55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
$499,000
Est. $3,401/month
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About this home
Salem charm at its finest in this 3 bedroom, 1 full bath condo with beautiful hardwood floors, high ceilings, crown moldings, original clawfoot tub, loads of natural light, laundry in unit, updated electrical, outside space and off street parking. Enter into a bright living room with lovely detailed mantels just off of the dedicated dining room with electric fireplace and two pantry closets for plenty of storage. Enjoy the large kitchen with granite countertops, wood cabinets, and stainless steel appliances. Outside of this well designed condo, you will find a large attic exclusive to this unit, an oversized storage unit in the basement, shared yard space, and an exclusive garden area to grow whatever you would like. Relax on the wrap around porch overlooking the yard space or venture down the street to one of the nearby beaches or parks. Other local amenities include, Salem State University, Salem Commuter Rail, downtown Salem, restaurants, shops and much more. Join us for an open house Saturday 7/25 from 11:00-12:30 or schedule a private showing today.
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Jul 6, 2026
$499,000
Original listing
Agent: Farrar Realty Group
Office: Atlantic Coast Homes,Inc
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 07/06/2026 | 🏠 Listed for Sale | $499,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,189 | $481,400 |
Financial Details
Annual Property Tax
$5,189
Tax Year 2026
HOA Fee
$245
Monthly
Assessed Value
$481,400
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1895
Living Area
1,395 sq ft
Lot Size
0.10 acres
Bedrooms
3
Full Baths
1
Total Rooms
6
Interior
Heating
Forced Air, Natural Gas
Cooling
Window Unit(s)
Flooring
Hardwood
Appliances
None
Fireplace
None
Fireplaces
2
Basement
Y
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Slate
Features
Porch
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Features
Off Street
Total Spaces
1
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,189
Assessed Value
$481,400
HOA & Community
HOA Fee
$245 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["2\/3 Family"]
Unit/Building
3
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
16 days
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
1
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,395 sq ft above grade
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Interior Features:
Windows:
Insulated Windows
Basement:
Y
Laundry:
Security:
Construction & Materials
Year Built:
1895
Effective Year (Renovated):
2002
Structure Type:
2/3 Family
Exterior Materials:
Frame
Roof:
Slate
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Window Unit(s)
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
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
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
Elementary Schools
9 schools
The Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.4 mi
|
#460 of 824
|
Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students
Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
0.9 mi
|
#671 of 824
|
Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi
|
#388 of 824
|
Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.6 mi
|
#568 of 824
|
Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.6 mi
106 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.7 mi
|
#468 of 824
|
Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students
Diverse
Grades K-05
B+
Bates School
2.0 mi
|
#325 of 824
|
Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
C+
Collins Middle School
0.8 mi
|
#219 of 352
|
Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.7 mi
|
#139 of 346
|
Score: 56.7
Improved 97 spots from last year
-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
0.9 mi
|
#144 of 346
|
Score: 56.1
Dropped 24 spots from last year
-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
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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
$432
Homeowners Insurance
$200
HOA Fee
$245/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
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Current Rate
$0/mo
+0.5% Rate
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Payment Over Time
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.
Location
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Neighborhood
55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Farrar Realty Group
Listing Office
Atlantic Coast Homes,Inc
Office Phone
978-777-4444
Agent MLS ID
TM333642
Office MLS ID
AC1991
Listing Data Updated
Jul 22, 2026 8:47 AM 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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