327 Lafayette St # 2, Salem MA 01970

Salem, MA 01970 • Forest River
$475,000
Est. $3,161/month
3
Beds
1
Baths
1,283
Sq Ft
$370
Price/Sq Ft
0.18
Acres
1920
Year Built
172
Days on Market
Active Price Drop -$25,000 Listed Jun 16, 2025 • MLS# 73391424 Copied!

About this home

Now offering unbeatable value, fresh virtual staging/painting, newly refinished hardwoods, and a clean canvas ready for your vision — 327 Lafayette St Unit 2 is a flexible and sun-filled second-floor condo in a prime Salem location. With two full-size deeded parking spots, you’ll never stress about parking again — a rare and valuable perk! Inside, you’ll find 2 spacious bedrooms, a dedicated office, and a bonus room for guests, play, creative space or nursery. High ceilings, hardwood floors, central AC, and natural light throughout make this unit feel open and comfortable. The kitchen offers great storage and flows into a generous living area. Downstairs, are laundry and plenty of additional storage. The shared backyard with a gas fire pit adds charm and function — a great spot to gather or unwind. Minutes to Forest River Park, Salem State, the waterfront, and the commuter rail. Delivered vacant and move-in ready.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
3
Full Bathrooms
1
Living Area
1,283 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 1,283 sq ft
Lot Size 0.18 acres
Bedrooms 3
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air, Individual
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement Y
Laundry In Basement
Features Office

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Garden
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $4,214
Assessed Value $371,600

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features: Office
Windows: Insulated Windows
Basement: Y
Laundry: In Basement
Security:

Construction & Materials

Year Built: 1920
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air, Individual
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Deeded

Location

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Neighborhood

Forest River

327 Lafayette St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Middle School
Collins M.S.
Rating information coming soon
High School
Salem H.S
Rating information coming soon

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 $351
Homeowners Insurance $200
HOA Fee $208/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

Property Timeline

🏠
Listed for Sale
Jun 16, 2025
$475,000
Original listing
Agent: Sherwood & Company Team Office: Compass

Price & Status History

Date Event Price Change
Jun 16, 2025 New Listing Added $475,000

Market Statistics

Days on Market
172 days
Price per Sq Ft
$370
Total Price Drop
-$25,000

Tax History

Year Taxes Assessment
2025 $4,214 $371,600

Financial Details

Annual Property Tax
$4,214
Tax Year 2025
HOA Fee
$208
Monthly
Assessed Value
$371,600

Listing Information

Listing Agent Sherwood & Company Team
Listing Office Compass
Agent MLS ID TM352103
Office MLS ID AN2383
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

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