Toggle Side Panel

48 Lafayette Place # A, Salem MA 01970

Salem, MA 01970
$600,000
Est. $3,193/month
2
Beds
1.5
Baths
1,276
Sq Ft
$470
Price/Sq Ft
1980
Year Built
Condominium
Type
11
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73213551

About this home

Welcome home to this charming 2-bed, 1.5-bath townhome in South Salem, just a mile from downtown. Hardwood floors, abundant storage, and natural light accentuate this inviting space. The first floor boasts a formal living room, galley kitchen flowing into the dining room, a convenient half bath, and a bonus living area with skylights, a gas stove, and backyard access. Upstairs, two well-appointed bedrooms with plentiful closet space await along with a full bath. Outdoor enthusiasts will love the fenced backyard with a spacious patio. Minutes to the ocean, parks, bike paths, the MBTA commuter rail, Salem State University, and the quaint downtown's of Salem and Marblehead.

Sale Statistics

Sale Overview
Original List Price: $549,000
Final Sale Price: $600,000
Difference: +$51,000 (+9.3%)
Performance Metrics
109.3%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $430
Sale $/sq ft: $470
This property sold for $470 per square foot
Sale Summary

This property sold for 9.3% above the original asking price, indicating strong buyer demand.

With only 11 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
1980
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,276 sq ft
Total Rooms
6
Stories
2
Entry Level
1

Interior Features

Flooring
Hardwood
Heating
Baseboard, 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, Trash Compactor, Microwave, Refrigerator, Washer, Dryer
Laundry Features
In Basement, In Unit, Gas Dryer Hookup, Washer Hookup
Basement Details
Y

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Patio, Decorative Lighting, Fenced Yard, Garden
Patio/Porch Features
Patio
Fencing
Fenced
Has Spa
No
Waterfront Features
Ocean, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Garage Door Opener, Off Street
Covered Parking Spaces
1

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
Water Source
Public, Individual Meter
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
HOA Fee
$200
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,312
Tax Year
2024
Tax Assessed Value
$457,100
Parcel Number
2135388
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
New Heating System & Hot Water Heater installed November 2023.
Listing Terms
Contract

Location

Loading map...

Neighborhood

48 Lafayette Place # A, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Schools

Elementary School
Saltonstall
Rating information coming soon
Middle School
Saltonstall
Rating information coming soon
High School
Salem/Charter
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $443
Homeowners Insurance $200
HOA Fee $200
PMI $0

Property History

Market Insights

8.5%
Price Range
12
Total Days on Market

Property Timeline

✓
Sold
May 10, 2024
$600,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Mar 18, 2024
$549,000
Original listing
Office: Aluxety

Price & Status History

Date Event Price Change
Mar 18, 2024 New Listing Added $549,000 —

Market Statistics

Days on Market
11 days
Price per Sq Ft
$470

Tax History

Year Taxes Assessment
2024 $5,312 $457,100

Financial Details

Annual Property Tax
$5,312
Tax Year 2024
HOA Fee
$200
Monthly
Assessed Value
$457,100

Listing Information

Listing Agent Benjamin Kapnis
Listing Office Aluxety
Agent MLS ID CN231037
Office MLS ID AN8387

Similar Homes

48 Lafayette Place # A, Salem MA 01970 - Photo 1 48 Lafayette Place # A, Salem MA 01970 - Photo 2 48 Lafayette Place # A, Salem MA 01970 - Photo 3 48 Lafayette Place # A, Salem MA 01970 - Photo 4 48 Lafayette Place # A, Salem MA 01970 - Photo 5 48 Lafayette Place # A, Salem MA 01970 - Photo 6 48 Lafayette Place # A, Salem MA 01970 - Photo 7 48 Lafayette Place # A, Salem MA 01970 - Photo 8 48 Lafayette Place # A, Salem MA 01970 - Photo 9 48 Lafayette Place # A, Salem MA 01970 - Photo 10 48 Lafayette Place # A, Salem MA 01970 - Photo 11 48 Lafayette Place # A, Salem MA 01970 - Photo 12 48 Lafayette Place # A, Salem MA 01970 - Photo 13 48 Lafayette Place # A, Salem MA 01970 - Photo 14 48 Lafayette Place # A, Salem MA 01970 - Photo 15 48 Lafayette Place # A, Salem MA 01970 - Photo 16 48 Lafayette Place # A, Salem MA 01970 - Photo 17 48 Lafayette Place # A, Salem MA 01970 - Photo 18 48 Lafayette Place # A, Salem MA 01970 - Photo 19 48 Lafayette Place # A, Salem MA 01970 - Photo 20 48 Lafayette Place # A, Salem MA 01970 - Photo 21 48 Lafayette Place # A, Salem MA 01970 - Photo 22 48 Lafayette Place # A, Salem MA 01970 - Photo 23 48 Lafayette Place # A, Salem MA 01970 - Photo 24 48 Lafayette Place # A, Salem MA 01970 - Photo 25 48 Lafayette Place # A, Salem MA 01970 - Photo 26 48 Lafayette Place # A, Salem MA 01970 - Photo 27 48 Lafayette Place # A, Salem MA 01970 - Photo 28 48 Lafayette Place # A, Salem MA 01970 - Photo 29 48 Lafayette Place # A, Salem MA 01970 - Photo 30 48 Lafayette Place # A, Salem MA 01970 - Photo 31 48 Lafayette Place # A, Salem MA 01970 - Photo 32 48 Lafayette Place # A, Salem MA 01970 - Photo 33

Contact Agent

Schedule a Tour