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2 Orient Way # 2, Salem MA 01970

Salem, MA 01970
$570,000
Est. $4,011/month
2
Beds
2.5
Baths
1,955
Sq Ft
$292
Price/Sq Ft
1986
Year Built
44
Days on Market
Closed Listed Jul 8, 2024 • MLS# 73260864 Copied!

About this home

OPEN HOUSE CANCELED - OFFER ACCEPTED. This mint condition, move-in ready townhouse offers a flexible, open concept floor plan with tons of natural sunlight with 2 bedrooms, 2 full and 1 ½ bath in a very private location in the highly sought after Hamlet Condominiums Association. The main floor offers a bright living room with a wood burning fireplace, dining area, half bathroom and an eat-in kitchen that offers plenty of natural light with a sliding glass door that accesses a beautiful outdoor space. The top level offers a large master bedroom with sliding doors to the balcony along with a master bath with plenty of closet and storage space. The second bedroom is large and also has access to a balcony and a second full bathroom. Both bedrooms have cathedral ceilings, modern ceiling fans and plenty of closet space and storage. The finished lower level offers even more usable space, and can be used as another bedroom or family room that leads to the 2 car garage.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1986
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,955 sq ft
Total Rooms
5
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $620,000
Final Sale Price: $570,000
Difference: $50,000 (-8.1%)
Performance Metrics
91.9%
List to Sale Ratio
Sold below asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $317
Sale $/sq ft: $292
This property sold for $292 per square foot
Sale Summary

This property sold for 8.1% below the original asking price.

The property spent 44 days on market before selling.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$292/sq ft
Area Average
$264/sq ft
Difference
+10.7%

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

Facts & Features

2 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1986
Living Area 1,955 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Electric Dryer Hookup, In Basement, In Unit, Gas Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 2
Has Garage Yes
Features Under, Off Street
Total Spaces 4

Utilities

Electric Fuses, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Gas Dryer, Washer Hookup

Financial

Annual Tax $6,007
Assessed Value $516,900

Interior Features

Flooring: Wood, Tile, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Electric Dryer Hookup, In Basement, In Unit, Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1986
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 4
Parking Features: Under, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University

Location

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Neighborhood

2 Orient Way # 2, 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 $501
Homeowners Insurance $200
HOA Fee $428/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

0.9%
Price Range
46
Total Days on Market

Property Timeline

Sold
Sep 12, 2024
$570,000
Property sold
Days on Market: 46
🏠
Listed for Sale
Jul 8, 2024
$574,900
Original listing
Agent: Philip O'Donnell Office: Aluxety

Price & Status History

Date Event Price Change
Jul 8, 2024 New Listing Added $574,900

Market Statistics

Days on Market
44 days
Price per Sq Ft
$292

Tax History

Year Taxes Assessment
2024 $6,007 $516,900

Financial Details

Annual Property Tax
$6,007
Tax Year 2024
HOA Fee
$428
Monthly
Assessed Value
$516,900

Listing Information

Listing Agent Philip O'Donnell
Listing Office Aluxety
Agent MLS ID C8000753
Office MLS ID AN8387
Listing Data Updated Sep 13, 2024 11:41 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

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