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23 Settlers Way # 23, Salem MA 01970

Salem, MA 01970
$725,000
Est. $5,274/month
2
Beds
1.5
Baths
1,940
Sq Ft
$374
Price/Sq Ft
1980
Year Built
79
Days on Market
Closed Listed Mar 11, 2025 • MLS# 73343717 Copied!

About this home

Imagine living in vacation mode year-round! This stunning waterfront condominium offers just that! Step out your back door to enjoy kayaking, paddleboarding, swimming, and boating, all with the serene water as your playground. As the day winds down, relax and take in the breathtaking sunsets from your private balcony, that make every evening feel magical. Your dream lifestyle starts here! Nestled in the heart of beautiful Collins Cove, this inviting condo offers the perfect blend of comfort and elegance, with picturesque views of the area’s natural beauty. The thoughtfully designed layout flows seamlessly from the spacious living area to a fully equipped kitchen with granite countertops and ample cabinetry. Two spacious bedrooms with generous closet space, full bath is accessible from both bedrooms for added convenience Perfectly situated just minutes from local dining and shopping, this condo puts the best of Collins Cove right at your doorstep.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,940 sq ft
Total Rooms
6
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $739,900
Final Sale Price: $725,000
Difference: $14,900 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
79
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $381
Sale $/sq ft: $374
This property sold for $374 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

The property spent 79 days on market before selling.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$374/sq ft
Area Average
$491/sq ft
Difference
23.8%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,940 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 6

Interior

Heating Forced Air, Electric, Unit Control, Wall Furnace
Cooling Central Air
Flooring Tile, Vinyl, Hardwood, Concrete, Flooring - Hardwood, Flooring - Stone/ceramic Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Y
Laundry Closet - Double, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features Bathroom - Half, Game Room, Foyer, Finish - Sheetrock, Internet Available - Broadband

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck - Composite, Covered Patio/deck, Professional Landscaping, Sprinkler System
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite, Covered

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Garage Door Opener, Storage, Deeded, Off Street, Common, Paved
Total Spaces 3

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $7,398
Assessed Value $636,700

Interior Features

Flooring: Tile, Vinyl, Hardwood, Concrete, Flooring - Hardwood, Flooring - Stone/Ceramic Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Bathroom - Half, Game Room, Foyer, Finish - Sheetrock, Internet Available - Broadband
Windows: Insulated Windows
Basement: Y
Laundry: Closet - Double, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1980
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Electric, Unit Control, Wall Furnace
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Deck - Composite, Covered Patio/Deck, Professional Landscaping, Sprinkler System
Patio & Porch: Deck - Composite, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 3
Parking Features: Detached, Garage Door Opener, Storage, Deeded, Off Street, Common, Paved

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Bay, Dock/Mooring, Private, Bay, Ocean, Direct Access, 0 to 1/10 Mile To Beach, Beach Ownership(Private,Association)
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, House of Worship, Marina, Public School, T-Station, University

Location

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Neighborhood

23 Settlers Way # 23, 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
$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 $617
Homeowners Insurance $200
HOA Fee $792/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

2%
Price Range
45
Total Days on Market

Property Timeline

Sold
May 30, 2025
$725,000
Property sold
Days on Market: 45
🏠
Listed for Sale
Mar 11, 2025
$739,900
Original listing
Agent: Catherine St. Pierre Office: Aluxety

Price & Status History

Date Event Price Change
Mar 11, 2025 New Listing Added $739,900

Market Statistics

Days on Market
79 days
Price per Sq Ft
$374

Tax History

Year Taxes Assessment
2024 $7,398 $636,700

Financial Details

Annual Property Tax
$7,398
Tax Year 2024
HOA Fee
$792
Monthly
Assessed Value
$636,700

Listing Information

Listing Office Aluxety
Agent MLS ID C8001712
Office MLS ID AN8387
Listing Data Updated May 30, 2025 3:22 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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