195 Lafayette St # 4, Salem MA 01970

Salem, MA 01970 • Downtown

$570,000

Beds

1.5

Baths

1,268

Sq Ft

$450

Price/Sq Ft

1930

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Apr 10, 2025 • MLS# 73357845 Copied! • Updated May 8, 2025

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Sale Statistics

Sale Overview

Original List Price: $559,900

                            Final Sale Price:
                            $570,000
                        

Difference: +$10,100 (+1.8%)

Performance Metrics

101.8%

List to Sale Ratio

Sold above asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $442

                            Sale $/sq ft:
                            $450
                        

This property sold for $450 per square foot

Sale Summary

This property sold for 1.8% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 25 similar properties sold within 0.5 miles in the last 90 days

This Property

$450/sq ft

Area Median

$425/sq ft

Difference

+5.9%

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

About this home

Come check out this beautiful condo with period architectural details with bay windows, high ceilings and a stately brick facade. This unit offers the convenience of being a short distance from vibrant downtown Salem, The commuter rail station, and Salem State University. Move in ready that offers lots of natural light with 2 bedrooms and 1 and 1 1/2 half baths, hardwood floors throughout, crown and dental moldings. Recently completely renovated with a gourmet kitchen with plenty of counter and cabinet space. This unit has its own laundry hook up in the basement along with a large workshop and plenty of storage space. The hot water boiler is less than a year old with a transferable warranty. Parking for 1 car off street. First showing at the Open House 12 - 2 PM Sunday April 13.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

1.8%

Price Range

Total Days on Market

Property Timeline

✓

Sold

May 8, 2025

$570,000

Property sold

Days on Market: 19

🏠

Listed for Sale

Apr 10, 2025

$559,900

Original listing

Agent: Philip O'Donnell Office: Aluxety

Date	Event	Price	Change	$/sqft	Details
05/08/2025	✓ Sold	$570,000	-	-	Property sold
04/10/2025	🏠 Listed for Sale	$559,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$5,067	$446,800

Financial Details

Annual Property Tax

$5,067

Tax Year 2025

HOA Fee

$300

Monthly

Assessed Value

$446,800

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1930

Living Area 1,268 sq ft

Bedrooms 2

Full Baths 1

Half Baths 1

Total Rooms 5

Interior

Heating Steam, Natural Gas

Cooling Window Unit(s)

Flooring Tile, Hardwood

Appliances Range, Dishwasher, Disposal, Refrigerator, Freezer

Fireplace None

Basement Y

Laundry In Basement, In Building, Electric Dryer Hookup, Washer Hookup

Features None

Exterior

Construction Brick, Stone

Architecture None

Roof Rubber

Features Porch

Pool None

Spa None

Fencing None

Patio/Porch Porch

Parking

Features Off Street, Assigned

Total Spaces 1

Utilities

Electric Circuit Breakers, 60 Amps/less

Water Public

Sewer Public Sewer

Gas None

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

Financial

Annual Tax $5,067

Assessed Value $446,800

HOA & Community

HOA Fee $300 Monthly

Fee Includes Water, Sewer, Insurance

Amenities None

Optional Fee Includes None

Owner-Occupied Units 6

MA Disclosures

Seller Disclosures Subject To Seller Finding Suitable Housing. Water Heater Rented Part Of Condo Fee. Non Smoking Association. No Buyer Love Letters. Unit Completely Renovated After Fire In The Building 2021.

Exclusions Washer And Dryer

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 4

Sq Ft Source Field Card

Documents Master Deed, Unit Deed, Rules & Regs (3)

County Essex

Total market time (incl. prior listings) 19 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1930

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

1,268 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Tile, Hardwood

Appliances: Range, Dishwasher, Disposal, Refrigerator, Freezer

Interior Features:

Windows: Insulated Windows

Basement: Y

Laundry: In Basement, In Building, Electric Dryer Hookup, Washer Hookup

Security:

Construction & Materials

Year Built: 1930

Structure Type: Garden

Exterior Materials: Brick, Stone

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Steam, Natural Gas

Heating Zones: 1

Cooling: Window Unit(s)

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Porch

Patio & Porch: Porch

Fencing:

Other Structures: Workshop

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Assigned

Nearby Schools

School information not available for this location.

Location

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Neighborhood

Downtown

195 Lafayette St # 4, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Philip O'Donnell

Listing Office Aluxety

Office Phone 800-806-3212

Agent MLS ID C8000753

Office MLS ID AN8387

Listing Data Updated May 8, 2025 9:30 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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