254 Lafayette Street # 1R, Salem MA 01970

Salem, MA 01970
$540,000
Est. $2,874/month
2
Beds
1
Baths
1,113
Sq Ft
$485
Price/Sq Ft
1880
Year Built
Condominium
Type
4
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73198091

About this home

Charming sun drenched Queen Anne Victorian boasts coffered ceilings, original mahogany woodwork, stain glassed windows, gas fireplace, Central air conditioning, 2 car deeded parking spaces and in unit washer and dryer enhance this restored Victorian the original home of William H. Gove. The Commuter Train, Salem Ferry and Bus Lines are a short distance away. Welcome to vibrant Salem. Offers due Sunday February 4th. at 6:00pm

Sale Statistics

Sale Overview
Original List Price: $489,999
Final Sale Price: $540,000
Difference: +$50,001 (+10.2%)
Performance Metrics
110.2%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $440
Sale $/sq ft: $485
This property sold for $485 per square foot
Sale Summary

This property sold for 10.2% above the original asking price, indicating strong buyer demand.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1880
Bedrooms
2
Full Bathrooms
1
Living Area
1,113 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Interior Features

Flooring
Hardwood, Flooring - Stone/Ceramic Tile
Heating
Hot Water, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Sun Room
Laundry Features
First Floor
Basement Details
Y
Door Features
French Doors

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Porch
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Assigned

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Medical Facility, House of Worship, Marina, Public School, T-Station, University
HOA Fee
$425
HOA Fee Frequency
Monthly
Association Amenities
Storage
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,914
Tax Year
2024
Tax Assessed Value
$419,700
Parcel Number
4701403
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
All appliances remain as gifts.

Location

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Neighborhood

254 Lafayette Street # 1R, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $410
Homeowners Insurance $200
HOA Fee $425
PMI $0

Property History

Market Insights

9.3%
Price Range
5
Total Days on Market

Property Timeline

Sold
Apr 12, 2024
$540,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Jan 31, 2024
$489,999
Original listing
Agent: Joshua Molk Office: John E. Murphy

Price & Status History

Date Event Price Change
Jan 31, 2024 New Listing Added $489,999

Market Statistics

Days on Market
4 days
Price per Sq Ft
$485

Tax History

Year Taxes Assessment
2024 $4,914 $419,700

Financial Details

Annual Property Tax
$4,914
Tax Year 2024
HOA Fee
$425
Monthly
Assessed Value
$419,700

Listing Information

Listing Agent Joshua Molk
Listing Office John E. Murphy
Agent MLS ID CN206262
Office MLS ID NB2812

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