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281 Essex Street # 201, Salem MA 01970

Salem, MA 01970 • Downtown
$550,000
Est. $3,932/month
2
Beds
2
Baths
1,241
Sq Ft
$443
Price/Sq Ft
1900
Year Built
73
Days on Market
Closed Listed Aug 21, 2025 • MLS# 73420914 Copied!

About this home

Price improvement !Experience the ULTIMATE in downtown Salem living with this stunning 2 bed, 2 bath LOFT at Latitude Condos. Soaring 12+ ft ceilings, exposed brick, original maple floors, and expansive windows fill the space with character and natural light. The open layout includes a gourmet kitchen with stainless steel appliances, GAS range, and island, plus in-unit laundry and central air for comfort year-round. The primary suite offers a private bath and generous closet space, while the second bedroom provides flexibility for guests, a home office, or creative studio. Enjoy elevator access, basement storage, and a parking pass for the Museum Place/Peabody Essex garage—all included in the affordable condo fee. This pet-friendly building is just steps to Salem’s vibrant downtown, Salem Common, Pickering Wharf, shops, restaurants, and only 2 blocks from the commuter rail with easy access to Boston by train or ferry.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,241 sq ft
Total Rooms
5
Stories
1
Entry Level
2
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $579,900
Final Sale Price: $550,000
Difference: $29,900 (-5.2%)
Performance Metrics
94.8%
List to Sale Ratio
Sold below asking price
73
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $467
Sale $/sq ft: $443
This property sold for $443 per square foot
Sale Summary

This property sold for 5.2% below the original asking price.

The property spent 73 days on market before selling.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$443/sq ft
Area Average
$355/sq ft
Difference
+24.9%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,241 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Electric
Cooling Central Air
Flooring Wood
Appliances Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Second Floor, In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Detached
Total Spaces 1

Utilities

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

Financial

Annual Tax $5,792
Assessed Value $498,000

Interior Features

Flooring: Wood
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: Second Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1900
Structure Type: High-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 1
Parking Features: Detached

Location

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Neighborhood

Downtown

281 Essex Street # 201, 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 $483
Homeowners Insurance $200
HOA Fee $468/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

Property Timeline

Sold
Dec 5, 2025
Property sold
🏠
Listed for Sale
Aug 21, 2025
$569,000
Original listing
Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Aug 21, 2025 New Listing Added $569,000

Market Statistics

Days on Market
73 days
Price per Sq Ft
$443

Tax History

Year Taxes Assessment
2025 $5,792 $498,000

Financial Details

Annual Property Tax
$5,792
Tax Year 2025
HOA Fee
$468
Monthly
Assessed Value
$498,000

Listing Information

Listing Office Atlantic Coast Homes,Inc
Agent MLS ID C8000685
Office MLS ID AC1991
Listing Data Updated Dec 8, 2025 7:43 AM EST
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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