28 Fairmount St. # 1, Salem MA 01970

Salem, MA 01970

$626,000

Beds

1.5

Baths

1,150

Sq Ft

$544

Price/Sq Ft

0.14

Acres

1900

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed May 21, 2025 • MLS# 73378562 Copied! • Updated Jul 9, 2025

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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

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

This Property

$544/sq ft

Area Median

$423/sq ft

Difference

+28.7%

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

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

0.2%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
06/26/2025	✓ Sold	$626,000	-	-	Property sold
05/21/2025	🏠 Listed for Sale	$624,999	-	-	Original listing

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

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

HOA & Community

HOA Fee $150 Monthly

Fee Includes Water, Sewer, Insurance

Amenities None

Optional Fee Includes None

MA Disclosures

Seller Disclosures Hoa Hasnt Been Established Yet. Hoa Fees Are Just An Estimate. Taxes Are Also An Estimate.

Additional Details

Possession None

Accepted Financing Seller W/participate

Structure Type ["Attached"]

Unit/Building 1

Sq Ft Source Measured

Sq Ft Disclosures 370 sq ft in the finished basement not included in living area sq footage

Documents None

County Essex

Total market time (incl. prior listings) 21 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

1,150 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

28 Fairmount St. # 1, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Jeffrey Wallace

Listing Office Compass

Office Phone 781-534-9229

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

Ask about this property — free, no obligation.