55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
$430,000
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Sale Statistics
Sale Overview
Original List Price:
$399,900
Final Sale Price:
$430,000
Difference:
+$30,100 (+7.5%)
Performance Metrics
107.5%
List to Sale Ratio
Sold above asking price
7
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$287
Sale $/sq ft:
$308
This property sold for $308 per square foot
Sale Summary
This property sold for 7.5% above the original asking price, indicating strong buyer demand.
With only 7 days on market, this was a quick sale compared to typical market conditions.
Nearby Sales Comparison
Based on 15 similar properties sold within 0.5 miles in the last 90 days
This Property
$308/sq ft
Area Median
$416/sq ft
Difference
25.9%
This property sold below the area median, potentially representing good value for the buyer.
About this home
Beautiful Penthouse Condo with Victorian detail! This Home features 3 Bedrooms, 1 Bath, and nearly 1400 sq ft of living space. Spacious Kitchen with Upgraded Cabinets, Granite, SS Appliances, and Backsplash. Formal Dining Room with a Built-in Bar and Electric Fireplace. Bathroom with original Clawfoot Tub. Large living room loaded with Natural Light, Gleaming HW Floors, Faux Fireplace, and detailed crown molding. Gas Heating System (2015) Unit's own Washer/dryer in the basement. Ideal location to Commuter Rail, Short walk to downtown, Forest River Park, Salem Harbor, Salem State University, and restaurants. Unit comes with 1 deeded off street parking, shared grounds, patio, porch, and one garden bed for tenant’s use. Tons of storage with its closet space, attic, and blocked off basement area.
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Recently Sold Nearby
Price & Status History
Market Insights
55.8%
Price Range
8
Total Days on Market
4
Previous Sales
Property Timeline
Current Active Listing - MLS #73600739
Full transaction history available when tracking began
Currently Listed
Nov 10, 2026
$489,000
MLS #73600739 - Active
Sold
Jul 8, 2022
$430,000
Property sold
Days on Market: 8
Listed for Sale
Jun 15, 2022
$399,900
Original listing
Agent: Anthony Gallo
Office: RE/MAX 360
Previous Transaction - MLS #72428465
Full transaction history available when tracking began
Previously Sold
Jan 17, 2019
$303,900
MLS #72428465
Previous Transaction - MLS #71887950
Full transaction history available when tracking began
Previously Sold
Apr 28, 2016
$258,000
MLS #71887950
Previous Transaction - MLS #70140857
Full transaction history available when tracking began
Previously Sold
Apr 14, 2005
$275,000
MLS #70140857
Previous Transaction - MLS #30622217
Full transaction history available when tracking began
Previously Sold
Sep 25, 2002
$216,000
MLS #30622217
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/10/2026 | 🏡 Currently Listed | $489,000 | - | - | MLS #73600739 - Active |
| 07/08/2022 | ✓ Sold | $430,000 | - | - | Property sold |
| 06/15/2022 | 🏠 Listed for Sale | $399,900 | - | - | Original listing |
| 01/17/2019 | 🏷️ Previously Sold | $303,900 | - | - | MLS #72428465 |
| 04/28/2016 | 🏷️ Previously Sold | $258,000 | - | - | MLS #71887950 |
| 04/14/2005 | 🏷️ Previously Sold | $275,000 | - | - | MLS #70140857 |
| 09/25/2002 | 🏷️ Previously Sold | $216,000 | - | - | MLS #30622217 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2022 | $4,418 | $333,400 |
Financial Details
Annual Property Tax
$4,418
Tax Year 2022
HOA Fee
$219
Per month
Assessed Value
$333,400
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1895
Living Area
1,395 sq ft
Lot Size
0.10 acres
Bedrooms
3
Full Baths
1
Total Rooms
6
Interior
Heating
Forced Air, Natural Gas
Cooling
None
Flooring
Vinyl, Hardwood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
2
Basement
Y
Laundry
In Building
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Slate
Features
Porch, Patio, Garden
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch, Patio
Parking
Features
Off Street, Deeded
Total Spaces
1
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$4,418
Assessed Value
$333,400
HOA & Community
HOA Fee
$219
Fee Includes
Water, Sewer, Insurance, Maintenance Structure
Amenities
Garden Area
Optional Fee Includes
None
Owner-Occupied Units
3
Pets
Yes w/ Restrictions
MA Disclosures
Seller Disclosures
Seller Has Never Lived In Property And Makes No Warranties Or Representations. Pocket Doors Removed And Are In Basement, Fireplace In Living Room Is Faux And One In Dining Room Is Electric
Additional Details
Possession
None
Accepted Financing
Contract
Structure Type
["2\/3 Family"]
Unit/Building
3
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs (3)
County
Essex
Total market time (incl. prior listings)
8 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
3
Entry Level
3
Floor Layout
Interior Features
Flooring:
Vinyl, Hardwood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement:
Y
Laundry:
In Building
Security:
Construction & Materials
Year Built:
1895
Effective Year (Renovated):
2002
Structure Type:
2/3 Family
Exterior Materials:
Frame
Roof:
Slate
Foundation:
Stories:
3
Utilities & Systems
Heating:
Forced Air, Natural Gas
Cooling:
None
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Porch, Patio, Garden
Patio & Porch:
Porch, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Deeded
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, T-Station, University
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
9 schools
The Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.3 mi
Grades PK-08
C+
Saltonstall School
0.4 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
C
Horace Mann Laboratory School
0.9 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi
|
#339 of 825
|
Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.6 mi
|
#532 of 825
|
Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.6 mi
107 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.6 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
2.0 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
B-
Collins Middle School
0.8 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.7 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
0.9 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 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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Location
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Neighborhood
55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Anthony Gallo
Listing Office
RE/MAX 360
Office Phone
781-593-7611
Agent MLS ID
CN200545
Office MLS ID
AN4305
Listing Data Updated
Jul 10, 2022 8:25 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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