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15 Cabot # 3, Salem MA 01970

Salem, MA 01970 • South Salem
$490,000
Est. $3,331/month
2
Beds
1
Baths
934
Sq Ft
$525
Price/Sq Ft
0.11
Acres
1925
Year Built
15
Days on Market
Closed Listed May 27, 2025 • MLS# 73380191 Copied!

About this home

This stylish and sun-filled top-floor 2 bed, 1 bath condo is beautifully updated and well maintained. The building was fully renovated in 2019 (including the addition of a sprinkler system) and all major systems and appliances are approximately five years old. The home features central AC, a spacious full bath, and in-unit full-size washer and dryer. The open-concept living area includes dark hardwood floors, shiplap accents, and a sleek electric fireplace. The kitchen is outfitted with white quartz countertops, GE stainless steel appliances (new dishwasher), shaker cabinetry, and a large breakfast bar. Both bedrooms offer generous proportions and ample closet space. Enjoy shared outdoor space on the second-floor composite rear deck, plus private deeded storage in the basement. Tandem parking for two and close proximity to Salem’s vibrant restaurants, shops, waterfront and the commuter rail. This thoughtfully renovated move-in ready unit delivers comfort, function and is pet friendly!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1925
Bedrooms
2
Full Bathrooms
1
Living Area
934 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $470,000
Final Sale Price: $490,000
Difference: +$20,000 (+4.3%)
Performance Metrics
104.3%
List to Sale Ratio
Sold above asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $503
Sale $/sq ft: $525
This property sold for $525 per square foot
Sale Summary

This property sold for 4.3% above the original asking price, indicating strong buyer demand.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 11 similar properties sold within 0.5 miles in the last 90 days

This Property
$525/sq ft
Area Average
$310/sq ft
Difference
+69.1%

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 1925
Living Area 934 sq ft
Lot Size 0.11 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas, Unit Control
Cooling Central Air, Unit Control
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood
Fireplace None
Fireplaces 1
Basement N
Laundry First Floor, In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck - Composite, Deck - Access Rights
Pool None
Spa None
Fencing None
Patio/Porch Deck - Composite, Deck - Access Rights

Parking

Features Tandem, Deeded, Paved
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer

Financial

Annual Tax $5,444
Assessed Value $480,100

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Unit, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1925
Effective Year (Renovated): 2020
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Unit Control
Heating Zones: 1
Cooling: Central Air, Unit Control
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Composite, Deck - Access Rights
Patio & Porch: Deck - Composite, Deck - Access Rights
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Tandem, Deeded, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Public School, University

Location

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Neighborhood

South Salem

15 Cabot # 3, 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 $454
Homeowners Insurance $200
HOA Fee $200/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

4.1%
Price Range
20
Total Days on Market

Property Timeline

Sold
Jul 2, 2025
$490,000
Property sold
Days on Market: 20
🏠
Listed for Sale
May 27, 2025
$470,000
Original listing
Agent: Rita Lu Office: Keller Williams Realty Boston-Metro | Back Bay

Price & Status History

Date Event Price Change
May 27, 2025 New Listing Added $470,000

Market Statistics

Days on Market
15 days
Price per Sq Ft
$525

Tax History

Year Taxes Assessment
2025 $5,444 $480,100

Financial Details

Annual Property Tax
$5,444
Tax Year 2025
HOA Fee
$200
Monthly
Assessed Value
$480,100

Listing Information

Listing Agent Rita Lu
Listing Office Keller Williams Realty Boston-Metro | Back Bay
Agent MLS ID CN203034
Office MLS ID BB5522
Listing Data Updated Jul 3, 2025 2:26 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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