245 Lafayette St # 1E, Salem MA 01970
Salem, MA 01970
$415,000
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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.
Nearby Sales Comparison
Based on 16 similar properties sold within 0.5 miles in the last 90 days
This Property
$471/sq ft
Area Median
$430/sq ft
Difference
+9.6%
This property sold slightly above the area median for similar homes.
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.
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Public Records & Permits
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Recently Sold Nearby
Property History
Market Insights
38.6%
Price Range
14
Total Days on Market
1
Previous Sales
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.
Previous Transaction - MLS #72366173
Full transaction history available when tracking began
Previously Sold
Nov 15, 2018
$255,000
MLS #72366173
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 01/17/2025 | ✓ Sold | $415,000 | - | - | Property sold |
| 12/04/2024 | 🏠 Listed for Sale | $395,000 | - | - | Original listing |
| 11/15/2018 | 🏷️ Previously Sold | $255,000 | - | - | MLS #72366173 |
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
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1971
Living Area
881 sq ft
Lot Size
0.55 acres
Bedrooms
2
Full Baths
1
Total Rooms
5
Interior
Heating
Baseboard, Natural Gas
Cooling
Wall Unit(s)
Flooring
Carpet, Hardwood
Appliances
Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Fireplace
None
Basement
N
Laundry
In Unit
Features
None
Exterior
Construction
Brick, Stone
Architecture
None
Roof
Rubber
Features
Balcony
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Assigned, Deeded, Paved
Total Spaces
1
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$3,983
Assessed Value
$342,800
HOA & Community
HOA Fee
$237 Monthly
Fee Includes
Water, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities
Hot Water, Elevator(s)
Optional Fee Includes
None
Owner-Occupied Units
17
MA Disclosures
Seller Disclosures
Seller Has Never Lived In The Property.
Exclusions
Personal Belongings.
Additional Details
Possession
None
Accepted Financing
Contract, Estate Sale
Structure Type
["Garden","Low-Rise"]
Unit/Building
1E
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs (3)
County
Essex
Total market time (incl. prior listings)
14 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
5
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Display Options
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:
Carpet, Hardwood
Appliances:
Range, Dishwasher, Disposal, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement:
N
Laundry:
In Unit
Security:
Construction & Materials
Year Built:
1971
Structure Type:
Garden, Low-Rise
Exterior Materials:
Brick, Stone
Roof:
Rubber
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
Wall Unit(s)
Cooling Zones:
3
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Assigned, Deeded, Paved
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
9 schools
The Greenhouse School
0.9 mi
Grades PK-08
The Phoenix School
1.2 mi
Grades PK-08
B-
Saltonstall School
0.2 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
C-
Horace Mann Laboratory School
1.0 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
C+
Bentley Academy Innovation School
1.4 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
1.4 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.5 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B
Witchcraft Heights School
1.5 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+
Bates School
1.8 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
Middle Schools
1 school
C+
Collins Middle School
0.8 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
High Schools
2 schools
B+
Salem Academy Charter School
0.5 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
1.0 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
245 Lafayette St # 1E, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Michael Hegarty
Listing Office
Premier Realty Group, Inc.
Office Phone
781-944-4140
Agent MLS ID
CT002733
Office MLS ID
B95198
Listing Data Updated
Jan 17, 2025 5:34 PM 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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