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16 America Way, Salem MA 01970

Salem, MA 01970 • South Salem
$540,000
Est. $3,859/month
2
Beds
2
Baths
1,361
Sq Ft
$397
Price/Sq Ft
1980
Year Built
140
Days on Market
Closed Listed Sep 26, 2024 • MLS# 73295044 Copied!

About this home

Move-in ready! 2 Bedroom / 2 Bathroom condominium located on the main living level. Close to 1,400sf, single-level living, genuine hardwood Maple flooring, with an open floor plan with front-to-back layout. The natural sunlight flows generously through its many windows. Custom built walk-in closet in the primary bedroom along with a heated, ensuite bath. Nothing is basic here, all brand new kitchen appliances, new hot water heater, custom shower door, eye catching ceramic tile and all new fixtures in both baths. Central A/C, deeded garage parking with additional deeded space, and extra deeded storage. Full sized washer & dryer to be left as gifts. Pet-friendly, tennis courts, clubhouse, in-ground swimming pool, private walking trails, nearby public transportation, Vinnin Square, restaurants, shopping and within a few miles of the ocean and beaches.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
2
Living Area
1,361 sq ft
Total Rooms
5
Stories
1
Entry Level
1
Main Level Bedrooms
2

Sale Statistics

Sale Overview
Original List Price: $576,000
Final Sale Price: $540,000
Difference: $36,000 (-6.3%)
Performance Metrics
93.8%
List to Sale Ratio
Sold below asking price
140
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $423
Sale $/sq ft: $397
This property sold for $397 per square foot
Sale Summary

This property sold for 6.3% below the original asking price.

At 140 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$397/sq ft
Area Average
$185/sq ft
Difference
+114.2%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,361 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Heat Pump, Electric
Cooling Central Air, Heat Pump, Individual, Unit Control
Flooring Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Main Level, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features Entrance Foyer

Exterior

Construction Brick
Architecture None
Roof Shingle
Features Balcony / Deck, Covered Patio/deck, Rain Gutters, Professional Landscaping, Sprinkler System, Stone Wall, Tennis Court(s)
Pool Association, In Ground
Spa None
Fencing None
Patio/Porch Covered

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Deeded, Assigned, Off Street, Common, Guest, Paved
Total Spaces 2

Utilities

Electric 220 Volts, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,927
Assessed Value $424,000

Interior Features

Flooring: Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Entrance Foyer
Windows: Insulated Windows
Basement: N
Laundry: Main Level, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1980
Structure Type: Garden
Exterior Materials: Brick
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Cooling: Central Air, Heat Pump, Individual, Unit Control
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony / Deck, Covered Patio/Deck, Rain Gutters, Professional Landscaping, Sprinkler System, Stone Wall, Tennis Court(s)
Patio & Porch: Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Deeded, Assigned, Off Street, Common, Guest, Paved

Location

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Neighborhood

South Salem

16 America Way, Salem MA 01970

Salem, MA 01970

Walkability

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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
E

Elementary Schools

3 schools
The Greenhouse School
1.0 mi
Grades PK-08
B+
Swampscott Elementary School
1.0 mi | #326 of 824 | Score: 50.0
Dropped 54 spots from last year
-8.2 below state avg
Limited historical data for year-over-year comparison
734 students Moderate
Grades K-04
The Hathaway School
1.3 mi
Grades PK-08
M

Middle Schools

3 schools
B+
Swampscott Middle School
0.9 mi | #122 of 352 | Score: 47.2
Dropped 51 spots from last year
-11 below state avg
654 students Moderate
Grades PK-08
C-
Thurgood Marshall Middle School
1.7 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Collins Middle School
2.0 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
H

High Schools

3 schools
A-
Swampscott High School
0.8 mi | #98 of 346 | Score: 60.1
Dropped 66 spots from last year
+1.9 above state avg
706 students Moderate
18 sports • 1,578 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
B
Salem High School
1.4 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
A-
Marblehead High School
1.9 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $411
Homeowners Insurance $200
HOA Fee $518/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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$0/mo
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Current Rate
$0/mo
+0.5% Rate
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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

0.7%
Price Range
140
Total Days on Market

Property Timeline

Sold
Mar 13, 2025
$540,000
Property sold
Days on Market: 140
🏠
Listed for Sale
Sep 26, 2024
$544,000
Original listing
Agent: Kimberly O'Donnell Office: NextHome North Shore Realty

Price & Status History

Date Event Price Change
Sep 26, 2024 New Listing Added $544,000

Market Statistics

Days on Market
140 days
Price per Sq Ft
$397

Tax History

Year Taxes Assessment
2024 $4,927 $424,000

Financial Details

Annual Property Tax
$4,927
Tax Year 2024
HOA Fee
$518
Monthly
Assessed Value
$424,000

Listing Information

Listing Agent Kimberly O'Donnell
Agent MLS ID CN235006
Office MLS ID AN8103
Listing Data Updated Mar 13, 2025 12:16 PM 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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