281 Essex Street # 206, Salem MA 01970

Salem, MA 01970

$525,000

Beds

Baths

972

Sq Ft

$540

Price/Sq Ft

0.17

Acres

1900

Year Built

Garage Space

Condominium

Type

Days on Market

Sold Listed May 29, 2025 • MLS# 73382106 Copied! • Updated Jul 31, 2025

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Sale Statistics

Sale Overview

Original List Price: $599,000

                            Final Sale Price:
                            $525,000
                        

Difference: $74,000 (-12.4%)

Performance Metrics

87.6%

List to Sale Ratio

Sold below asking price

Days on Market

Average time

Price per Square Foot Analysis

Original $/sq ft: $616

                            Sale $/sq ft:
                            $540
                        

This property sold for $540 per square foot

Sale Summary

This property sold for 12.4% below the original asking price.

The property spent 37 days on market before selling.

Nearby Sales Comparison

Based on 40 similar properties sold within 0.5 miles in the last 90 days

This Property

$540/sq ft

Area Median

$435/sq ft

Difference

+24.2%

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

About this home

*** OPEN HOUSE Sunday, 11:00 AM - 1:00 PM ***. $25k price adjustment! Experience unparalleled urban living in this stunning two-bedroom, two-bath corner loft at Latitude Condos, nestled in historic seaside Salem. Flooded with natural light from soaring ceilings and large NEW windows, this home boasts timeless character with exposed brick walls and original maple floors. The gourmet kitchen features stainless steel appliances, a gas range, and an island, while the main bedroom comes complete with an ensuite. Brand-new washer/dryer, heat/AC unit replaced in 2023, new smoke alarms, electronic keypad entry, fresh paint throughout - move-in ready! Enjoy the convenience of an elevator, dedicated basement storage, and a parking spot at the Museum Place garage—all covered by an affordable condo fee. Located within Salem's vibrant downtown, with shops and restaurants just minutes away, plus easy access to Boston by train and ferry, this is city living at its finest. Easy to Show.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

2.8%

Price Range

Total Days on Market

Property Timeline

✓

Sold

Jul 29, 2025

$525,000

Property sold

Days on Market: 38

🏠

Listed for Sale

May 29, 2025

$539,900

Original listing

Agent: Armstrong Field Team Office: Aluxety

Date	Event	Price	Change	$/sqft	Details
07/29/2025	✓ Sold	$525,000	-	-	Property sold
05/29/2025	🏠 Listed for Sale	$539,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$5,022	$442,900

Financial Details

Annual Property Tax

$5,022

Tax Year 2025

HOA Fee

$375

Monthly

Assessed Value

$442,900

Facts & Features

1 Car Garage

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1900

Living Area 972 sq ft

Lot Size 0.17 acres

Bedrooms 2

Full Baths 2

Total Rooms 4

Interior

Heating Heat Pump, Electric

Cooling Central Air, Heat Pump

Flooring Hardwood

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace None

Basement Y

Laundry First Floor, Electric Dryer Hookup, Washer Hookup

Features None

Exterior

Construction Brick

Architecture None

Roof Rubber

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Garage Spaces 1

Has Garage Yes

Features Detached, Common, Rented

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $5,022

Assessed Value $442,900

HOA & Community

HOA Fee $375 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Amenities Elevator(s), Storage

Optional Fee Includes None

MA Disclosures

Seller Disclosures Pets Allowed But Subject To Condo Board Approval.

Additional Details

Possession None

Accepted Financing None

Structure Type ["Loft"]

Unit/Building 206

Sq Ft Source Public Record

Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans (4)

County Essex

Total market time (incl. prior listings) 38 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

972 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Hardwood

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features:

Windows: Insulated Windows

Basement: Y

Laundry: First Floor, Electric Dryer Hookup, Washer Hookup

Security: Intercom

Construction & Materials

Year Built: 1900

Effective Year (Renovated): 2008

Structure Type: Loft

Exterior Materials: Brick

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump, Electric

Cooling: Central Air, Heat Pump

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

Garage Spaces: 1

Total Parking Spaces: 1

Parking Features: Detached, Common, Rented

Nearby Schools

School information not available for this location.

Location

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Neighborhood

281 Essex Street # 206, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Armstrong Field Team

Listing Office Aluxety

Office Phone 800-806-3212

Agent MLS ID TEAM0455

Office MLS ID AN8387

Listing Data Updated Jul 31, 2025 7:41 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

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