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323 Lafayette Street # 3, Salem MA 01970

Salem, MA 01970
$400,000
2
Beds
1
Baths
868
Sq Ft
$461
Price/Sq Ft
1920
Year Built
2
Parking
147
Days on Market
Closed Listed Oct 10, 2024 • MLS# 73301189 Copied! • Updated May 16, 2025

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

This Property
$461/sq ft
Area Average
$324/sq ft
Difference
+42.3%

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

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.

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Recently Sold Nearby

Property History

Market Insights

41.5%
Price Range
131
Total Days on Market
2
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
Previous Transaction - MLS #72371787
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 20, 2018
$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
Features Off Street, Deeded
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven
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
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
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
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
1
Living Area
868 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Room Details

First Floor

Bathroom1
12 x 5.7
Bathroom - Full, Bathroom - With Tub & Shower
Dining Room
12.8 x 9
Flooring - Laminate
Kitchen
11 x 9
Flooring - Laminate, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Bedroom2
12 x 12
Ceiling Fan(s), Closet, Flooring - Laminate
Living Room
14.6 x 12
Flooring - Laminate
Master Bedroom
14 x 12
Ceiling Fan(s), Closet, Flooring - Laminate

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

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.

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