327 Lafayette St # 2, Salem MA 01970

Salem, MA 01970 • Forest River
$475,000
Est. $2,528/month
3
Beds
1
Baths
1,283
Sq Ft
$370
Price/Sq Ft
0.18
Acres
1920
Year Built
Condominium
Type
101
Days on Market
Active Price Drop -$25,000 Listed Sep 26, 2025 • MLS# 73391424

About this home

** Newly refinished floors ** Discover the space and flexibility you’ve been looking for at 327 Lafayette St Unit 2 — a bright, move-in-ready condo offering 2-3 bedrooms, a dedicated office, and a versatile bonus room perfect for guests, hobbies, or work-from-home needs. Set on the second floor of a well-kept building near downtown Salem, Salem State, and Forest River Park, this home features high ceilings, hardwood floors, CENTRAL AC, and sun-filled rooms throughout. The kitchen offers generous cabinet space and connects seamlessly to an open living area, ideal for both daily living and entertaining. Step outside and enjoy a shared backyard with a fire pit—great for summer evenings with friends. Laundry and extra storage are located in the basement, and two deeded parking spots are included. Delivered vacant, this thoughtfully laid-out home stands out for its comfort, convenience, and location in one of Salem’s most walkable neighborhoods.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1920
Bedrooms
3
Full Bathrooms
1
Living Area
1,283 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Interior Features

Flooring
Wood, Tile
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air, Individual
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Refrigerator
Interior Features
Office
Laundry Features
In Basement
Basement Details
Y
Window Features
Insulated Windows
Accessibility Features
No

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Exterior Features
Garden
Has Spa
No
Waterfront Features
Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.18 acres
Lot Size
7,771 sq ft
Lot Size Area
0.1800

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Deeded

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
HOA Fee
$208
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,214
Tax Year
2025
Tax Assessed Value
$371,600
Parcel Number
M:32 L:0230 S:802,4559533
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Building Name
327 Lafayette St Condominium
Common Walls
2+ Common Walls
Disclosures
Public Record shows 3 bedrooms - 3rd bedroom has to pass through bathroom or main bedroom
Listing Terms
Contract

Location

Loading map...

Neighborhood

Forest River

327 Lafayette St # 2, Salem MA 01970

Salem, MA 01970

Walkability

Loading Walk Score...

Schools

Middle School
Collins M.S.
Rating information coming soon
High School
Salem H.S
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $351
Homeowners Insurance $200
HOA Fee $208
PMI $0

Property History

Market Insights

1
Price Changes
2.9%
Price Range

Property Timeline

Price Reduced
Sep 19, 2025
$475,000 $14,000 (-2.86%)
From $489,000 to $475,000 (-2.9%)
🏠
Listed for Sale
Jun 16, 2025
$489,000
Original listing
Office: Compass

Price & Status History

Date Event Price Change
Sep 19, 2025 Price Changed $475,000 -$14,000
Jun 16, 2025 New Listing Added $489,000

Market Statistics

Days on Market
101 days
Price per Sq Ft
$370
Total Price Drop
-$25,000

Tax History

Year Taxes Assessment
2025 $4,214 $371,600

Financial Details

Annual Property Tax
$4,214
Tax Year 2025
HOA Fee
$208
Monthly
Assessed Value
$371,600

Listing Information

Listing Agent Sherwood & Company Team
Listing Office Compass
Agent MLS ID TM352103
Office MLS ID AN2383

Similar Homes

327 Lafayette St # 2, Salem MA 01970 - Photo 1 327 Lafayette St # 2, Salem MA 01970 - Photo 2 327 Lafayette St # 2, Salem MA 01970 - Photo 3 327 Lafayette St # 2, Salem MA 01970 - Photo 4 327 Lafayette St # 2, Salem MA 01970 - Photo 5 327 Lafayette St # 2, Salem MA 01970 - Photo 6 327 Lafayette St # 2, Salem MA 01970 - Photo 7 327 Lafayette St # 2, Salem MA 01970 - Photo 8 327 Lafayette St # 2, Salem MA 01970 - Photo 9 327 Lafayette St # 2, Salem MA 01970 - Photo 10 327 Lafayette St # 2, Salem MA 01970 - Photo 11 327 Lafayette St # 2, Salem MA 01970 - Photo 12 327 Lafayette St # 2, Salem MA 01970 - Photo 13 327 Lafayette St # 2, Salem MA 01970 - Photo 14 327 Lafayette St # 2, Salem MA 01970 - Photo 15 327 Lafayette St # 2, Salem MA 01970 - Photo 16 327 Lafayette St # 2, Salem MA 01970 - Photo 17 327 Lafayette St # 2, Salem MA 01970 - Photo 18

Contact Agent

Schedule a Tour