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11 Church Street # 518, Salem MA 01970

Salem, MA 01970
$385,000
Est. $3,027/month
1
Beds
1
Baths
632
Sq Ft
$609
Price/Sq Ft
1990
Year Built
1
Days on Market
Closed Listed May 6, 2024 • MLS# 73233740 Copied!

About this home

Just move in to this attractive one bedroom condo situated on an upper floor of the Essex Condominium, centrally located in downtown Salem close to shopping, restaurants, and the Commuter Rail. The stainless steel appliances were purchased in 2019. Washer and dryer in the unit Some of the amenities include an elevator, indoor pool, exercise room, club room and extra storage. Seller loves living in this building so much that they are moving into a bigger unit to accomodate their growing family. A Do Not Miss!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1990
Bedrooms
1
Full Bathrooms
1
Living Area
632 sq ft
Total Rooms
3
Stories
1
Entry Level
5

Sale Statistics

Sale Overview
Original List Price: $339,900
Final Sale Price: $385,000
Difference: +$45,100 (+13.3%)
Performance Metrics
113.3%
List to Sale Ratio
Sold above asking price
1
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $538
Sale $/sq ft: $609
This property sold for $609 per square foot
Sale Summary

This property sold for 13.3% above the original asking price, indicating strong buyer demand.

With only 1 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 22 similar properties sold within 0.5 miles in the last 90 days

This Property
$609/sq ft
Area Average
$344/sq ft
Difference
+77.3%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1990
Living Area 632 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Unit Control
Cooling Central Air, Individual, Unit Control
Flooring Tile, Engineered Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood
Fireplace None
Basement N
Laundry First Floor, In Unit
Features None

Exterior

Construction None
Architecture None
Roof Shingle
Features Garden, Professional Landscaping
Pool Association, In Ground, Indoor
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Common, Off Street
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $3,420
Assessed Value $292,400

Interior Features

Flooring: Tile, Engineered Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1990
Structure Type: Mid-Rise
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Unit Control
Heating Zones: 1
Cooling: Central Air, Individual, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Garden, Professional Landscaping
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Common, Off Street

Location

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Neighborhood

11 Church Street # 518, 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 $285
Homeowners Insurance $200
HOA Fee $595/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

11.7%
Price Range
2
Total Days on Market

Property Timeline

Sold
Jun 28, 2024
$385,000
Property sold
Days on Market: 2
🏠
Listed for Sale
May 6, 2024
$339,900
Original listing
Agent: Karen DiRocco Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
May 6, 2024 New Listing Added $339,900

Market Statistics

Days on Market
1 days
Price per Sq Ft
$609

Tax History

Year Taxes Assessment
2024 $3,420 $292,400

Financial Details

Annual Property Tax
$3,420
Tax Year 2024
HOA Fee
$595
Monthly
Assessed Value
$292,400

Listing Information

Listing Agent Karen DiRocco
Listing Office Keller Williams Realty Evolution
Agent MLS ID C1461758
Office MLS ID C95098
Listing Data Updated Jun 28, 2024 3:12 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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