245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970
$415,000
Est. $2,209/month
2
Beds
1
Baths
881
Sq Ft
$471
Price/Sq Ft
0.55
Acres
1971
Year Built
Condominium
Type
13
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73317269

About this home

Welcome to this newly refreshed condo at 245 Lafayette St in historic Salem. This PET FRIENDLY condo has been entirely repainted and features new carpets in the bedrooms with gleaming hardwood floors in the living areas. Immediately upon entering the condo you will take notice of the spacious living area with hardwood floors and direct access to your private balcony. An updated kitchen is located just off the dining area. Down the hall is a spacious primary bedroom with a walk in closest. The second generous-sized bedroom also features a custom closet. The IN UNIT washer/dryer is located within the bathroom. One deed parking space and additional private storage complete this unique condo offering. This condo offers easy access to all Salem has to offer. Located just a couple of blocks from Palmer Cove, a 10 minute walk to Forest River Park, and close proximity to all the attractions and restaurants in the bustling Salem downtown area.

Sale Statistics

Sale Overview
Original List Price: $395,000
Final Sale Price: $415,000
Difference: +$20,000 (+5.1%)
Performance Metrics
105.1%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $448
Sale $/sq ft: $471
This property sold for $471 per square foot
Sale Summary

This property sold for 5.1% above the original asking price, indicating strong buyer demand.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Interior Features

Flooring
Carpet, Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Laundry Features
In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Brick, Stone
Roof
Rubber
Exterior Features
Balcony
Has Spa
No
Waterfront Features
Bay, Harbor, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.55 acres
Lot Size
24,002 sq ft
Lot Size Area
0.5500

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Assigned, Deeded, Paved

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, Public School, University
HOA Fee
$237
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,983
Tax Year
2024
Tax Assessed Value
$342,800
Parcel Number
M:33 L:0464 S:805,4323517
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Building Name
The Continental
Disclosures
Seller has never lived in the property.
Exclusions
Personal Belongings.
Listing Terms
Contract, Estate Sale

Location

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Neighborhood

245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $332
Homeowners Insurance $200
HOA Fee $237
PMI $0

Property History

Market Insights

4.8%
Price Range
14
Total Days on Market

Property Timeline

Sold
Jan 17, 2025
$415,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Dec 4, 2024
$395,000
Original listing
Agent: Michael Hegarty Office: Premier Realty Group, Inc.

Price & Status History

Date Event Price Change
Dec 4, 2024 New Listing Added $395,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$471

Tax History

Year Taxes Assessment
2024 $3,983 $342,800

Financial Details

Annual Property Tax
$3,983
Tax Year 2024
HOA Fee
$237
Monthly
Assessed Value
$342,800

Listing Information

Listing Agent Michael Hegarty
Listing Office Premier Realty Group, Inc.
Agent MLS ID CT002733
Office MLS ID B95198

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