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194 Lafayette Street, Salem MA 01970

Salem, MA 01970
$725,000
Est. $3,859/month
5
Beds
3
Baths
2,716
Sq Ft
$267
Price/Sq Ft
0.13
Acres
1915
Year Built
Single Family Residence
Type
11
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73245698

About this home

Steps from downtown Salem and Salem University, Commuter Rail T Stop on Canal St & Directly across from the Saltonstall School is 194 Lafayette St. Located on the corner of Lafayette & Gardner this 2,716 SQFT Single Family home has 4 bedrooms, 3 baths, 2 car garage, a Fabulous Grand Foyer, Fireplaced Living room, hardwood floors and High Ceilings with lots of cool period details. Enjoy hand-painted Old Salem murals painted by a local artist. Updates: Two large newly added showers, recessed lighting, new roof, interior and exterior painting. Property is tenant occupied but will be delivered vacant September 1st at expiration of lease. Sold As Is.

Sale Statistics

Sale Overview
Original List Price: $850,000
Final Sale Price: $725,000
Difference: $125,000 (-14.7%)
Performance Metrics
85.3%
List to Sale Ratio
Sold below asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $313
Sale $/sq ft: $267
This property sold for $267 per square foot
Sale Summary

This property sold for 14.7% below the original asking price.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1915
Bedrooms
5
Full Bathrooms
3
Living Area
2,716 sq ft
Total Rooms
12

Interior Features

Flooring
Hardwood
Heating
Hot Water
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Water Heater, Range, Oven, Dishwasher, Refrigerator, Freezer, Washer, Dryer
Laundry Features
Electric Dryer Hookup, Washer Hookup, In Basement

Exterior & Structure

Architectural Style
Colonial
Foundation
Block
Foundation Area
2,716 sq ft
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.13 acres
Lot Size
5,732 sq ft
Lot Size Area
0.1300
Lot Features
Corner Lot, Level

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Total Non-Garage Parking Spaces
2
Covered Parking Spaces
2

Utilities & Systems

Utilities Available
for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
110 Volts

Community & HOA

HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,934
Tax Year
2019
Tax Assessed Value
$393,000
Parcel Number
2135419
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Selling agent has ownership interest. Some wear and tear to flooring, windows, and appliances from tenants. Some second floor ceiling lights are defective. See Seller's Disclosure.

Location

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Neighborhood

194 Lafayette Street, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $495
Homeowners Insurance $200
PMI $0

Property History

Market Insights

9.4%
Price Range
13
Total Days on Market

Property Timeline

✓
Sold
Sep 3, 2024
$725,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Jun 1, 2024
$800,000
Original listing
Office: Keller Williams Realty

Price & Status History

Date Event Price Change
Jun 1, 2024 New Listing Added $800,000 —

Market Statistics

Days on Market
11 days
Price per Sq Ft
$267

Tax History

Year Taxes Assessment
2019 $5,934 $393,000

Financial Details

Annual Property Tax
$5,934
Tax Year 2019
Assessed Value
$393,000

Listing Information

Listing Agent Alex Morrall
Listing Office Keller Williams Realty
Agent MLS ID CN250144
Office MLS ID BB5962

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