36-38 Fairmount Street # 2, Salem MA 01970

Salem, MA 01970

$525,000

Beds

1.5

Baths

906

Sq Ft

$579

Price/Sq Ft

1900

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Jul 8, 2025 • MLS# 73400789 Copied! • Updated Aug 22, 2025

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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

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 4 similar properties sold within 0.5 miles in the last 90 days

This Property

$579/sq ft

Area Median

$423/sq ft

Difference

+37.0%

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!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

14.3%

Price Range

Total Days on Market

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

View Listing →

Date	Event	Price	Change	$/sqft	Details
08/22/2025	✓ Sold	$525,000	-	-	Property sold
07/08/2025	🏠 Listed for Sale	$499,000	-	-	Original listing
09/29/2021	🏷️ Previously Sold	$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

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

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

MA Disclosures

Seller Disclosures Assigned Parking Is #2.

Additional Details

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

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Half Bathrooms

Living Area

906 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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:

Nearby Schools

School information not available for this location.

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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