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5 Gardner St # 3, Salem MA 01970

Salem, MA 01970
$450,000
Est. $3,118/month
2
Beds
1
Baths
1,104
Sq Ft
$408
Price/Sq Ft
0.15
Acres
1914
Year Built
4
Days on Market
Closed Listed May 15, 2024 • MLS# 73237757 Copied!

About this home

Light, bright, & totally turnkey this 2bed/1bath condo will make you say WOW! Well maintained & thoughtfully updated w/in the last 2 years, this gem will not disappoint. A-Frame style cathedral ceilings w/exposed beams give a charming loft-like feel in an open concept living area. New EVERYTHING (quartz & granite counters, stylish lighting, sink/disposal, open shelving & FULL suite of new Samsung 'smart' appliances) means you can host dinner parties ASAP. The bathroom's equally updated w/chic & modern new vanity, tile floor, & even a new toilet! Upgrades to kitchen electric, recessed LED lighting, keyless unit door entry, & smart technology. Added bonuses include dedicated washer/dryer in basement, deeded portion of back porch & tranquil backyard, as well as a brand new Oil Tank & hot-water heater (heat/hot H2O included in low HOA)! All just a few blocks from the best shops/restaurants of vibrant downtown Salem in one direction & Forest River Park in the other. Don't miss this one

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1914
Bedrooms
2
Full Bathrooms
1
Living Area
1,104 sq ft
Total Rooms
5
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $419,000
Final Sale Price: $450,000
Difference: +$31,000 (+7.4%)
Performance Metrics
107.4%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $380
Sale $/sq ft: $408
This property sold for $408 per square foot
Sale Summary

This property sold for 7.4% above the original asking price, indicating strong buyer demand.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1914
Living Area 1,104 sq ft
Lot Size 0.15 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Oil
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Disposal, Microwave, Freezer, Washer, Dryer, Energy Star Qualified Refrigerator, Energy Star Qualified Dishwasher, Range, Oven
Fireplace None
Basement Y
Laundry In Basement, In Building, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction None
Architecture None
Roof Slate, Rubber
Features Porch, Fenced Yard, Garden
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch

Parking

Has Garage Yes
Features Detached, Storage, Tandem, On Street

Utilities

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

Financial

Annual Tax $3,973
Assessed Value $341,900

Interior Features

Flooring: Tile, Hardwood
Appliances: Disposal, Microwave, Freezer, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Oven
Interior Features:
Windows:
Basement: Y
Laundry: In Basement, In Building, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1914
Structure Type: 2/3 Family
Exterior Materials:
Roof: Slate, Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Oil
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Fenced Yard, Garden
Patio & Porch: Porch
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features: Detached, Storage, Tandem, On Street

Location

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Neighborhood

5 Gardner St # 3, 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
1.0 mi
Grades PK-08
The Greenhouse School
1.1 mi
Grades PK-08
B-
Saltonstall School
< 0.1 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
C+
Bentley Academy Innovation School
1.3 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
1.3 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.3 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
Witchcraft Heights School
1.4 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
B+
Bates School
1.6 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
M

Middle Schools

1 school
C+
Collins Middle School
0.6 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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 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
1.0 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
$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 $331
Homeowners Insurance $200
HOA Fee $311/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

11.8%
Price Range
7
Total Days on Market

Property Timeline

Current Active Listing - MLS #73488742
Full transaction history available when tracking began
🏡
Currently Listed
Mar 19, 2026
$474,900
MLS #73488742 - Active
Sold
Jun 27, 2024
$450,000
Property sold
Days on Market: 7
🏠
Listed for Sale
May 15, 2024
$419,000
Original listing
Office: The Proper Nest Real Estate

Price & Status History

Date Event Price Change
Mar 19, 2026 Sold $474,900
May 15, 2024 New Listing Added $419,000

Market Statistics

Days on Market
4 days
Price per Sq Ft
$408

Tax History

Year Taxes Assessment
2024 $3,973 $341,900

Financial Details

Annual Property Tax
$3,973
Tax Year 2024
HOA Fee
$311
Monthly
Assessed Value
$341,900

Listing Information

Listing Office The Proper Nest Real Estate
Agent MLS ID CN247379
Office MLS ID AN7859
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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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Steven Novak

Steven Novak

BMN Boston Real Estate

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