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160 Lafayette St # 2, Salem MA 01970

Salem, MA 01970 • South Salem
$515,000
Est. $3,447/month
2
Beds
1
Baths
1,330
Sq Ft
$387
Price/Sq Ft
0.12
Acres
1915
Year Built
11
Days on Market
Closed Listed Jul 10, 2024 • MLS# 73262226 Copied!

About this home

Brimming with updates, this spacious 2+ bed condo in a hidden gem of a neighborhood is the perfect place to start your home ownership journey! Who says "adulting" needs to be boring? At 160 Lafayette, you'll truly thrive with a 97 Walk Score highlighted by vibey nightlife (hello Hotel Salem rooftop bar), delicious brunch at Ledger, cozy neighborhood hangs at The Babe, and all the culture (Peabody Essex Museum, Salem Pioneer Village) this historic community has to offer. You're close to *everything*, yet far enough away to enjoy "me time" peacefully. At home - YOUR home - you'll enjoy new appliances (in-unit laundry, dishwasher, gas stove w/ air fryer, SS fridge), recent lead paint treatment, an updated bathroom, new light fixtures, and absolutely stunning hardwood floors soaked in natural light. The living room at sunrise is a sight to behold! Private back deck, front balcony, storage space in the basement, and substantial recent exterior updates round out the property. Come see!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1915
Bedrooms
2
Full Bathrooms
1
Living Area
1,330 sq ft
Total Rooms
6
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $500,000
Final Sale Price: $515,000
Difference: +$15,000 (+3.0%)
Performance Metrics
103.0%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $376
Sale $/sq ft: $387
This property sold for $387 per square foot
Sale Summary

This property sold for 3.0% above the original asking price, indicating strong buyer demand.

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

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$387/sq ft
Area Average
$329/sq ft
Difference
+17.6%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1915
Living Area 1,330 sq ft
Lot Size 0.12 acres
Bedrooms 2
Full Baths 1
Total Rooms 6

Interior

Heating Central, Hot Water, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood, Flooring - Hardwood
Appliances Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement Y
Laundry Gas Dryer Hookup, Washer Hookup, Second Floor
Features Kitchen, Sitting Room

Exterior

Construction Frame
Architecture None
Roof Slate
Features Porch, Deck, Balcony, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch, Deck

Parking

Features Off Street
Total Spaces 1

Utilities

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

Financial

Annual Tax $4,037
Assessed Value $347,400

Interior Features

Flooring: Tile, Hardwood, Flooring - Hardwood
Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features: Kitchen, Sitting Room
Windows: Insulated Windows
Basement: Y
Laundry: Gas Dryer Hookup, Washer Hookup, Second Floor
Security:

Construction & Materials

Year Built: 1915
Effective Year (Renovated): 2002
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Hot Water, Natural Gas
Heating Zones: 1
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Deck, Balcony, Fenced Yard
Patio & Porch: Porch, Deck
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Location

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Neighborhood

South Salem

160 Lafayette St # 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 $336
Homeowners Insurance $200
HOA Fee $306/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

2.9%
Price Range
12
Total Days on Market

Property Timeline

Sold
Aug 22, 2024
$515,000
Property sold
Days on Market: 12
🏠
Listed for Sale
Jul 10, 2024
$500,000
Original listing
Agent: Adam Shulman Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Jul 10, 2024 New Listing Added $500,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$387

Tax History

Year Taxes Assessment
2024 $4,037 $347,400

Financial Details

Annual Property Tax
$4,037
Tax Year 2024
HOA Fee
$306
Monthly
Assessed Value
$347,400

Listing Information

Listing Agent Adam Shulman
Listing Office Leading Edge Real Estate
Agent MLS ID CN226474
Office MLS ID AN4646
Listing Data Updated Aug 22, 2024 12:15 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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