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500 Salem Street # 405, Medford MA 02155

Medford, MA 02155 • Medford Hillside
$580,000
Est. $3,842/month
3
Beds
2
Baths
1,243
Sq Ft
$467
Price/Sq Ft
1988
Year Built
4
Days on Market
Closed Listed Jan 4, 2025 • MLS# 73323027 Copied!

About this home

Rare find - 3 Bedroom Condominium - Commuter Dream - Desirable Location - Corner Unit - freshly painted walls and ceilings in a tasteful, neutral color. Expansive Open Floor Concept - sun-filled spacious Living/Dining room combo with oversized sliders to a lovely Balcony, Nicely-sized adjacent Kitchen - Master Suite features a walk-in closet and full Bath, a second Bedroom with double closets and a third good-sized Bedroom to be used as you wish. Also has a 2nd full Bath, linen closet and an added convenience of an in-unit Washer and Dryer. Includes a deeded assigned Parking Space and additional Storage in Garage.. Convenient to public transportation, you will appreciate the easy access to bus routes to both Wellington and Malden "T" Stations. Easy access to Routes 93 and 128. Close to Fellsmere Pond and Wright Pond. Numerous amenities, including parks, shopping and restaurants. Convenient location - 6 miles to Boston and 2.3 miles toTufts University.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1988
Bedrooms
3
Full Bathrooms
2
Living Area
1,243 sq ft
Total Rooms
6
Stories
1
Entry Level
4
Main Level Bedrooms
3

Sale Statistics

Sale Overview
Original List Price: $549,000
Final Sale Price: $580,000
Difference: +$31,000 (+5.6%)
Performance Metrics
105.6%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $442
Sale $/sq ft: $467
This property sold for $467 per square foot
Sale Summary

This property sold for 5.6% above the original asking price, indicating strong buyer demand.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 6 similar properties sold within 0.5 miles in the last 90 days

This Property
$467/sq ft
Area Average
$235/sq ft
Difference
+98.8%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 1,243 sq ft
Bedrooms 3
Full Baths 2
Total Rooms 6

Interior

Heating Heat Pump, Electric
Cooling Central Air
Flooring Tile, Carpet
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Main Level, First Floor, In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Frame
Architecture Other (see Remarks)
Roof None
Features Balcony, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Assigned, Deeded, Paved
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer

Financial

Annual Tax $4,121
Assessed Value $483,700

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Main Level, First Floor, In Unit, Electric Dryer Hookup
Security: Intercom, Other

Construction & Materials

Style: Other (See Remarks)
Year Built: 1988
Structure Type: High-Rise
Exterior Materials: Frame
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Other (See Remarks)

Exterior & Lot

Exterior Features: Balcony, City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Assigned, Deeded, Paved

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, T-Station, University, Other

Location

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Neighborhood

Medford Hillside

500 Salem Street # 405, Medford MA 02155

Medford, MA 02155

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $343
Homeowners Insurance $200
HOA Fee $366/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

5.3%
Price Range
5
Total Days on Market

Property Timeline

Sold
Feb 7, 2025
$580,000
Property sold
Days on Market: 5
🏠
Listed for Sale
Jan 4, 2025
$549,000
Original listing
Agent: Lucille Murray Office: Compass

Price & Status History

Date Event Price Change
Jan 4, 2025 New Listing Added $549,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$467

Tax History

Year Taxes Assessment
2024 $4,121 $483,700

Financial Details

Annual Property Tax
$4,121
Tax Year 2024
HOA Fee
$366
Monthly
Assessed Value
$483,700

Listing Information

Listing Agent Lucille Murray
Listing Office Compass
Agent MLS ID B8000108
Office MLS ID AN6433
Listing Data Updated Feb 12, 2025 11:09 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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Market Analytics for Medford, MA

Real-time market trends and pricing data for this area

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