245 Lafayette Street # 1H, Salem MA 01970

Salem, MA 01970

$375,000

Beds

Baths

879

Sq Ft

$427

Price/Sq Ft

1971

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed May 26, 2026 • MLS# 73523842 Copied! • Updated Aug 21, 2026

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Sale Statistics

Sale Overview

Original List Price: $399,900

                            Final Sale Price:
                            $375,000
                        

Difference: $24,900 (-6.2%)

Performance Metrics

93.8%

List to Sale Ratio

Sold below asking price

Days on Market

Extended listing

Price per Square Foot Analysis

Original $/sq ft: $455

                            Sale $/sq ft:
                            $427
                        

This property sold for $427 per square foot

Sale Summary

This property sold for 6.2% below the original asking price.

The property spent 62 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

$427/sq ft

Area Median

$435/sq ft

Difference

1.8%

This property sold near the area median for similar homes.

About this home

Sunny corner first floor unit close to downtown Salem. Hardwood floors throughout the living areas, patio off the living room. Nicely finished, in great ondition. In unit washer/dryer, nice kitchen. Deeded off-street parking. Nothing to do but to move in and enjoy! Storage space included, elevator acces to lower level, stand alone a/c unit included.

Public Records & Permits

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Property History

Market Insights

6.2%

Price Range

Total Days on Market

Property Timeline

✓

Sold

Aug 20, 2026

$375,000

Property sold

Days on Market: 64

📋

Status: Active under contract

Jul 16, 2026

Active → Active Under Contract

⏳

Pending Sale

Jul 15, 2026

Offer accepted, sale pending

🏠

Listed for Sale

May 26, 2026

$399,900

Original listing

Agent: Christine Cowden Office: Compass

🏠

Listed for Sale

May 26, 2026

$399,900

Original listing

Agent: Christine Cowden Office: Compass

Date	Event	Price	Change	$/sqft	Details
08/20/2026	✓ Sold	$375,000	-	-	Property sold
07/16/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
07/15/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
05/26/2026	🏠 Listed for Sale	$399,900	-	-	Original listing
05/26/2026	🏠 Listed for Sale	$399,900	-	-	Original listing

Tax History

Year	Taxes	Assessment
2026	$3,936	$365,100

Financial Details

Annual Property Tax

$3,936

Tax Year 2026

HOA Fee

$237

Per month

Assessed Value

$365,100

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1971

Living Area 879 sq ft

Stories 1

Bedrooms 2

Full Baths 1

Total Rooms 5

Interior

Heating Baseboard, Natural Gas

Cooling Other

Flooring Wood

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

Fireplace None

Basement Y

Laundry First Floor, In Unit

Features None

Exterior

Construction Brick, Stone

Architecture None

Roof Rubber

Features Balcony

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Deeded

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Electric Range

Financial

Annual Tax $3,936

Assessed Value $365,100

HOA & Community

HOA Fee $237

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

Amenities Hot Water, Elevator(s)

Optional Fee Includes None

Pets Yes

MA Disclosures

Lead Paint Unknown

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 1H

Sq Ft Source Field Card

Documents None

County Essex

Total market time (incl. prior listings) 64 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1971

Bedrooms

Full Bathrooms

Living Area

879 sq ft

Total Rooms

Stories

Entry Level

Main Level Bedrooms

Floor Layout

Interior Features

Flooring: Wood

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

Interior Features:

Windows:

Basement: Y

Laundry: First Floor, In Unit

Security:

Construction & Materials

Year Built: 1971

Structure Type: Garden

Exterior Materials: Brick, Stone

Roof: Rubber

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas

Heating Zones: 1

Cooling: Other

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Balcony

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Deeded

Nearby Schools

School information not available for this location.

Location

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Neighborhood

245 Lafayette Street # 1H, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Christine Cowden

Listing Office Compass

Office Phone 781-534-9229

Agent MLS ID C8001677

Office MLS ID AN6818

Listing Data Updated Aug 21, 2026 7:44 AM 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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mail@steve-novak.com

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