289 Essex St # 101, Salem MA 01970

Salem, MA 01970

$554,000

Beds

Baths

1,244

Sq Ft

$445

Price/Sq Ft

0.31

Acres

1987

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed Feb 25, 2025 • MLS# 73338062 Copied! • Updated Mar 27, 2025

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Sale Statistics

Sale Overview

Original List Price: $549,000

                            Final Sale Price:
                            $554,000
                        

Difference: +$5,000 (+0.9%)

Performance Metrics

100.9%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $441

                            Sale $/sq ft:
                            $445
                        

This property sold for $445 per square foot

Sale Summary

This property sold for 0.9% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 40 similar properties sold within 0.5 miles in the last 90 days

This Property

$445/sq ft

Area Median

$435/sq ft

Difference

+2.3%

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

About this home

Experience the best of Salem living in this rarely available, spacious 2-bedroom, 2-bathroom condo with over 1,200 square feet of comfortable living space. Nestled in the heart of downtown, this home offers unbeatable access to the city’s vibrant culture, renowned restaurants, shops, and public transportation—making it perfect for year-round enjoyment, especially during Salem’s famous Halloween festivities! This condo features an open and inviting layout, with a primary suite complete with a walk-in closet, in-unit washer and dryer, and recent updates including a 2017 heating system and a 2022 water heater. A true standout, this unit includes a deeded garage parking spot—a rare find in this prime location! Enjoy low association fees that cover water and sewer, all while benefiting from the convenience of city living with a cozy retreat to call home. Don’t miss this incredible opportunity to own a piece of Salem’s historic charm!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

13.4%

Price Range

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

Mar 27, 2025

$554,000

Property sold

Days on Market: 22

🏠

Listed for Sale

Feb 25, 2025

$549,000

Original listing

Office: Real Broker MA, LLC

Previous Transaction - MLS #72877103

Full transaction history available when tracking began

🏷️

Previously Sold

Nov 11, 2021

$480,000

MLS #72877103

View Listing →

Date	Event	Price	Change	$/sqft	Details
03/27/2025	✓ Sold	$554,000	-	-	Property sold
02/25/2025	🏠 Listed for Sale	$549,000	-	-	Original listing
11/11/2021	🏷️ Previously Sold	$480,000	-	-	MLS #72877103

Tax History

Year	Taxes	Assessment
2025	$5,591	$493,000

Financial Details

Annual Property Tax

$5,591

Tax Year 2025

HOA Fee

$313

Monthly

Assessed Value

$493,000

Facts & Features

1 Car Garage

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1987

Living Area 1,244 sq ft

Lot Size 0.31 acres

Bedrooms 2

Full Baths 2

Total Rooms 4

Interior

Heating Central, Forced Air, Heat Pump, Electric

Cooling Central Air, Heat Pump

Flooring Wood, Tile, Carpet

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace None

Basement N

Laundry In Unit, Electric Dryer Hookup, Washer Hookup

Features Entry Hall

Exterior

Construction Brick

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 1

Has Garage Yes

Features Under, Deeded

Total Spaces 1

Utilities

Electric Circuit Breakers, 100 Amp Service

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,591

Assessed Value $493,000

HOA & Community

HOA Fee $313 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash

Amenities Elevator(s)

Optional Fee Includes None

Owner-Occupied Units 27

MA Disclosures

Seller Disclosures Some Photos Virtually Staged. Two Tax Bills. One For The Unit $5, 591 And Another For The Parking Spot $173.50.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 101

Sq Ft Source Public Record

Documents Master Deed, Rules & Regs (2)

County Essex

Total market time (incl. prior listings) 22 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1987

Bedrooms

Full Bathrooms

Living Area

1,244 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile, Carpet

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features: Entry Hall

Windows: Insulated Windows

Basement: N

Laundry: In Unit, Electric Dryer Hookup, Washer Hookup

Security:

Construction & Materials

Year Built: 1987

Effective Year (Renovated): 2005

Structure Type: Garden

Exterior Materials: Brick

Roof:

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air, Heat Pump, Electric

Heating Zones: 1

Cooling: Central Air, Heat Pump

Cooling Zones: 1

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features: Thermostat

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Garage Spaces: 1

Garage Type: Attached

Total Parking Spaces: 1

Parking Features: Under, Deeded

Nearby Schools

School information not available for this location.

Location

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Neighborhood

289 Essex St # 101, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Alex Fronduto

Listing Office Real Broker MA, LLC

Office Phone 855-450-0442

Agent MLS ID CN239316

Office MLS ID AN4866

Listing Data Updated Mar 27, 2025 5:27 PM 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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