55 Ocean Avenue # 1, Salem MA 01970

Salem, MA 01970
$196,950
2
Beds
1
Baths
1,168
Sq Ft
$169
Price/Sq Ft
1899
Year Built
1
Parking
Condominium
Type
224
Days on Market
Sold Listed Jan 4, 2009 • MLS# 70859830 Copied! • Updated Apr 1, 2025

Track this home for price, status, and open-house alerts.

Sale Statistics

Sale Overview
Original List Price: $229,900
Final Sale Price: $196,950
Difference: $32,950 (-14.3%)
Performance Metrics
85.7%
List to Sale Ratio
Sold below asking price
224
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $197
Sale $/sq ft: $169
This property sold for $169 per square foot
Sale Summary

This property sold for 14.3% below the original asking price.

At 224 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 14 similar properties sold within 0.5 miles in the last 90 days

This Property
$169/sq ft
Area Median
$431/sq ft
Difference
60.8%

This property sold below the area median, potentially representing good value for the buyer.

About this home

HUGE PRICE REDUCTION!!! Seller is ready to sell! Come enjoy the summer living near the ocean? If you haven't found a first floor unit that has your style of living in mind, let the wide pine floors, pocket doors, high ceilings, the fireplace, an updated eat in kitchen make feel at home; with replacement windows, newer furnace and hw tank, your furniture is all the unit is waiting for. Conveniently located to Forest River park, downtown Salem and the other "gems" Salem has to offer.

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Recently Sold Nearby

Property History

Market Insights

56.2%
Price Range
226
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73278372
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 21, 2024
$450,000
MLS #73278372
View Listing →
✓
Sold
Aug 24, 2009
$196,950
Property sold
Days on Market: 226
🏠
Listed for Sale
Jan 5, 2009
$199,900
Original listing
Agent: Lisa Biggar Office: MACK Realty Group

Tax History

Year Taxes Assessment
2009 $3,176 $245,800

Financial Details

Annual Property Tax
$3,176
Tax Year 2009
HOA Fee
$192
Per month
Assessed Value
$245,800

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1899
Living Area 1,168 sq ft
Stories 1
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas, Individual
Cooling None
Flooring Wood, Vinyl
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Fireplaces 1
Basement Y
Laundry In Basement, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Slate
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Deeded
Total Spaces 1
Electric Circuit Breakers
Water Public, City/town Water
Sewer None
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup
Annual Tax $3,176
Assessed Value $245,800

HOA & Community

HOA Fee $192
Fee Includes Water, Sewer, Insurance, Maintenance Structure
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Pets Yes w/ Restrictions
Lead Paint Unknown
Seller Disclosures Room Sizes Are Approx; Special Assessment
Exclusions Personal Property
Possession None
Accepted Financing None
Structure Type ["Garden","2/3 Family"]
Unit/Building 1
Sq Ft Source Unit Floor Plan
Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans (4)
County Essex
Total market time (incl. prior listings) 226 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1899
Bedrooms
2
Full Bathrooms
1
Living Area
1,168 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Floor Layout

Interior Features

Flooring: Wood, Vinyl
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Basement, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1899
Effective Year (Renovated): 2002
Structure Type: Garden, 2/3 Family
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Individual
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public, City/Town Water
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: Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park
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 Greenhouse School
0.7 mi
Grades PK-08
The Phoenix School
1.3 mi
Grades PK-08
C+
Saltonstall School
0.4 mi | #525 of 825 | Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
C
Horace Mann Laboratory School
0.9 mi | #654 of 825 | Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.5 mi | #340 of 825 | Score: 49.4
Improved 210 spots from last year
-8.8 below state avg
465 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.6 mi | #531 of 825 | Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.6 mi
107 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.6 mi | #470 of 825 | Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students Diverse
Diverse Student Body
Grades K-05
B+
Bates School
2.0 mi | #319 of 825 | Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
B-
Collins Middle School
0.8 mi | #203 of 352 | Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.7 mi | #141 of 346 | Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B+
Salem High School
0.9 mi | #124 of 346 | Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

Location

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Neighborhood

55 Ocean Avenue # 1, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Lisa Biggar
Listing Office MACK Realty Group
Office Phone 978-777-5509
Agent MLS ID C8000691
Office MLS ID C95230
Listing Data Updated Apr 1, 2025 7:04 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
BMN Boston Powered by SERHANT
mail@steve-novak.com
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