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24 Norman Street # 101, Salem MA 01970

Salem, MA 01970
$342,900
Est. $2,559/month
1
Beds
1
Baths
637
Sq Ft
$538
Price/Sq Ft
1920
Year Built
13
Days on Market
Closed Listed Jun 18, 2025 • MLS# 73393157 Copied!

About this home

EXPERIENCE LOFT-STYLE LIVING IN THE HEART OF HISTORIC DOWNTOWN SALEM! Step into this beautifully renovated corner loft in one of Salem’s most sought-after buildings. This open-concept condominium features soaring wood-beamed ceilings, exposed brick walls, hardwood floors and oversized windows that flood the space with natural light. Enjoy unbeatable access to Salem’s vibrant downtown—just steps from acclaimed restaurants, boutique shopping, the MBTA commuter rail, Salem Ferry, Derby Wharf, Salem St. Univ., and the renowned Peabody Essex Museum. Recent upgrades add both comfort and style, including new engineered hdwd flooring, modern light fixtures, fresh paint, a ceiling fan, wall-mounted TV, and an electric heater fireplace for cozy ambiance. Custom window treatments complete the polished look. New heat/ac in 2025 and hot water heater in 2024. Additional perks include in-building laundry and permit parking at Riley Plaza. This unique home offers character, convenience, and comfort!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
1
Full Bathrooms
1
Living Area
637 sq ft
Total Rooms
3
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $342,900
Final Sale Price: $342,900
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $538
Sale $/sq ft: $538
This property sold for $538 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 21 similar properties sold within 0.5 miles in the last 90 days

This Property
$538/sq ft
Area Average
$381/sq ft
Difference
+41.1%

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

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 637 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Electric, Wall Furnace
Cooling Wall Unit(s), Unit Control
Flooring Hardwood
Appliances Range, Refrigerator, Range Hood
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Common Area, In Building
Features None

Exterior

Construction Brick, Post & Beam
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,306
Assessed Value $291,500

Interior Features

Flooring: Hardwood
Appliances: Range, Refrigerator, Range Hood
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 1985
Structure Type: Loft
Exterior Materials: Brick, Post & Beam
Roof: Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Electric, Wall Furnace
Cooling: Wall Unit(s), Unit Control
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, T-Station, University

Location

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Neighborhood

24 Norman Street # 101, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $276
Homeowners Insurance $200
HOA Fee $349/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

14
Total Days on Market

Property Timeline

Sold
Jul 18, 2025
$342,900
Property sold
Days on Market: 14
🏠
Listed for Sale
Jun 18, 2025
$342,900
Original listing
Agent: Timothy Hanlon Office: Commonwealth East

Price & Status History

Date Event Price Change
Jun 18, 2025 New Listing Added $342,900

Market Statistics

Days on Market
13 days
Price per Sq Ft
$538

Tax History

Year Taxes Assessment
2025 $3,306 $291,500

Financial Details

Annual Property Tax
$3,306
Tax Year 2025
HOA Fee
$349
Monthly
Assessed Value
$291,500

Listing Information

Listing Agent Timothy Hanlon
Listing Office Commonwealth East
Agent MLS ID BB300576
Office MLS ID BB9885
Listing Data Updated Jul 20, 2025 2:32 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

24 Norman Street # 101, Salem MA 01970 - Photo 1 24 Norman Street # 101, Salem MA 01970 - Photo 2 24 Norman Street # 101, Salem MA 01970 - Photo 3 24 Norman Street # 101, Salem MA 01970 - Photo 4 24 Norman Street # 101, Salem MA 01970 - Photo 5 24 Norman Street # 101, Salem MA 01970 - Photo 6 24 Norman Street # 101, Salem MA 01970 - Photo 7 24 Norman Street # 101, Salem MA 01970 - Photo 8 24 Norman Street # 101, Salem MA 01970 - Photo 9 24 Norman Street # 101, Salem MA 01970 - Photo 10 24 Norman Street # 101, Salem MA 01970 - Photo 11 24 Norman Street # 101, Salem MA 01970 - Photo 12 24 Norman Street # 101, Salem MA 01970 - Photo 13 24 Norman Street # 101, Salem MA 01970 - Photo 14 24 Norman Street # 101, Salem MA 01970 - Photo 15
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