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34 Forrester Street # 3, Salem MA 01970

Salem, MA 01970 • Downtown
$495,000
Est. $3,381/month
3
Beds
1
Baths
1,057
Sq Ft
$468
Price/Sq Ft
0.05
Acres
1900
Year Built
2
Days on Market
Closed Listed Sep 12, 2025 • MLS# 73430113 Copied!

About this home

Located in a prime Salem location just steps from Salem Common, this 3-bedroom condo blends modern updates with historic charm. Features include a spacious remodeled bathroom, in-unit laundry, ductless mini-splits for both heating and cooling, and a bonus room perfect for a home office or den. A new custom closet enhances the primary bedroom. A private deck provides an ideal outdoor space for relaxing or entertaining. Walking distance to the commuter rail, and ferry access to Boston! Plenty of on-street parking. This is a great opportunity to enjoy all that Salem has to offer! Open House this Sunday 9/14 from 11:00 am - 1:00 pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
3
Full Bathrooms
1
Living Area
1,057 sq ft
Total Rooms
6
Stories
3
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $489,000
Final Sale Price: $495,000
Difference: +$6,000 (+1.2%)
Performance Metrics
101.2%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $463
Sale $/sq ft: $468
This property sold for $468 per square foot
Sale Summary

This property sold for 1.2% above the original asking price, indicating strong buyer demand.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$468/sq ft
Area Average
$366/sq ft
Difference
+27.8%

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 1900
Living Area 1,057 sq ft
Lot Size 0.05 acres
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Forced Air, Natural Gas, Electric, Ductless
Cooling Unit Control, Ductless
Flooring Wood, Tile, Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Flooring - Hardwood, Deck - Exterior, Third Floor, In Unit
Features Entrance Foyer, Office

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Deck
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Features On Street

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,538
Assessed Value $400,200

Interior Features

Flooring: Wood, Tile, Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Entrance Foyer, Office
Windows:
Basement: Y
Laundry: Flooring - Hardwood, Deck - Exterior, Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1900
Structure Type: Attached
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Electric, Ductless
Cooling: Unit Control, Ductless
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features: On Street

Location

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Neighborhood

Downtown

34 Forrester Street # 3, 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 $378
Homeowners Insurance $200
HOA Fee $300/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

1.2%
Price Range
3
Total Days on Market

Property Timeline

Sold
Oct 24, 2025
$495,000
Property sold
Days on Market: 3
🏠
Listed for Sale
Sep 12, 2025
$489,000
Original listing
Agent: Jeffrey Terlik Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Sep 12, 2025 New Listing Added $489,000

Market Statistics

Days on Market
2 days
Price per Sq Ft
$468

Tax History

Year Taxes Assessment
2025 $4,538 $400,200

Financial Details

Annual Property Tax
$4,538
Tax Year 2025
HOA Fee
$300
Monthly
Assessed Value
$400,200

Listing Information

Listing Agent Jeffrey Terlik
Listing Office Keller Williams Realty Evolution
Agent MLS ID CN221656
Office MLS ID C95098
Listing Data Updated Oct 24, 2025 2:28 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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