389 Essex Street # 3, Salem MA 01970

Salem, MA 01970

$276,500

Beds

Baths

1,100

Sq Ft

$251

Price/Sq Ft

1882

Year Built

Condominium

Type

Days on Market

Sold Listed Jun 27, 2005 • MLS# 70216445 Copied! • Updated Mar 31, 2025

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Sale Statistics

Sale Overview

Original List Price: $281,000

                            Final Sale Price:
                            $276,500
                        

Difference: $4,500 (-1.6%)

Performance Metrics

98.4%

List to Sale Ratio

Sold below asking price

Days on Market

Quick sale

Price per Square Foot Analysis

Original $/sq ft: $255

                            Sale $/sq ft:
                            $251
                        

This property sold for $251 per square foot

Sale Summary

This property sold for 1.6% below the original asking price.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 32 similar properties sold within 0.5 miles in the last 90 days

This Property

$251/sq ft

Area Median

$412/sq ft

Difference

39.0%

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

About this home

FABULOUS PENTHOUSE IN STATELY 1882 RESIDENCE OFFERING OPEN FLOOR PLAN, HIGH CEILINGS, 2 BEDROOMS, WIDE PINE FLOORS, LOVELY GARDEN. ON STREET PARKING. GREAT PRICE!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

39.9%

Price Range

140

Total Days on Market

Previous Sales

Property Timeline

Previous Transaction - MLS #73428087

Full transaction history available when tracking began

🏷️

Previously Sold

Oct 6, 2025

$460,000

MLS #73428087

View Listing →

✓

Sold

Aug 11, 2005

$276,500

Property sold

Days on Market: 140

🏠

Listed for Sale

Jun 27, 2005

$281,000

Original listing

Agent: Betsy Merry Office: Coldwell Banker Residential Brokerage - Salem

Date	Event	Price	Change	$/sqft	Details
10/06/2025	🏷️ Previously Sold	$460,000	-	-	MLS #73428087
08/11/2005	✓ Sold	$276,500	-	-	Property sold
06/27/2005	🏠 Listed for Sale	$281,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2005	$2,645	$232,400

Financial Details

Annual Property Tax

$2,645

Tax Year 2005

HOA Fee

$175

Per month

Assessed Value

$232,400

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1882

Living Area 1,100 sq ft

Stories 1

Bedrooms 2

Full Baths 1

Total Rooms 4

Interior

Heating Baseboard, Natural Gas

Cooling None

Flooring Wood

Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Fireplace None

Basement Y

Laundry Gas Dryer Hookup

Features None

Exterior

Construction Frame

Architecture None

Roof Slate

Features Patio

Pool None

Spa None

Fencing None

Patio/Porch Patio

Parking

Features On Street

Utilities

Electric Circuit Breakers, 60 Amps/less

Water Public, City/town Water, City/town Sewer

Sewer Public Sewer

Gas None

Other For Gas Range, For Gas Oven, For Gas Dryer

Financial

Annual Tax $2,645

Assessed Value $232,400

HOA & Community

HOA Fee $175

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal

Amenities None

Optional Fee Includes None

Owner-Occupied Units 3

MA Disclosures

Lead Paint Unknown

Seller Disclosures None

Additional Details

Possession None

Accepted Financing Other (see Remarks)

Structure Type ["Detached","2/3 Family"]

Unit/Building 3

Sq Ft Source Unit Floor Plan

Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans (4)

County Essex

Total market time (incl. prior listings) 15 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1882

Bedrooms

Full Bathrooms

Living Area

1,100 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood

Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer

Interior Features:

Windows: Storm Window(s)

Basement: Y

Laundry: Gas Dryer Hookup

Security: Other

Construction & Materials

Year Built: 1882

Effective Year (Renovated): 2000

Structure Type: Detached, 2/3 Family

Exterior Materials: Frame

Roof: Slate

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas

Heating Zones: 1

Cooling: None

Hot Water:

Water Source: Public, City/Town Water, City/Town Sewer

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Patio

Patio & Porch: Patio

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Parking Features: On Street

Nearby Schools

School information not available for this location.

Location

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Neighborhood

389 Essex Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Betsy Merry

Listing Office Coldwell Banker Residential Brokerage - Salem

Office Phone 978-741-4404

Agent MLS ID C3445958

Office MLS ID C99300

Listing Data Updated Mar 31, 2025 9:52 PM 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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