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245 Lafayette St # 1F, Salem MA 01970

Salem, MA 01970
$370,000
Est. $1,969/month
1
Beds
1
Baths
668
Sq Ft
$554
Price/Sq Ft
0.55
Acres
1971
Year Built
Condominium
Type
22
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73368189

About this home

NEW - Bright and Sunny 1st-floor condo offers one large bedroom, a private balcony and off-street parking. This turn-key home features an expansive living & dining room complete with Hardwood fls & NEW recessed lights thru-out plus access to your private southeast facing balcony. Enjoy entertaining and cooking in your Renovate kitchen complete with a NEW SS appliances, Quartz Counters and NEW Cabinets. Tranquility welcomes you into your large bedroom with a and generous sized walk-in closet and ample space for a work from home desk. Enjoy living in this non-smoking, Pet friendly, professionally managed brick building. Conveniently located to Downtown Salem, Historic Waterfront and Salem State University. Additional amenities include elevator access, onsite laundry, exclusive storage and AC. Hot Water included in low condo fee. Move-in and unpack and enjoy all the conveniences of living in the City of Salem!

Sale Statistics

Sale Overview
Original List Price: $379,000
Final Sale Price: $370,000
Difference: $9,000 (-2.4%)
Performance Metrics
97.6%
List to Sale Ratio
Sold below asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $567
Sale $/sq ft: $554
This property sold for $554 per square foot
Sale Summary

This property sold for 2.4% below the original asking price.

With only 22 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1971
Bedrooms
1
Full Bathrooms
1
Living Area
668 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Interior Features

Flooring
Tile, Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator
Laundry Features
In Basement, In Building
Basement Details
Y

Exterior & Structure

Construction Materials
Brick, Stone
Exterior Features
Deck - Composite
Patio/Porch Features
Deck - Composite
Has Spa
No
Waterfront Features
Harbor, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.55 acres
Lot Size
24,002 sq ft
Lot Size Area
0.5500

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Marina, T-Station, University
HOA Fee
$201
HOA Fee Frequency
Monthly
Association Amenities
Hot Water, Laundry, Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,253
Tax Year
2025
Tax Assessed Value
$286,900
Parcel Number
M:33 L:0464 S:806,4421188
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Seller has never lived in the unit.

Location

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Neighborhood

245 Lafayette St # 1F, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $271
Homeowners Insurance $200
HOA Fee $201
PMI $0

Property History

Market Insights

0.8%
Price Range
24
Total Days on Market

Property Timeline

✓
Sold
Jun 6, 2025
$370,000
Property sold
Days on Market: 24
🏠
Listed for Sale
May 1, 2025
$367,000
Original listing
Agent: Zoe Karademos Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
May 1, 2025 New Listing Added $367,000 —

Market Statistics

Days on Market
22 days
Price per Sq Ft
$554

Tax History

Year Taxes Assessment
2025 $3,253 $286,900

Financial Details

Annual Property Tax
$3,253
Tax Year 2025
HOA Fee
$201
Monthly
Assessed Value
$286,900

Listing Information

Listing Agent Zoe Karademos
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C8000311
Office MLS ID AN6191

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