/sq ft: $346
This property sold for $346 per square foot
Sale Summary

This property sold for 9.1% above the original asking price, indicating strong buyer demand.

With only 15 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
$346/sq ft
Area Average
$386/sq ft
Difference
10.3%

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, Radiant
Cooling Wall Unit(s)
Flooring Laminate, Hardwood
Appliances Range, Dishwasher, Refrigerator
Fireplace Living Room
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

Has Garage Yes
Features Assigned, Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers, Knob & Tube Wiring
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $3,266
Assessed Value $226,000

Interior Features

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

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Electric, 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: Assigned, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, 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

323 Lafayette St # 3, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $272
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
18
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
Sold
Sep 30, 2020
$300,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Aug 18, 2020
$274,900
Original listing
Agent: Sean K Connelly Office: RE/MAX 360
Previous Transaction - MLS #72371787
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 20, 2018
$240,000
MLS #72371787

Price & Status History

Date Event Price Change
May 15, 2025 Sold $400,000
Aug 18, 2020 New Listing Added $274,900
Sep 20, 2018 Sold $240,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$346

Tax History

Year Taxes Assessment
2020 $3,266 $226,000

Financial Details

Annual Property Tax
$3,266
Tax Year 2020
HOA Fee
$262
Monthly
Assessed Value
$226,000

Listing Information

Listing Agent Sean K Connelly
Listing Office RE/MAX 360
Agent MLS ID C8000743
Office MLS ID AN6149
Listing Data Updated Oct 1, 2020 9:32 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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