289 Essex Street # 307, Salem MA 01970

Salem, MA 01970
$410,000
Est. $2,875/month
1
Beds
1
Baths
722
Sq Ft
$568
Price/Sq Ft
1987
Year Built
18
Days on Market
Closed Listed Nov 6, 2025 • MLS# 73452251 Copied!

About this home

This third-floor condo sits in the heart of downtown Salem, surrounded by shops, restaurants, farmer's markets, festivals, and a creative energy that keeps the city buzzing year-round. The train is less than half a mile away, giving you quick access to Boston while still enjoying everything this vibrant coastal community has to offer. Inside, you’ll find fresh paint, new luxury vinyl plank flooring, and a beautifully remodeled bathroom with a tiled shower. The kitchen features stainless steel appliances and opens to a dining area and spacious living room filled with natural light. Enjoy the building’s amenities - elevator, dedicated storage, common laundry, and well-maintained common areas. Abundant public parking available adjacent to the property. This is an opportunity you don’t want to miss. Stop renting and make this home your own! Easy to show - showings begin immediately.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
1
Full Bathrooms
1
Living Area
722 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $429,000
Final Sale Price: $410,000
Difference: $19,000 (-4.4%)
Performance Metrics
95.6%
List to Sale Ratio
Sold below asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $594
Sale $/sq ft: $568
This property sold for $568 per square foot
Sale Summary

This property sold for 4.4% below the original asking price.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1987
Living Area 722 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Central, Forced Air, Electric
Cooling Central Air
Flooring Vinyl
Appliances Range, Dishwasher, Microwave, Refrigerator
Fireplace None
Basement N
Laundry Main Level, First Floor, Common Area, In Building
Features Internet Available - Broadband, Elevator

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Porch
Pool Association
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Assigned, None

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven

Financial

Annual Tax $4,089
Assessed Value $360,600

Interior Features

Flooring: Vinyl
Appliances: Range, Dishwasher, Microwave, Refrigerator
Interior Features: Internet Available - Broadband, Elevator
Windows: Storm Window(s)
Basement: N
Laundry: Main Level, First Floor, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1987
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, 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: Porch
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features: Assigned, None

Location

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Neighborhood

289 Essex Street # 307, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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

9 schools
The Phoenix School
0.6 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.6 mi | #460 of 824 | Score: 45.8
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.8 mi | #468 of 824 | Score: 45.6
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.0 mi | #325 of 824 | Score: 50.0
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.1 mi | #568 of 824 | Score: 42.3
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.1 mi | #671 of 824 | Score: 37.4
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.2 mi | #388 of 824 | Score: 48.1
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.7 mi | #139 of 346 | Score: 56.7
-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
1.2 mi | #144 of 346 | Score: 56.1
-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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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 $341
Homeowners Insurance $200
HOA Fee $261/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

99.4%
Price Range

Property Timeline

Current Active Listing - MLS #73463510
Full transaction history available when tracking began
🏡
Currently Listed
Dec 23, 2025
$2,700
MLS #73463510 - Active
Sold
Dec 10, 2025
Property sold
🏠
Listed for Sale
Nov 6, 2025
$429,000
Original listing
Agent: Laura Crowell Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Dec 23, 2025 Sold $2,700
Nov 6, 2025 New Listing Added $429,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$568

Tax History

Year Taxes Assessment
2025 $4,089 $360,600

Financial Details

Annual Property Tax
$4,089
Tax Year 2025
HOA Fee
$261
Monthly
Assessed Value
$360,600

Listing Information

Listing Agent Laura Crowell
Listing Office J. Barrett & Company
Agent MLS ID C9501291
Office MLS ID AC2087

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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