245 Lafayette Street # 1A, Salem MA 01970

Salem, MA 01970

$365,000

Beds

Baths

859

Sq Ft

$425

Price/Sq Ft

1971

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Sep 30, 2025 • MLS# 73437560 Copied! • Updated Nov 24, 2025

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Sale Statistics

Sale Overview

Original List Price: $379,900

                            Final Sale Price:
                            $365,000
                        

Difference: $14,900 (-3.9%)

Performance Metrics

96.1%

List to Sale Ratio

Sold below asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $442

                            Sale $/sq ft:
                            $425
                        

This property sold for $425 per square foot

Sale Summary

This property sold for 3.9% below the original asking price.

With only 29 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 16 similar properties sold within 0.5 miles in the last 90 days

This Property

$425/sq ft

Area Median

$430/sq ft

Difference

1.1%

This property sold near the area median for similar homes.

About this home

Conveniently located within walking distance to downtown, only a few blocks to Salem State University, and on the bus line. 245 Lafayette Street, Unit #1A is a 2 bedroom 1 bath first floor condominium featuring a private deck and 1 car parking. The building has professional management, an elevator, lower level common laundry, a separate storage space, and separate heating and hot water systems. The kitchen was redone about 20 years ago. The main living area, which includes an open living room/dining area has hard wood flooring has direct access to the private deck. The 2 bedrooms have newly installed wall-to-wall carpeting. 245 Lafayette Street also offers ease of commuting access to Salem Hospital, major roadways, train and bus service, as well as the "Vibrant" lifestyle of Salem's downtown. Please reach out for an appointment or with any questions you may have.

Public Records & Permits

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Property History

Market Insights

3.9%

Price Range

Total Days on Market

Property Timeline

✓

Sold

Nov 20, 2025

$365,000

Property sold

Days on Market: 31

🏠

Listed for Sale

Sep 30, 2025

$379,900

Original listing

Agent: Mary Stewart & Heather Kaznoski Office: Compass

Date	Event	Price	Change	$/sqft	Details
11/20/2025	✓ Sold	$365,000	-	-	Property sold
09/30/2025	🏠 Listed for Sale	$379,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2025	$3,955	$348,800

Financial Details

Annual Property Tax

$3,955

Tax Year 2025

HOA Fee

$237

Monthly

Assessed Value

$348,800

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1971

Living Area 859 sq ft

Bedrooms 2

Full Baths 1

Total Rooms 4

Interior

Heating Baseboard

Cooling None

Flooring Wood, Carpet

Appliances Range, Dishwasher, Refrigerator

Fireplace None

Basement Y

Laundry In Building

Features None

Exterior

Construction None

Architecture None

Roof Other

Features Porch

Pool None

Spa None

Fencing None

Patio/Porch Porch

Parking

Features Off Street, Paved

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range

Financial

Annual Tax $3,955

Assessed Value $348,800

HOA & Community

HOA Fee $237 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities None

Optional Fee Includes None

Owner-Occupied Units 14

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 1A

Sq Ft Source Field Card

Sq Ft Disclosures Measurements are approximate and for marketing purposes only.

Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)

County Essex

Total market time (incl. prior listings) 31 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1971

Bedrooms

Full Bathrooms

Living Area

859 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Carpet

Appliances: Range, Dishwasher, Refrigerator

Interior Features:

Windows:

Basement: Y

Laundry: In Building

Security: Intercom

Construction & Materials

Year Built: 1971

Effective Year (Renovated): 1971

Structure Type: Garden

Exterior Materials:

Roof: Other

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard

Cooling: None

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Porch

Patio & Porch: Porch

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Paved

Nearby Schools

School information not available for this location.

Location

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Neighborhood

245 Lafayette Street # 1A, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Mary Stewart & Heather Kaznoski

Listing Office Compass

Office Phone 781-534-9229

Agent MLS ID TM305558

Office MLS ID AN6818

Listing Data Updated Nov 24, 2025 2:40 PM EST

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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