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36-38 Fairmount Street # 2, Salem MA 01970

Salem, MA 01970
$525,000
Est. $3,496/month
2
Beds
1.5
Baths
906
Sq Ft
$579
Price/Sq Ft
1900
Year Built
16
Days on Market
Closed Listed Jul 8, 2025 • MLS# 73400789 Copied!

About this home

Welcome to your dream condo located on a quiet, side street in North Salem. Beautifully renovated to the studs in 2021, this 2 bedroom, 1.5 bathroom 906 sq ft home offers the perfect blend of modern amenities & classic charm. As you enter, you are greeted by sky high ceilings, gorgeous hardwood floors, beautiful moldings, oversized windows & a cozy gas fireplace. This open concept space opens to a dining area with bay windows & a stunning stainless steel kitchen with peninsula - perfect for gathering around. The well equipped kitchen features quartz countertops, a subway tile backsplash, plenty of cabinets and premium stainless steel appliances. Each bedroom offers ample closet space and tub/shower combo is a nice feature of the full bathroom. Other amenities include central AC, assigned parking for one car, locked/private/deeded basement storage, in unit laundry and common outdoor space. Located close to Kernwood Golf Course, shopping, highways, restaurants and public transportation!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
906 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $499,000
Final Sale Price: $525,000
Difference: +$26,000 (+5.2%)
Performance Metrics
105.2%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $551
Sale $/sq ft: $579
This property sold for $579 per square foot
Sale Summary

This property sold for 5.2% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$579/sq ft
Area Average
$296/sq ft
Difference
+95.9%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 906 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Vinyl, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Y
Laundry Second Floor, In Unit, Electric Dryer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch, Screens, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Off Street, Assigned, Paved
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer

Financial

Annual Tax $5,391
Assessed Value $475,400

Interior Features

Flooring: Vinyl, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Screens
Basement: Y
Laundry: Second Floor, In Unit, Electric Dryer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2021
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Screens, Rain Gutters
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities:

Location

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Neighborhood

36-38 Fairmount Street # 2, 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 $449
Homeowners Insurance $200
HOA Fee $192/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

5%
Price Range
17
Total Days on Market

Property Timeline

Sold
Aug 22, 2025
$525,000
Property sold
Days on Market: 17
🏠
Listed for Sale
Jul 8, 2025
$499,000
Original listing
Agent: Willis + Tierney Office: Compass

Price & Status History

Date Event Price Change
Jul 8, 2025 New Listing Added $499,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$579

Tax History

Year Taxes Assessment
2025 $5,391 $475,400

Financial Details

Annual Property Tax
$5,391
Tax Year 2025
HOA Fee
$192
Monthly
Assessed Value
$475,400

Listing Information

Listing Agent Willis + Tierney
Listing Office Compass
Agent MLS ID TM352050
Office MLS ID AN6818
Listing Data Updated Aug 22, 2025 3:46 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

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