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55 Ocean Ave # 1, Salem MA 01970

Salem, MA 01970 • South Salem
$450,000
2
Beds
1
Baths
1,168
Sq Ft
$385
Price/Sq Ft
0.10
Acres
1895
Year Built
1
Parking
20
Days on Market
Closed Listed Aug 15, 2024 • MLS# 73278372 Copied! • Updated Oct 24, 2024

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 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$385/sq ft
Area Average
$248/sq ft
Difference
+55.2%

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

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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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

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
Features On Street, Deeded
Total Spaces 1
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None
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
Seller Disclosures None
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
For Sale
Year Built
1895
Bedrooms
2
Full Bathrooms
1
Living Area
1,168 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Room Details

First Floor

Bathroom1
4.7 x 7.8
Bathroom - Full, Flooring - Vinyl
Dining Room
15.2 x 14.11
Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Crown Molding, Pocket Door
Kitchen
13 x 15.8
Flooring - Vinyl, Pantry, Kitchen Island, Recessed Lighting, Gas Stove, Crown Molding
Bedroom2
11.8 x 11.2
Flooring - Hardwood, Crown Molding, Closet - Double
Living Room
15.1 x 16.1
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony - Exterior, Cable Hookup, Deck - Exterior, Exterior Access, High Speed Internet Hookup, Crown Molding, Pocket Door
Master Bedroom
15 x 10
Ceiling Fan(s), Flooring - Hardwood, Crown Molding

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

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 information not available for this location.

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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