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12 School St # 1, Salem MA 01970

Salem, MA 01970
$590,000
Est. $3,819/month
3
Beds
2
Baths
1,240
Sq Ft
$476
Price/Sq Ft
2015
Year Built
20
Days on Market
Closed Listed Jul 8, 2024 • MLS# 73261014 Copied!

About this home

Welcome to 12 School St! Move right into this beautiful 3-bed, 2-bath condo located in North Salem. Built in 2015, this first floor unit features a bright, open concept, floor plan with hardwood floors, a kitchen perfect for entertaining, a master bedroom with ensuite bathroom, large custom closet, two additional bedrooms, a second full bath and a low $150 per month HOA fee! 12 School Street is an ideal location for commuters, just half a mile to the Commuter Rail and 10 minutes to Route 128. Walk downtown in just 10 minutes or easily escape to one of the many surrounding North Shore towns/beaches without the hassle of Salem traffic. This condo also offers ample storage with a large, dedicated space in the basement and back hallway closet. Outdoor features include two deeded parking spaces, a well-maintained yard with patio, and peaceful Patten Park across the street. Pets Allowed OH 7/13 12-2 & 7/14 11-1. Offers due 7/15 at 12pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
2015
Bedrooms
3
Full Bathrooms
2
Living Area
1,240 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $579,900
Final Sale Price: $590,000
Difference: +$10,100 (+1.7%)
Performance Metrics
101.7%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $468
Sale $/sq ft: $476
This property sold for $476 per square foot
Sale Summary

This property sold for 1.7% 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 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$476/sq ft
Area Average
$413/sq ft
Difference
+15.2%

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 2015
Living Area 1,240 sq ft
Bedrooms 3
Full Baths 2
Total Rooms 5

Interior

Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup
Features None

Exterior

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

Parking

Features Off Street, Tandem, Deeded
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,830
Assessed Value $501,700

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 2015
Effective Year (Renovated): 2015
Structure Type: 2/3 Family
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 1

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Tandem, Deeded

Location

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Neighborhood

12 School St # 1, 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 $486
Homeowners Insurance $200
HOA Fee $150/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

1.7%
Price Range
22
Total Days on Market

Property Timeline

Sold
Aug 23, 2024
$590,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Jul 8, 2024
$579,900
Original listing
Agent: Cynda Rohmer Office: Sagan Harborside Sotheby's International Realty

Price & Status History

Date Event Price Change
Jul 8, 2024 New Listing Added $579,900

Market Statistics

Days on Market
20 days
Price per Sq Ft
$476

Tax History

Year Taxes Assessment
2024 $5,830 $501,700

Financial Details

Annual Property Tax
$5,830
Tax Year 2024
HOA Fee
$150
Monthly
Assessed Value
$501,700

Listing Information

Listing Agent Cynda Rohmer
Listing Office Sagan Harborside Sotheby's International Realty
Agent MLS ID B0660908
Office MLS ID AN4472
Listing Data Updated Aug 23, 2024 1:03 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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