55 Ocean Avenue # 3, Salem MA 01970

Salem, MA 01970
$275,000
3
Beds
1
Baths
1,395
Sq Ft
$197
Price/Sq Ft
0.10
Acres
1895
Year Built
1
Parking
Condominium
Type
36
Days on Market
Sold 2005 Listed Feb 1, 2005 • MLS# 70140857 Copied! • Updated Mar 31, 2025

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

Sale Statistics

Sale Overview
Original List Price: $289,900
Final Sale Price: $275,000
Difference: $14,900 (-5.1%)
Performance Metrics
94.9%
List to Sale Ratio
Sold below asking price
36
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $208
Sale $/sq ft: $197
This property sold for $197 per square foot
Sale Summary

This property sold for 5.1% below the original asking price.

The property spent 36 days on market before selling.

Nearby Sales Comparison

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

This Property
$197/sq ft
Area Median
$416/sq ft
Difference
52.6%

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

About this home

Spacious penthouse condo in an excellent location. Wonderful combination of period details and modern renovations. 3 bedrooms, updated systems and gleaming hardwood floors. Move-in condition!

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Recently Sold Nearby

Price & Status History

Market Insights

43.8%
Price Range
37
Total Days on Market

Property Timeline

Current Active Listing - MLS #73600739
Full transaction history available when tracking began
🏡
Currently Listed
Nov 10, 2026
$489,000
MLS #73600739 - Active
View Listing →
✓
Sold
Apr 14, 2005
$275,000
Property sold
Days on Market: 37
🏠
Listed for Sale
Feb 1, 2005
$284,900
Original listing
Agent: Richard W. Cooper Office: Coldwell Banker Residential Brokerage - Marblehead

Tax History

Year Taxes Assessment
2005 $2,625 $224,200

Financial Details

Annual Property Tax
$2,625
Tax Year 2005
HOA Fee
$184
Per month
Assessed Value
$224,200

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1895
Living Area 1,395 sq ft
Lot Size 0.10 acres
Stories 1
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Forced Air
Cooling None
Flooring Wood, Vinyl
Appliances Range, Oven, Dishwasher, Disposal, Refrigerator, Freezer
Fireplace None
Basement Y
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Slate
Features Porch
Pool None
Spa None
Fencing None
Patio/Porch Porch
Features Off Street
Total Spaces 1
Electric 110 Volts
Water Public, City/town Water
Sewer None
Gas None
Other For Gas Range
Annual Tax $2,625
Assessed Value $224,200

HOA & Community

HOA Fee $184
Fee Includes Water, Sewer, Maintenance Structure
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Lead Paint Yes
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["2/3 Family"]
Unit/Building 3
Sq Ft Source Field Card
Documents Master Deed, Rules & Regs, Floor Plans (3)
County Essex
Total market time (incl. prior listings) 37 days

Property Overview

Property Type
Condominium
Listing Type
Sold
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
1
Entry Level
3

Floor Layout

Interior Features

Flooring: Wood, Vinyl
Appliances: Range, Oven, Dishwasher, Disposal, Refrigerator, Freezer
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1895
Effective Year (Renovated): 2002
Structure Type: 2/3 Family
Exterior Materials:
Roof: Slate
Foundation:
Stories: 1

Utilities & Systems

Heating: Forced Air
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: Off Street
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
1.7 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 # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Richard W. Cooper
Listing Office Coldwell Banker Residential Brokerage - Marblehead
Office Phone 781-631-9511
Agent MLS ID C8000505
Office MLS ID C75100
Listing Data Updated Mar 31, 2025 9:07 PM 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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