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5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970
$670,000
Est. $4,591/month
2
Beds
2.5
Baths
2,365
Sq Ft
$283
Price/Sq Ft
1999
Year Built
19
Days on Market
Closed Listed Feb 19, 2025 • MLS# 73336630 Copied!

About this home

You will be hard-pressed to find another home for this price, with these updates, in this outstanding condo (a list of improvements is included in the paperclip).The sun-filed entrance includes a curved staircase which leads to the open floor plan of updated kitchen with vaulted ceiling, large dining area and gas fireplaced living room. From the kitchen walk out to the deck which overlooks the Salem Woods Nature Trail. Up the stairs there are double doors entering the primary bedroom, an en-suite bath with tub and a walk in closet. The second bedroom offers double closets, and en-suite bath. Both bedrooms have vaulted ceilings. The third floor offers additional storage. The lower level with a walk-out patio is finished to use as a family room, home office or guest room. Laundry room and garage complete this wonderful property. Located in historic Salem, this property is convenient to shopping, restaurants, train and the well-known Peabody Essex Museum. Showings start at open house

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1999
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,365 sq ft
Total Rooms
6
Stories
4
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $659,500
Final Sale Price: $670,000
Difference: +$10,500 (+1.6%)
Performance Metrics
101.6%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $279
Sale $/sq ft: $283
This property sold for $283 per square foot
Sale Summary

This property sold for 1.6% above the original asking price, indicating strong buyer demand.

With only 19 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
$283/sq ft
Area Average
$264/sq ft
Difference
+7.3%

This property sold slightly above the area average for similar homes.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1999
Living Area 2,365 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 6

Interior

Heating Central, Forced Air, Electric, Individual, Unit Control
Cooling Central Air, Unit Control
Flooring Wood, Tile, Carpet, Laminate, Flooring - Stone/ceramic Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry First Floor, In Unit, Gas Dryer Hookup
Features Entrance Foyer, Central Vacuum, Walk-up Attic, Internet Available - Unknown

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck, Patio, Garden, Screens, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch Deck, Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Deeded, Off Street, Tandem, Paved, Exclusive Parking
Total Spaces 3

Utilities

Electric Circuit Breakers
Water Public, Individual Meter
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Gas Dryer, Icemaker Connection

Financial

Annual Tax $6,277
Assessed Value $540,200

Interior Features

Flooring: Wood, Tile, Carpet, Laminate, Flooring - Stone/Ceramic Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Entrance Foyer, Central Vacuum, Walk-up Attic, Internet Available - Unknown
Windows: Insulated Windows, Screens
Basement: Y
Laundry: First Floor, In Unit, Gas Dryer Hookup
Security:

Construction & Materials

Year Built: 1999
Structure Type: Townhouse, Attached
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 4

Heating, Cooling & Utilities

Heating: Central, Forced Air, Electric, Individual, Unit Control
Heating Zones: 2
Cooling: Central Air, Unit Control
Cooling Zones: 2
Hot Water:
Water Source: Public, Individual Meter
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck, Patio, Garden, Screens, Sprinkler System
Patio & Porch: Deck, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Attached, Garage Door Opener, Deeded, Off Street, Tandem, Paved, Exclusive Parking

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

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Neighborhood

5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $523
Homeowners Insurance $200
HOA Fee $480/mo
PMI (if <20% down) $0

Loan Summary

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

Rate Impact

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Save $0/mo
Current Rate
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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

1.6%
Price Range
21
Total Days on Market

Property Timeline

Sold
Mar 28, 2025
$670,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Feb 19, 2025
$659,500
Original listing
Agent: Michelle Kuppens Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
Feb 19, 2025 New Listing Added $659,500

Market Statistics

Days on Market
19 days
Price per Sq Ft
$283

Tax History

Year Taxes Assessment
2024 $6,277 $540,200

Financial Details

Annual Property Tax
$6,277
Tax Year 2024
HOA Fee
$480
Monthly
Assessed Value
$540,200

Listing Information

Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C8000050
Office MLS ID AN6191
Listing Data Updated Mar 29, 2025 7:39 AM EDT
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 Salem, MA

Real-time market trends and pricing data for this area

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