5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970

$670,000

Beds

2.5

Baths

2,365

Sq Ft

$283

Price/Sq Ft

1999

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed Feb 19, 2025 • MLS# 73336630 Copied! • Updated Mar 29, 2025

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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

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

This Property

$283/sq ft

Area Median

$325/sq ft

Difference

12.9%

This property sold below the area median, potentially representing good value for the buyer.

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

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

1.6%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
03/28/2025	✓ Sold	$670,000	-	-	Property sold
02/19/2025	🏠 Listed for Sale	$659,500	-	-	Original listing

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

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

HOA & Community

HOA Fee $480 Monthly

Fee Includes Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures Master Deed: Book 13319, Page 130; Condo Trust Book 13319, Page 169; See Rules And Regs For Restrictions- Any Offers Will Be Reviewed Monday About 6pm

Additional Details

Possession None

Accepted Financing None

Structure Type ["Townhouse","Attached"]

Unit/Building 5

Sq Ft Source Field Card

Sq Ft Disclosures From Condo docs

Documents Master Deed, Unit Deed (2)

County Essex

Total market time (incl. prior listings) 21 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1999

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

2,365 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

5 Admirals Lane # 5, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Michelle Kuppens

Listing Office Coldwell Banker Realty - Beverly

Office Phone 978-927-1111

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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