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24 West Ave # 2, Salem MA 01970

Salem, MA 01970 • Forest River
$400,000
Est. $2,518/month
2
Beds
1
Baths
1,208
Sq Ft
$331
Price/Sq Ft
1980
Year Built
17
Days on Market
Closed Listed Jul 26, 2024 • MLS# 73269904 Copied!

About this home

Welcome to 24 West Ave, a delightful 2-bedroom condo in the desirable Forest River Park neighborhood of Salem. This charming home offers 708sqft on the main level, plus an additional 500sqft in the finished basement, providing ample living space. The basement features a versatile guest room/office and an open entertainment space with a cozy wood-burning stove. This condo includes parking for 1 vehicle and access to a common yard/gardening area. With its prime location just minutes from Salem State University, this condo is perfect for anyone seeking a convenient and vibrant community. Forest River Park offers scenic trails, a beach, and picnic areas. Residents enjoy kayaking, bird-watching, and stunning waterfront views, making it a perfect retreat from city life. With no condo fee, this property offers affordable living in a prime location. Don't miss the chance to make this condo your new home and experience the comfort and convenience it offers. Offer deadline Tuesday at NOON.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,208 sq ft
Total Rooms
6
Stories
2
Entry Level
1
Main Level Bedrooms
2

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $400,000
Difference: +$1,000 (+0.3%)
Performance Metrics
100.3%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $330
Sale $/sq ft: $331
This property sold for $331 per square foot
Sale Summary

This property sold for 0.3% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$331/sq ft
Area Average
$377/sq ft
Difference
12.1%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,208 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 6

Interior

Heating Baseboard, Oil
Cooling None
Flooring Wood, Tile, Laminate, Flooring - Stone/ceramic Tile
Appliances Range, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, In Building
Features Home Office

Exterior

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

Parking

Features Off Street, On Street, Assigned, Paved
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,539
Assessed Value $304,600

Interior Features

Flooring: Wood, Tile, Laminate, Flooring - Stone/Ceramic Tile
Appliances: Range, Refrigerator
Interior Features: Home Office
Windows: Insulated Windows
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1980
Structure Type: Half-Duplex, Attached
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, On Street, Assigned, Paved

Location

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Neighborhood

Forest River

24 West Ave # 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 $295
Homeowners Insurance $200
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

0.3%
Price Range
19
Total Days on Market

Property Timeline

Sold
Sep 24, 2024
$400,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Jul 26, 2024
$399,000
Original listing
Agent: The Alianza Group Office: Nina-Soto Realty, LLC

Price & Status History

Date Event Price Change
Jul 26, 2024 New Listing Added $399,000

Market Statistics

Days on Market
17 days
Price per Sq Ft
$331

Tax History

Year Taxes Assessment
2024 $3,539 $304,600

Financial Details

Annual Property Tax
$3,539
Tax Year 2024
Assessed Value
$304,600

Listing Information

Listing Agent The Alianza Group
Listing Office Nina-Soto Realty, LLC
Agent MLS ID TM352293
Office MLS ID AN6324
Listing Data Updated Sep 25, 2024 9:59 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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