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24 Norman Street # 305, Salem MA 01970

Salem, MA 01970
$331,000
Est. $2,355/month
1
Beds
1
Baths
615
Sq Ft
$538
Price/Sq Ft
1980
Year Built
44
Days on Market
Closed Listed May 31, 2024 • MLS# 73245275 Copied!

About this home

Indulge in the ultimate urban lifestyle with this magnificent corner loft, penthouse condo, located in the heart of the vibrant and historic downtown Salem. This beautiful, modern, open concept unit features a good size living space with a remodeled kitchen with granite countertops and newer appliances, Ship's Ladder to sleeping area, high wood-beamed ceilings, beautiful brick walls, gleaming hardwood floor, oversized windows, central AC and laundry in the building. Professionally managed, located at a short distance to the MBTA train station, great city views, amazing restaurants, great stores, museums, banks and Salem State College. Parking pass for one car at Riley Plaza.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
1
Full Bathrooms
1
Living Area
615 sq ft
Total Rooms
3
Stories
2
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $314,000
Final Sale Price: $331,000
Difference: +$17,000 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $511
Sale $/sq ft: $538
This property sold for $538 per square foot
Sale Summary

This property sold for 5.4% above the original asking price, indicating strong buyer demand.

The property spent 44 days on market before selling.

Nearby Sales Comparison

Based on 21 similar properties sold within 0.5 miles in the last 90 days

This Property
$538/sq ft
Area Average
$381/sq ft
Difference
+41.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 615 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,898
Assessed Value $249,400

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1980
Structure Type: Mid-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features:

Location

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Neighborhood

24 Norman Street # 305, 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 $242
Homeowners Insurance $200
HOA Fee $240/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

9.7%
Price Range
36
Total Days on Market

Property Timeline

Sold
Aug 15, 2024
$331,000
Property sold
Days on Market: 36
🏠
Listed for Sale
May 31, 2024
$299,000
Original listing
Agent: Alvarado Group Office: StartPoint Realty & Associates

Price & Status History

Date Event Price Change
May 31, 2024 New Listing Added $299,000

Market Statistics

Days on Market
44 days
Price per Sq Ft
$538

Tax History

Year Taxes Assessment
2024 $2,898 $249,400

Financial Details

Annual Property Tax
$2,898
Tax Year 2024
HOA Fee
$240
Monthly
Assessed Value
$249,400

Listing Information

Listing Agent Alvarado Group
Agent MLS ID TM326520
Office MLS ID AN7223
Listing Data Updated Aug 17, 2024 12:30 AM 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

24 Norman Street # 305, Salem MA 01970 - Photo 1 24 Norman Street # 305, Salem MA 01970 - Photo 2 24 Norman Street # 305, Salem MA 01970 - Photo 3 24 Norman Street # 305, Salem MA 01970 - Photo 4 24 Norman Street # 305, Salem MA 01970 - Photo 5 24 Norman Street # 305, Salem MA 01970 - Photo 6 24 Norman Street # 305, Salem MA 01970 - Photo 7 24 Norman Street # 305, Salem MA 01970 - Photo 8 24 Norman Street # 305, Salem MA 01970 - Photo 9 24 Norman Street # 305, Salem MA 01970 - Photo 10 24 Norman Street # 305, Salem MA 01970 - Photo 11 24 Norman Street # 305, Salem MA 01970 - Photo 12 24 Norman Street # 305, Salem MA 01970 - Photo 13 24 Norman Street # 305, Salem MA 01970 - Photo 14 24 Norman Street # 305, Salem MA 01970 - Photo 15 24 Norman Street # 305, Salem MA 01970 - Photo 16 24 Norman Street # 305, Salem MA 01970 - Photo 17 24 Norman Street # 305, Salem MA 01970 - Photo 18 24 Norman Street # 305, Salem MA 01970 - Photo 19 24 Norman Street # 305, Salem MA 01970 - Photo 20 24 Norman Street # 305, Salem MA 01970 - Photo 21
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