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15 Cabot # 3, Salem MA 01970

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

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

This Property
$525/sq ft
Area Average
$261/sq ft
Difference
+101.1%

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!

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Recently Sold Nearby

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

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
Features Tandem, Deeded, Paved
Total Spaces 2
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer
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
Seller Disclosures None
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
For Sale
Year Built
1925
Bedrooms
2
Full Bathrooms
1
Living Area
934 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Room Details

First Floor

Bathroom1
15 x 5
Kitchen
13 x 9
Bedroom2
10 x 11
Living Room
18 x 11
Master Bedroom
16 x 14

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

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
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

3 schools
B-
Saltonstall School
0.2 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
0.9 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
The Phoenix School
0.9 mi
Grades PK-08
M

Middle Schools

3 schools
C+
Collins Middle School
0.6 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
B+
Village School
1.6 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
A-
Marblehead Veterans Middle School
2.0 mi | #83 of 352 | Score: 51.5
Dropped 30 spots from last year
-6.7 below state avg
411 students Less Diverse
Grades 07-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.5 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
1.0 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
A-
Marblehead High School
2.0 mi | #80 of 346 | Score: 62.1
Dropped 37 spots from last year
+3.9 above state avg
861 students Less Diverse
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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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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