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289 Essex St # 101, Salem MA 01970

Salem, MA 01970
$554,000
2
Beds
2
Baths
1,244
Sq Ft
$445
Price/Sq Ft
0.31
Acres
1987
Year Built
1
Garage Space
20
Days on Market
Closed Listed Feb 25, 2025 • MLS# 73338062 Copied! • Updated Mar 27, 2025

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
20
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 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$445/sq ft
Area Average
$278/sq ft
Difference
+60.2%

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

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!

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Recently Sold Nearby

Property History

Market Insights

13.4%
Price Range
22
Total Days on Market
1
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

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
Garage Spaces 1
Has Garage Yes
Features Under, Deeded
Total Spaces 1
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
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
Seller Disclosures Some Photos Virtually Staged. Two Tax Bills. One For The Unit $5, 591 And Another For The Parking Spot $173.50.
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
For Sale
Year Built
1987
Bedrooms
2
Full Bathrooms
2
Living Area
1,244 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Room Details

First Floor

Bathroom1
4.833333333 x 7.25
Dining Room
14.166666666 x 8.083333333
Kitchen
11.583333333 x 12.666666666
Bathroom2
9.416666666 x 5.166666666
Bedroom2
9.916666666 x 19.25
Living Room
15.083333333 x 17.916666666
Master Bedroom
18.083333333 x 10.333333333

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Office
Family Room
Master Bathroom

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 Office Real Broker MA, LLC
Office Phone 774-314-9448
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.

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