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36-38 Fairmount Street # 2, Salem MA 01970

Salem, MA 01970
$525,000
2
Beds
1.5
Baths
906
Sq Ft
$579
Price/Sq Ft
1900
Year Built
1
Parking
16
Days on Market
Closed Listed Jul 8, 2025 • MLS# 73400789 Copied! • Updated Aug 22, 2025

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
$249/sq ft
Difference
+132.6%

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

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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Recently Sold Nearby

Property History

Market Insights

14.3%
Price Range
17
Total Days on Market
1
Previous Sales

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
Previous Transaction - MLS #72875267
Full transaction history available when tracking began
🏷️
Previously Sold
Sep 29, 2021
$449,900
MLS #72875267

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

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
Features Off Street, Assigned, Paved
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer
Annual Tax $5,391
Assessed Value $475,400

HOA & Community

HOA Fee $192 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Seller Disclosures Assigned Parking Is #2.
Possession None
Accepted Financing None
Structure Type ["Mid-Rise"]
Unit/Building 2
Sq Ft Source Field Card
Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Floor Plans, Association Financial Statements, Certificate Of Insurance (7)
County Essex
Total market time (incl. prior listings) 17 days

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

Room Details

Second Floor

Bathroom1
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Office
Family Room
Master Bathroom

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:
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

3 schools
B+
Bates School
0.2 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C
Thomas Carroll School
0.6 mi | #611 of 824 | Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students Diverse
Rising School Diverse Student Body
Grades PK-05
The Phoenix School
0.8 mi
Grades PK-08
M

Middle Schools

3 schools
C+
Collins Middle School
1.3 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
C+
J. Henry Higgins Middle School
1.8 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
B+
Beverly Middle School
2.5 mi | #140 of 352 | Score: 45.2
Improved 24 spots from last year
-13.1 below state avg
1,388 students Moderate
Rising School
Grades 05-08
H

High Schools

3 schools
Bishop Fenwick High School
0.6 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
1.5 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.9 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Location

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Neighborhood

36-38 Fairmount Street # 2, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Willis + Tierney
Listing Office Compass
Office Phone 781-534-9229
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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