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244 Salem St # 7, Malden MA 02148

Malden, MA 02148
$430,000
Est. $3,053/month
2
Beds
1
Baths
726
Sq Ft
$592
Price/Sq Ft
1965
Year Built
90
Days on Market
Closed Listed Sep 23, 2024 • MLS# 73293594 Copied!

About this home

Price drop!!! Location! Located just a short walk to downtown Malden and the Orange Line's Malden Station, you’ll have easy access to restaurants, shops, and the Northern Strand Community Trail for outdoor activities. The unit features an open-concept living area with beautiful hardwood floors and a well-appointed kitchen with solid wood cabinets and plenty of shelving, ideal for storage and organization.Both bedrooms are good sized with ample closet space and hardwood flooring throughout. The private balcony, tucked away from street traffic, is a great spot for enjoying your morning coffee or relaxing in the evening. The full bath is light and bright, ready to meet your needs.Additional features include coin-operated laundry and a private locked storage space on the lower level. The unit comes with two assigned parking spaces, plus extra guest parking and on-street parking options available. Take advantage of Malden’s residential exemption for potential savings!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1965
Bedrooms
2
Full Bathrooms
1
Living Area
726 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $450,000
Final Sale Price: $430,000
Difference: $20,000 (-4.4%)
Performance Metrics
95.6%
List to Sale Ratio
Sold below asking price
90
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $620
Sale $/sq ft: $592
This property sold for $592 per square foot
Sale Summary

This property sold for 4.4% below the original asking price.

The property spent 90 days on market before selling.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$592/sq ft
Area Average
$357/sq ft
Difference
+65.7%

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 1965
Living Area 726 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air
Cooling Window Unit(s)
Flooring Hardwood
Appliances Range, Microwave, Refrigerator
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Assigned
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Oven

Financial

Annual Tax $4,070
Assessed Value $348,200

Interior Features

Flooring: Hardwood
Appliances: Range, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry:
Security: Intercom

Construction & Materials

Year Built: 1965
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Assigned

Location

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Neighborhood

244 Salem St # 7, Malden MA 02148

Malden, MA 02148

Walkability

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Nearby Schools

School District
Malden School District local
B-
School Safety 2024-25
1.6% Average
1.5% Suspensions 1.0% In-School 0.1% Emergency
3.9% below state avg
E

Elementary Schools

8 schools
D
Salemwood School
0.4 mi | #324 of 352 | Score: 28.9
Dropped 70 spots from last year
-29.4 below state avg
1,033 students Diverse
Diverse Student Body
Grades K-08
Cheverus Elementary School
0.5 mi
Grades PK-08
B
Ferryway School
0.6 mi | #166 of 352 | Score: 43.0
Improved 23 spots from last year
-15.2 below state avg
920 students Very Diverse
Rising School Diverse Student Body
Grades K-08
B-
Forestdale School
0.7 mi | #185 of 352 | Score: 41.8
Dropped 12 spots from last year
-16.4 below state avg
539 students Very Diverse
Diverse Student Body
Grades K-08
A
Mystic Valley Regional Charter School
0.8 mi | #52 of 346 | Score: 67.0
Dropped 2 spots from last year
+8.8 above state avg
1,698 students Very Diverse
High Graduation Rate College Ready Curriculum Strong Athletics Diverse Student Body
Grades K-12
B-
Beebe School
1.1 mi | #196 of 352 | Score: 40.8
Dropped 50 spots from last year
-17.4 below state avg
921 students Very Diverse
Diverse Student Body
Grades K-08
B-
Linden School
1.3 mi | #197 of 352 | Score: 40.7
Improved 30 spots from last year
-17.5 below state avg
813 students Very Diverse
Rising School Diverse Student Body
Grades K-08
Malden Early Learning Center
0.2 mi
238 students Very Diverse
Diverse Student Body
Grades PK
H

High Schools

2 schools
C+
Malden High School
0.4 mi | #226 of 346 | Score: 48.9
Improved 72 spots from last year
-9.3 below state avg
1,890 students Very Diverse
14 sports • 856 athletes
Early College Program Rising School Diverse Student Body
Grades 09-12
Malden Catholic High School
0.7 mi
19 sports • 2,126 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

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 $339
Homeowners Insurance $200
HOA Fee $340/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

91
Total Days on Market

Property Timeline

Sold
Jan 23, 2025
$430,000
Property sold
Days on Market: 91
🏠
Listed for Sale
Sep 23, 2024
$430,000
Original listing
Office: The Realty Concierge

Price & Status History

Date Event Price Change
Sep 23, 2024 New Listing Added $430,000

Market Statistics

Days on Market
90 days
Price per Sq Ft
$592

Tax History

Year Taxes Assessment
2024 $4,070 $348,200

Financial Details

Annual Property Tax
$4,070
Tax Year 2024
HOA Fee
$340
Monthly
Assessed Value
$348,200

Listing Information

Listing Office The Realty Concierge
Agent MLS ID CN240123
Office MLS ID AC1685
Listing Data Updated Jan 26, 2025 3:26 PM EST
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 Malden, MA

Real-time market trends and pricing data for this area

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