Filled with Salem spirit! This highly coveted penthouse unit is located minutes from the heart of town. Well-maintained 2 bedroom home has an abundance of historic charm, including a spectacular turret with Ceiling to floor shelves, and enormous original curved glass windows, waiting for you and your decorating touches. This condo features hard wood floors and in unit laundry! Unit includes personal deck off kitchen. Additional storage area in basement. Close proximity to the Boston ferry and commuter rail station make this a true commuter’s dream. Come see why Salem is a vibrant community of thriving shops, arts & culture, dining & entertainment, and history!
Sale Statistics
Sale Overview
Original List Price:$479,000
Final Sale Price:$515,000
Difference:
+$36,000 (+7.5%)
Performance Metrics
107.5%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$418
Sale $/sq ft:$450
This property sold for $450 per square foot
Sale Summary
This property sold for 7.5% above the original asking price, indicating strong buyer demand.
With only 5 days on market, this was a quick sale compared to typical market conditions.
Harbor, Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.39 acres
Lot Size
17,180 sq ft
Lot Size Area
0.3900
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Deeded
Utilities & Systems
Utilities Available
for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 100 Amp Service
Community & HOA
Community Features
Public Transportation, Pool, Park, Medical Facility, Highway Access, T-Station
HOA Fee
$402
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,869
Tax Year
2024
Tax Assessed Value
$419,000
Parcel Number
4733295
Zoning
R3
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Building Name
Renaissance Condos At 254 Lafayette St
Attached Property
Yes
Disclosures
2 windows in turret have historical limitations for replacing. Leak in common area 2nd floor ceiling and entry way railings currently being evaluated for repair. Dryer in unit not currently working.
