Dimensions10 x 6
FeaturesBathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
LevelSecond
5 Majestic Way # 5, Salem MA 01970
Salem, MA 01970
$417,000
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Sale Statistics
Sale Overview
Original List Price:
$439,900
Final Sale Price:
$417,000
Difference:
$22,900 (-5.2%)
Performance Metrics
94.8%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$419
Sale $/sq ft:
$398
This property sold for $398 per square foot
Sale Summary
This property sold for 5.2% below the original asking price.
The property spent 35 days on market before selling.
Nearby Sales Comparison
Based on 8 similar properties sold within 0.5 miles in the last 90 days
This Property
$398/sq ft
Area Median
$325/sq ft
Difference
+22.4%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
About this home
Welcome to the sought-after Hamlet Complex, where tranquility meets modern living. This beautifully designed and freshly painted 1 bed, 1.5 bath unit features an open-concept layout that seamlessly blends comfort and style. Enjoy a morning walk or take in the changing foliage from your new windows or front porch, all while being so close to all the conveniences that living in the North Shore provides. Enter into LR with cathedral ceilings and fireplace. Kitchen with granite counters and hardwood is open to dining area. Bedroom with high ceilings and private bath. Perfectly located less than 10 mins to the Commuter Rail, Vinnin Square, Whole Foods & all the restaurants & shopping that downtown Salem has to offer. Complex is pet friendly and professionally maintained. Enjoy the perks of a low-maintenance lifestyle while still feeling connected to nature and the vibrant community around you. Don’t miss out on this opportunity for a peaceful retreat in a highly sought-after location!
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Recently Sold Nearby
Property History
Market Insights
4.1%
Price Range
37
Total Days on Market
Property Timeline
Sold
Jan 24, 2025
$417,000
Property sold
Days on Market: 37
Listed for Sale
Oct 24, 2024
$434,900
Original listing
Agent: Team Blue
Office: ERA Key Realty Services
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/24/2025 | ✓ Sold | $417,000 | - | - | Property sold |
| 10/24/2024 | 🏠 Listed for Sale | $434,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2024 | $4,477 | $385,300 |
Financial Details
Annual Property Tax
$4,477
Tax Year 2024
HOA Fee
$322
Monthly
Assessed Value
$385,300
Facts & Features
1 Car Garage
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
1986
Living Area
1,049 sq ft
Bedrooms
1
Full Baths
1
Half Baths
1
Total Rooms
4
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Carpet, Flooring - Stone/ceramic Tile
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
Living Room
Fireplaces
1
Basement
N
Laundry
In Basement, In Unit
Features
Closet, Entrance Foyer
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Porch
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
1
Has Garage
Yes
Features
Under, Off Street
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$4,477
Assessed Value
$385,300
HOA & Community
HOA Fee
$322 Monthly
Fee Includes
Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
Room Sizes Are Approx And For Marketing Purposes Only. One Pet Allowed. Central Ac Is Not Currently Working.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Townhouse"]
Unit/Building
5
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
37 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1986
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,049 sq ft
Total Rooms
4
Stories
2
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Dimensions17 x 13
FeaturesCathedral Ceiling(s), Closet, Flooring - Wall to Wall Carpet
LevelSecond
Dimensions6 x 5
FeaturesBathroom - Half, Flooring - Stone/Ceramic Tile
LevelFirst
Dimensions15 x 13
FeaturesFlooring - Hardwood
LevelFirst
Dimensions9 x 9
FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
LevelFirst
Dimensions17 x 14
FeaturesCathedral Ceiling(s), Flooring - Wall to Wall Carpet
LevelFirst
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Carpet, Flooring - Stone/Ceramic Tile
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Closet, Entrance Foyer
Windows:
Basement:
N
Laundry:
In Basement, In Unit
Security:
Construction & Materials
Year Built:
1986
Structure Type:
Townhouse
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stories:
2
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Heating Zones:
1
Cooling:
Central Air
Cooling Zones:
1
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Porch
Patio & Porch:
Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Garage Spaces:
1
Garage Type:
Attached
Total Parking Spaces:
2
Parking Features:
Under, Off Street
Special Features
Fireplaces:
1
Fireplace Type:
Living Room
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Private School, Public School, University
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
Elementary Schools
3 schools
C-
Horace Mann Laboratory School
0.9 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
The Greenhouse School
1.2 mi
Grades PK-08
A-
Aborn School
1.4 mi
|
#226 of 824
|
Score: 53.5
Improved 252 spots from last year
-4.7 below state avg
224 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
3 schools
C+
Collins Middle School
1.4 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
B+
Swampscott Middle School
1.8 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
1.9 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
High Schools
3 schools
B
Salem High School
0.8 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-
Swampscott High School
1.2 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
D
Lynn English High School
1.9 mi
|
#318 of 346
|
Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students
Moderate
18 sports
• 1,425 athletes
Early College Program
Rising School
Career Tech Programs
Strong Athletics
Grades 09-12
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Location
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Neighborhood
5 Majestic Way # 5, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Team Blue
Listing Office
ERA Key Realty Services
Office Phone
978-658-8288
Agent MLS ID
TEAM0456
Office MLS ID
AN3576
Listing Data Updated
Jan 27, 2025 10:39 AM 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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