15 Cabot # 3, Salem MA 01970

Salem, MA 01970 • South Salem

$490,000

Beds

Baths

934

Sq Ft

$525

Price/Sq Ft

0.11

Acres

1925

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed May 27, 2025 • MLS# 73380191 Copied! • Updated Jul 3, 2025

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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

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

This Property

$525/sq ft

Area Median

$425/sq ft

Difference

+23.6%

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

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

4.1%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
07/02/2025	✓ Sold	$490,000	-	-	Property sold
05/27/2025	🏠 Listed for Sale	$470,000	-	-	Original listing

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

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

HOA & Community

HOA Fee $200 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds

Amenities None

Optional Fee Includes None

Owner-Occupied Units 3

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing Contract

Structure Type ["2\/3 Family"]

Unit/Building 3

Sq Ft Source Public Record

Documents Master Deed, Unit Deed, Master Plan, Floor Plans, Certificate Of Insurance (5)

County Essex

Total market time (incl. prior listings) 20 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1925

Bedrooms

Full Bathrooms

Living Area

934 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

South Salem

15 Cabot # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Rita Lu

Listing Office Keller Williams Realty Boston-Metro | Back Bay

Office Phone 617-542-0012

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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Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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