Spacious and sun-filled penthouse unit located just one block from the ocean, between downtown Salem and Salem State University. The recently renovated kitchen and large living room provide an open layout, ideal for both relaxing and entertaining. Step outside to your private porch and enjoy your morning coffee and the ocean breeze. Features include custom built-ins, detailed millwork, hardwood floors and designer wallpaper that add character and style throughout. The second bedroom features an adjoining bonus room—perfect for a home office, nursery, or creative studio. This unit includes dedicated laundry in basement, two large private storage areas and 1 deeded parking space. Take a stroll down the street to Forest River Park or the beach to enjoy all that the great outdoors has to offer. Enjoy the best of coastal living in a well-maintained, pet-friendly building with low HOA fees—just moments from the beach, parks, shops, dining and public transportation.
Sale Statistics
Sale Overview
Original List Price:$485,000
Final Sale Price:$470,000
Difference:
$15,000 (-3.1%)
Performance Metrics
96.9%
List to Sale Ratio
Sold below asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$432
Sale $/sq ft:$419
This property sold for $419 per square foot
Sale Summary
This property sold for 3.1% below the original asking price.
With only 20 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
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,123 sq ft
Total Rooms
5
Stories
1
Entry Level
3
Interior Features
Flooring
Tile, Hardwood
Heating
Hot Water, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Oven, Dishwasher, Disposal, Refrigerator, Freezer, Range Hood
Interior Features
Bonus Room
Laundry Features
In Basement, Common Area
Basement Details
Y
Accessibility Features
No
Exterior & Structure
Construction Materials
Frame
Roof
Shingle, Rubber
Exterior Features
Porch
Patio/Porch Features
Porch
Has Spa
No
Waterfront Features
Harbor, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Assigned, Paved
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, Marina, Private School, Public School, T-Station, University
HOA Fee
$155
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$4,919
Tax Year
2025
Tax Assessed Value
$425,000
Parcel Number
4315826
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Renovated Since
Common Walls
No One Above
Attached Property
No
Disclosures
The HOA is set to be increased by $15 in September 2025.
