323 Lafayette Street # 3, Salem MA 01970

Salem, MA 01970

$400,000

Beds

Baths

868

Sq Ft

$461

Price/Sq Ft

1920

Year Built

Parking

Condominium

Type

147

Days on Market

Sold Listed Oct 10, 2024 • MLS# 73301189 Copied! • Updated May 16, 2025

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Sale Statistics

Sale Overview

Original List Price: $424,000

                            Final Sale Price:
                            $400,000
                        

Difference: $24,000 (-5.7%)

Performance Metrics

94.3%

List to Sale Ratio

Sold below asking price

147

Days on Market

Extended listing

Price per Square Foot Analysis

Original $/sq ft: $488

                            Sale $/sq ft:
                            $461
                        

This property sold for $461 per square foot

Sale Summary

This property sold for 5.7% below the original asking price.

At 147 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 14 similar properties sold within 0.5 miles in the last 90 days

This Property

$461/sq ft

Area Median

$442/sq ft

Difference

+4.2%

This property sold slightly above the area median for similar homes.

About this home

Located just steps from Salem State University, this cozy 2-bedroom, 1-bath condominium offers the perfect combination of convenience, comfort, and modern living. Situated in a pet-friendly complex with low fees, this home is ideal for both students and professionals alike. The open-concept living and dining area is filled with natural light and features a charming wood-burning fireplace. The kitchen has granite countertops and stainless steel appliances. Unit comes with two parking spaces, storage in basement, outdoor shared space with storage shed for bikes and lawn equipment, and in-building laundry. With close proximity to the University and Salem Hospital, easy access to major roadways and bus service, this unit offers the ideal location for enjoying the vibrant lifestyle of this picturesque town.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

41.5%

Price Range

131

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

May 15, 2025

$400,000

Property sold

Days on Market: 131

🏠

Listed for Sale

Oct 10, 2024

$410,000

Original listing

Agent: Michele Goodwin Office: Leading Edge Real Estate

Previous Transaction - MLS #72711398

Full transaction history available when tracking began

🏷️

Previously Sold

Sep 30, 2020

$300,000

MLS #72711398

View Listing →

Previous Transaction - MLS #72371787

Full transaction history available when tracking began

🏷️

Previously Sold

Sep 20, 2018

$240,000

MLS #72371787

View Listing →

Date	Event	Price	Change	$/sqft	Details
05/15/2025	✓ Sold	$400,000	-	-	Property sold
10/10/2024	🏠 Listed for Sale	$410,000	-	-	Original listing
09/30/2020	🏷️ Previously Sold	$300,000	-	-	MLS #72711398
09/20/2018	🏷️ Previously Sold	$240,000	-	-	MLS #72371787

Tax History

Year	Taxes	Assessment
2024	$3,395	$292,200

Financial Details

Annual Property Tax

$3,395

Tax Year 2024

HOA Fee

$283

Monthly

Assessed Value

$292,200

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1920

Living Area 868 sq ft

Bedrooms 2

Full Baths 1

Total Rooms 5

Interior

Heating Electric Baseboard, Radiant

Cooling Wall Unit(s)

Flooring Laminate

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator

Fireplace Living Room

Fireplaces 1

Basement Y

Laundry Common Area, In Building

Features None

Exterior

Construction Frame

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Deeded

Total Spaces 2

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Oven

Financial

Annual Tax $3,395

Assessed Value $292,200

HOA & Community

HOA Fee $283 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Trash

Amenities None

Optional Fee Includes None

Owner-Occupied Units 7

MA Disclosures

Seller Disclosures Please See Sellers Disclosure Statement. Pets Allowed With Board Approval. No Rentals Allowed. All Measurements Are Approximate And May Differ From Floor Plans. Buyer To Do All Due Diligence.

Exclusions Please See Inclusion/Exclusion List In Mls Documents

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden","Low-Rise"]

Unit/Building 3

Sq Ft Source Field Card

Sq Ft Disclosures Measurements are approximate and may differ between floor plan and listing info

Documents Master Deed, Unit Deed (2)

County Essex

Total market time (incl. prior listings) 131 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1920

Bedrooms

Full Bathrooms

Living Area

868 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Laminate

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator

Interior Features:

Windows:

Basement: Y

Laundry: Common Area, In Building

Security: Intercom

Construction & Materials

Year Built: 1920

Structure Type: Garden, Low-Rise

Exterior Materials: Frame

Roof: Shingle

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Electric Baseboard, Radiant

Heating Zones: 3

Cooling: Wall Unit(s)

Cooling Zones: 2

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: 2

Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1

Fireplace Type: Living Room

Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, House of Worship, Marina, Public School, University

Nearby Schools

School information not available for this location.

Location

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Neighborhood

323 Lafayette Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Office Leading Edge Real Estate

Office Phone 781-979-0100

Agent MLS ID B8000232

Office MLS ID AN4646

Listing Data Updated May 16, 2025 11:49 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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