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55 Ocean Ave # 3, Salem MA 01970

Salem, MA 01970
$430,000
3
Beds
1
Baths
1,395
Sq Ft
$308
Price/Sq Ft
0.10
Acres
1895
Year Built
1
Parking
7
Days on Market
Closed Listed Jun 15, 2022 • MLS# 72997761 Copied! • Updated Jul 10, 2022

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

This Property
$308/sq ft
Area Average
$248/sq ft
Difference
+24.2%

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

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

Property History

Market Insights

48.3%
Price Range
8
Total Days on Market
2
Previous Sales

Property Timeline

Current Active Listing - MLS #73545195
Full transaction history available when tracking began
🏡
Currently Listed
Jul 6, 2026
$499,000
MLS #73545195 - 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

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
Features Off Street, Deeded
Total Spaces 1
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
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
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
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
For Sale
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
3
Entry Level
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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

Heating, Cooling & Utilities

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
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

9 schools
The Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.4 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
C-
Horace Mann Laboratory School
0.9 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
B
Witchcraft Heights School
1.5 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.6 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
1.6 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
2.0 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.8 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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.7 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
0.9 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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Location

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Neighborhood

55 Ocean Ave # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Anthony Gallo
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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