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5 Majestic Way # 5, Salem MA 01970

Salem, MA 01970
$417,000
1
Beds
1.5
Baths
1,049
Sq Ft
$398
Price/Sq Ft
1986
Year Built
1
Garage Space
35
Days on Market
Closed Listed Oct 23, 2024 • MLS# 73305755 Copied! • Updated Jan 27, 2025

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

This Property
$398/sq ft
Area Average
$307/sq ft
Difference
+29.7%

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

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
Garage Spaces 1
Has Garage Yes
Features Under, Off Street
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
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
Seller Disclosures Room Sizes Are Approx And For Marketing Purposes Only. One Pet Allowed. Central Ac Is Not Currently Working.
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
For Sale
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

Room Details

First Floor

Bathroom1
6 x 5
Bathroom - Half, Flooring - Stone/Ceramic Tile
Dining Room
15 x 13
Flooring - Hardwood
Kitchen
9 x 9
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Living Room
17 x 14
Cathedral Ceiling(s), Flooring - Wall to Wall Carpet

Second Floor

Bathroom2
10 x 6
Bathroom - Full, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Master Bedroom
17 x 13
Cathedral Ceiling(s), Closet, Flooring - Wall to Wall Carpet

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bedroom2
Bathroom3
Office
Family Room
Master Bathroom

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
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

9 schools
The Greenhouse School
1.2 mi
Grades PK-08
The Phoenix School
1.8 mi
Grades PK-08
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
B
Witchcraft Heights School
1.4 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
B-
Saltonstall School
1.9 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B+
Bates School
2.8 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
2.9 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
3.0 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
3.0 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
C+
Collins Middle School
1.5 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

2 schools
B+
Salem Academy Charter School
2.2 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
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
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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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