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28 Fairmount St. # 1, Salem MA 01970

Salem, MA 01970
$626,000
Est. $3,724/month
2
Beds
1.5
Baths
1,150
Sq Ft
$544
Price/Sq Ft
0.14
Acres
1900
Year Built
19
Days on Market
Closed Listed May 21, 2025 • MLS# 73378562 Copied!

About this home

Modern 2 Bed, 1.5 Bath Condo – North Salem, MA. Fully gut-renovated and designed for easy, stylish living, this modern 2-bedroom, 1.5-bath condo offers the perfect blend of comfort and function. Enjoy open-concept living at its finest in a sun-drenched space featuring a cozy living area with a sleek electric fireplace—ideal for relaxing or entertaining. The spacious dining area is perfect for hosting, while the brand-new kitchen boasts stainless steel appliances, elegant gold finishes, quartz countertops, a tiled backsplash, a gas range, and an ample-sized island that anchors the space beautifully. There is also a large finished area in the basement that is exclusive to the unit. Located just a short stroll from the Danvers River and Kernwood Country Club, this home also sits near the highly rated Bates Elementary School. With easy access to Rt. 128, commuting and getting around the North Shore is a breeze. Showings start now—don’t miss your chance to own this stunning North Salem gem!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,150 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $624,999
Final Sale Price: $626,000
Difference: +$1,001 (+0.2%)
Performance Metrics
100.2%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $543
Sale $/sq ft: $544
This property sold for $544 per square foot
Sale Summary

This property sold for 0.2% above the original asking price, indicating strong buyer demand.

With only 19 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$544/sq ft
Area Average
$296/sq ft
Difference
+84.1%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,150 sq ft
Lot Size 0.14 acres
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 4

Interior

Heating Central
Cooling Central Air
Flooring Hardwood
Appliances Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Energy Star Qualified Washer, Range
Fireplace None
Fireplaces 1
Basement Y
Laundry Gas Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 1

Utilities

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

Financial

Annual Tax $2,500
Assessed Value $6,000

Interior Features

Flooring: Hardwood
Appliances: ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2025
Structure Type: Attached
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf

Location

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Neighborhood

28 Fairmount St. # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.8 mi
Grades PK-08
The Greenhouse School
2.5 mi
Grades PK-08
B+
Bates School
0.2 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.3 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.4 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
1.5 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.7 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
1.2 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
1.5 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.8 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings

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 $208
Homeowners Insurance $200
HOA Fee $150/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

0.2%
Price Range
21
Total Days on Market

Property Timeline

Sold
Jun 26, 2025
$626,000
Property sold
Days on Market: 21
🏠
Listed for Sale
May 21, 2025
$624,999
Original listing
Agent: Jeffrey Wallace Office: Compass

Price & Status History

Date Event Price Change
May 21, 2025 New Listing Added $624,999

Market Statistics

Days on Market
19 days
Price per Sq Ft
$544

Tax History

Year Taxes Assessment
2025 $2,500 $6,000

Financial Details

Annual Property Tax
$2,500
Tax Year 2025
HOA Fee
$150
Monthly
Assessed Value
$6,000

Listing Information

Listing Office Compass
Agent MLS ID CN229573
Office MLS ID AN6818
Listing Data Updated Jul 9, 2025 11:23 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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