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245 Lafayette St # 1E, Salem MA 01970

Salem, MA 01970
$415,000
2
Beds
1
Baths
881
Sq Ft
$471
Price/Sq Ft
0.55
Acres
1971
Year Built
1
Parking
13
Days on Market
Closed Listed Dec 4, 2024 • MLS# 73317269 Copied! • Updated Jan 17, 2025

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

This Property
$471/sq ft
Area Average
$258/sq ft
Difference
+82.5%

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

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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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

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
Features Off Street, Assigned, Deeded, Paved
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
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
Seller Disclosures Seller Has Never Lived In The Property.
Exclusions Personal Belongings.
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
For Sale
Year Built
1971
Bedrooms
2
Full Bathrooms
1
Living Area
881 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

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 information not available for this location.

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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