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3 Essex Street # 2, Salem MA 01970

Salem, MA 01970
$400,000
Est. $2,726/month
3
Beds
1
Baths
938
Sq Ft
$426
Price/Sq Ft
0.09
Acres
1900
Year Built
12
Days on Market
Closed Listed Mar 25, 2021 • MLS# 72803895 Copied!

About this home

Charming seaside condo right off Collins Cove with year-round views of the water from the balcony. This recently updated second floor unit opens to gleaming wide pine floors and big bay windows with decorative molding throughout. Large eat-in kitchen features cherry cabinets and stainless steel appliances including gas range. Versatile floorplan offers two or three bedrooms with ample storage. The third bedroom is currently used as a living room. Laundry in-unit, extra storage in the basement, and two deeded parking spots included. The fenced backyard offers a beautiful backdrop for entertaining and is ready for grilling, gardening & relaxing in the glow of extraordinary sunsets. Treat yourself to a donut from Ziggy's next door and enjoy your morning coffee on the oversized private deck with water views. Awesome location just 50 yards to Collins Cove public beach and bike path. Close to Salem Common, Downtown Salem restaurants & attractions, and the Commuter Rail.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
3
Full Bathrooms
1
Living Area
938 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $375,000
Final Sale Price: $400,000
Difference: +$25,000 (+6.7%)
Performance Metrics
106.7%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $400
Sale $/sq ft: $426
This property sold for $426 per square foot
Sale Summary

This property sold for 6.7% above the original asking price, indicating strong buyer demand.

With only 12 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 10 similar properties sold within 0.5 miles in the last 90 days

This Property
$426/sq ft
Area Average
$356/sq ft
Difference
+19.8%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 938 sq ft
Lot Size 0.09 acres
Bedrooms 3
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Vinyl, Hardwood
Appliances Range, Microwave, Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Washer
Fireplace None
Basement Y
Laundry None
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch, Deck
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck

Parking

Features Off Street
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,636
Assessed Value $263,500

Interior Features

Flooring: Vinyl, Hardwood
Appliances: Range, Microwave, Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Washer
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1900
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Location

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Neighborhood

3 Essex Street # 2, 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
C+
Bentley Academy Innovation School
0.3 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.3 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.5 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

3 schools
C+
Collins Middle School
1.3 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
1.8 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi | #115 of 352 | Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students Moderate
Rising School Strong Attendance
Grades 04-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.6 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
Bishop Fenwick High School
1.8 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B
Salem High School
1.9 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
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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 $303
Homeowners Insurance $200
HOA Fee $200/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

40.2%
Price Range
13
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73231749
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 11, 2024
$490,000
MLS #73231749
Sold
May 14, 2021
$400,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Mar 25, 2021
$375,000
Original listing
Agent: Francesca Driscoll Office: Redfin Corp.
Previous Transaction - MLS #72137434
Full transaction history available when tracking began
🏷️
Previously Sold
May 22, 2017
$293,000
MLS #72137434

Price & Status History

Date Event Price Change
Jun 11, 2024 Sold $490,000
Mar 25, 2021 New Listing Added $375,000
May 22, 2017 Sold $293,000

Market Statistics

Days on Market
12 days
Price per Sq Ft
$426

Tax History

Year Taxes Assessment
2021 $3,636 $263,500

Financial Details

Annual Property Tax
$3,636
Tax Year 2021
HOA Fee
$200
Monthly
Assessed Value
$263,500

Listing Information

Listing Agent Francesca Driscoll
Listing Office Redfin Corp.
Agent MLS ID CT007230
Office MLS ID NB3534
Listing Data Updated May 14, 2021 4:01 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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