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289 Essex St # 301, Salem MA 01970

Salem, MA 01970
$390,000
Est. $2,763/month
1
Beds
1
Baths
709
Sq Ft
$550
Price/Sq Ft
0.31
Acres
1987
Year Built
20
Days on Market
Closed Listed Jun 19, 2024 • MLS# 73254653 Copied!

About this home

Great Downtown Salem Location with 1 deeded garage parking space! Convenient to public transportation, train station, YMCA, fine dining, breweries, and shops. Tastefully updated 1 bedroom unit with laminated wood flooring. Large living and dining room combination, great for entertaining. Updated kitchen with stainless steel appliances, modern cabinets and counter tops. Bedroom with walk in closet. Plenty of closet space in the unit, plus an additional storage space in the building. Newer heating and air conditioning systems Third floor unit with easy access to the elevator. Showings begin at first Open House on Saturday June 22nd at 10:00 AM to 11:30 AM and Sunday June 23rd from 1:00 to 2:30.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
1
Full Bathrooms
1
Living Area
709 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $369,900
Final Sale Price: $390,000
Difference: +$20,100 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $522
Sale $/sq ft: $550
This property sold for $550 per square foot
Sale Summary

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

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$550/sq ft
Area Average
$355/sq ft
Difference
+55.1%

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 1987
Living Area 709 sq ft
Lot Size 0.31 acres
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Electric
Cooling Central Air, Heat Pump
Flooring Tile, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Common Area, In Building
Features Closet, Cable Hookup, Living/dining Rm Combo

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Garage Door Opener, Deeded
Total Spaces 1

Utilities

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

Financial

Annual Tax $4,046
Assessed Value $348,200

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Closet, Cable Hookup, Living/Dining Rm Combo
Windows: Window(s) - Picture, Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security: Intercom, Security System

Construction & Materials

Year Built: 1987
Effective Year (Renovated): 2004
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Electric
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
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

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Garage Door Opener, Deeded

Location

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Neighborhood

289 Essex St # 301, 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 $337
Homeowners Insurance $200
HOA Fee $254/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

5.2%
Price Range
22
Total Days on Market

Property Timeline

Sold
Aug 16, 2024
$390,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Jun 19, 2024
$369,900
Original listing
Agent: Catherine St. Pierre Office: Armstrong Field Real Estate

Price & Status History

Date Event Price Change
Jun 19, 2024 New Listing Added $369,900

Market Statistics

Days on Market
20 days
Price per Sq Ft
$550

Tax History

Year Taxes Assessment
2024 $4,046 $348,200

Financial Details

Annual Property Tax
$4,046
Tax Year 2024
HOA Fee
$254
Monthly
Assessed Value
$348,200

Listing Information

Agent MLS ID C8001712
Office MLS ID C95180
Listing Data Updated Aug 18, 2024 3:00 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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