15 Cabot # 3, Salem MA 01970

Salem, MA 01970 • South Salem
$490,000
Est. $2,608/month
2
Beds
1
Baths
934
Sq Ft
$525
Price/Sq Ft
0.11
Acres
1925
Year Built
Condominium
Type
15
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73380191

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!

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.

Facts & Features

Property Overview

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

Interior Features

Flooring
Tile, Hardwood
Heating
Forced Air, Natural Gas, Unit Control
Has Heating
Yes
Cooling
Central Air, Unit Control
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood
Laundry Features
First Floor, In Unit, Electric Dryer Hookup
Basement Details
N
Window Features
Insulated Windows

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Deck - Composite, Deck - Access Rights
Patio/Porch Features
Deck - Composite, Deck - Access Rights
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.11 acres
Lot Size
4,578 sq ft
Lot Size Area
0.1100

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Tandem, Deeded, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, Public School, University
HOA Fee
$200
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,444
Tax Year
2025
Tax Assessed Value
$480,100
Parcel Number
34 0036 803,5156807
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Building Name
15 Cabot Street Salem Condominium
Common Walls
No One Above
Listing Terms
Contract

Location

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Neighborhood

South Salem

15 Cabot # 3, 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 $454
Homeowners Insurance $200
HOA Fee $200
PMI $0

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

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