Dimensions4.7 x 7.8
FeaturesBathroom - Full, Flooring - Vinyl
LevelFirst
55 Ocean Ave # 1, Salem MA 01970
Salem, MA 01970 • South Salem
$450,000
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Sale Statistics
Sale Overview
Original List Price:
$435,000
Final Sale Price:
$450,000
Difference:
+$15,000 (+3.4%)
Performance Metrics
103.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$372
Sale $/sq ft:
$385
This property sold for $385 per square foot
Sale Summary
This property sold for 3.4% 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 18 similar properties sold within 0.5 miles in the last 90 days
This Property
$385/sq ft
Area Median
$431/sq ft
Difference
10.6%
This property sold below the area median, potentially representing good value for the buyer.
About this home
This delightful 2-bedroom condo in South Salem offers a perfect blend of historical charm and modern convenience. With stunning hardwood floors and period Victorian details, this space exudes warmth and character. The large windows and high ceilings provide a bright and airy atmosphere throughout. With its prime location just steps from Forest River Park and the vibrant downtown area, you'll enjoy easy access to green spaces, dining, and shopping. This pet- friendly unit offers exclusive parking, laundry, and storage. Don’t miss out on the chance to make 55 Ocean Ave your new address. Visit us at the open houses and experience the best of Salem Living!
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
3.3%
Price Range
22
Total Days on Market
Property Timeline
Sold
Oct 21, 2024
$450,000
Property sold
Days on Market: 22
Listed for Sale
Aug 15, 2024
$435,000
Original listing
Agent: Button and Co.
Office: LAER Realty Partners
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/21/2024 | ✓ Sold | $450,000 | - | - | Property sold |
| 08/15/2024 | 🏠 Listed for Sale | $435,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2024 | $4,690 | $403,600 |
Financial Details
Annual Property Tax
$4,690
Tax Year 2024
HOA Fee
$235
Monthly
Assessed Value
$403,600
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1895
Living Area
1,168 sq ft
Lot Size
0.10 acres
Bedrooms
2
Full Baths
1
Total Rooms
5
Interior
Heating
Forced Air, Natural Gas
Cooling
None
Flooring
Hardwood
Appliances
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace
Dining Room
Fireplaces
1
Basement
Y
Laundry
In Basement, In Building
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
On Street, Deeded
Total Spaces
1
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$4,690
Assessed Value
$403,600
HOA & Community
HOA Fee
$235 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["2\/3 Family"]
Unit/Building
1
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
22 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1895
Bedrooms
2
Full Bathrooms
1
Living Area
1,168 sq ft
Total Rooms
5
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Dimensions15.2 x 14.11
FeaturesCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding, Pocket Door
LevelFirst
Dimensions13 x 15.8
FeaturesFlooring - Vinyl, Pantry, Kitchen Island, Recessed Lighting, Gas Stove, Crown Molding
LevelFirst
Dimensions11.8 x 11.2
FeaturesFlooring - Hardwood, Crown Molding, Closet - Double
LevelFirst
Dimensions15.1 x 16.1
FeaturesFlooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony - Exterior, Cable Hookup, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Crown Molding, Pocket Door
LevelFirst
Dimensions15 x 10
FeaturesCeiling Fan(s), Flooring - Hardwood, Crown Molding
LevelFirst
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement:
Y
Laundry:
In Basement, In Building
Security:
Construction & Materials
Year Built:
1895
Structure Type:
2/3 Family
Exterior Materials:
Frame
Roof:
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Heating Zones:
1
Cooling:
None
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
Total Parking Spaces:
1
Parking Features:
On Street, Deeded
Special Features
Fireplaces:
1
Fireplace Type:
Dining Room
Community Amenities:
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Medical Facility, Public School, University
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.4 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
0.9 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.6 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.6 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.7 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B+
Bates School
2.0 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
C+
Collins Middle School
0.8 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.7 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B
Salem High School
0.9 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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Location
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Neighborhood
South Salem
55 Ocean Ave # 1, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Button and Co.
Listing Office
LAER Realty Partners
Office Phone
781-272-8100
Agent MLS ID
TM333920
Office MLS ID
AN1207
Listing Data Updated
Oct 24, 2024 11:53 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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