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3 Spruance Way # 3B, Salem MA 01970

Salem, MA 01970 • South Salem
$450,000
Est. $3,281/month
2
Beds
1.5
Baths
1,600
Sq Ft
$281
Price/Sq Ft
1980
Year Built
8
Days on Market
Closed Listed Apr 11, 2024 • MLS# 73222776 Copied!

About this home

ACCEPTED OFFER, HOWEVER I WILL STILL HOLD THE OPEN HOUSE FOR BACKUP OFFERS. Nestled within professionally maintained buildings and grounds, this 2 bed. 1.5 bath Pickman Park townhouse promises a low-maintenance lifestyle that allows you to focus on enjoying your surroundings. As you step up into the main level, you're greeted by the inviting living room featuring hardwood floors, a beautiful fireplace, vaulted ceilings, and sliders that open onto your private deck. Whether you're enjoying your morning coffee or entertaining friends, this outdoor space provides a versatile extension of your living area. The eat in kitchen is well-equipped with ample counter space, making meal preparation a breeze. Two bedrooms and a full bathroom complete the main level. On the ground floor level, you'll find a flex space for office, gym or guest room, along with laundry room and a half bath. Residents of Pickman Park enjoy exclusive access to the association pool and clubhouse.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,600 sq ft
Total Rooms
5
Stories
2
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $429,900
Final Sale Price: $450,000
Difference: +$20,100 (+4.7%)
Performance Metrics
104.7%
List to Sale Ratio
Sold above asking price
8
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $269
Sale $/sq ft: $281
This property sold for $281 per square foot
Sale Summary

This property sold for 4.7% above the original asking price, indicating strong buyer demand.

With only 8 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$281/sq ft
Area Average
$382/sq ft
Difference
26.5%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,600 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Heat Pump, Electric
Cooling Central Air
Flooring Tile, Carpet, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup, In Basement, In Unit
Features Central Vacuum

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck - Wood
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Deck - Wood

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Under, Storage, Off Street, Deeded
Total Spaces 3

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,414
Assessed Value $379,900

Interior Features

Flooring: Tile, Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features: Central Vacuum
Windows: Insulated Windows, Storm Window(s)
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup, In Basement, In Unit
Security:

Construction & Materials

Year Built: 1980
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Wood
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Attached, Under, Storage, Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University

Location

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Neighborhood

South Salem

3 Spruance Way # 3B, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $368
Homeowners Insurance $200
HOA Fee $438/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

4.5%
Price Range
9
Total Days on Market

Property Timeline

Sold
May 10, 2024
$450,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Apr 11, 2024
$429,900
Original listing
Agent: Paula Pickett Office: Coldwell Banker Realty - Marblehead

Price & Status History

Date Event Price Change
Apr 11, 2024 New Listing Added $429,900

Market Statistics

Days on Market
8 days
Price per Sq Ft
$281

Tax History

Year Taxes Assessment
2024 $4,414 $379,900

Financial Details

Annual Property Tax
$4,414
Tax Year 2024
HOA Fee
$438
Monthly
Assessed Value
$379,900

Listing Information

Listing Agent Paula Pickett
Listing Office Coldwell Banker Realty - Marblehead
Agent MLS ID C5545847
Office MLS ID AN6221
Listing Data Updated May 10, 2024 8:24 PM 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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