FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Gas Stove
55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
$489,000
Est. $3,350/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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Open House Schedule
14
Nov
Saturday, November 14
10:00 AM - 11:30 AM EST
15
Nov
Sunday, November 15
10:00 AM - 11:15 AM EST
About this home
Welcome to this charming 3 bedroom, 1 full bath condo offering beautiful hardwood floors, high ceilings, crown moldings and loads of natural light. Thoughtful updates complement classic Salem details, including an original clawfoot tub and detailed mantels. A bright and inviting living room flows into the dedicated dining room with an electric fireplace and two pantry closets for additional storage. The spacious kitchen features granite countertops, wood cabinets and stainless steel appliances, while in-unit laundry and updated electrical add everyday convenience. Storage options continue with an exclusive attic space and an oversized basement for overflow. Outside, enjoy off-street parking, shared yard space, an exclusive garden area and a covered wraparound porch overlooking the fenced in yard space. Take advantage of nearby beaches and parks, along with Salem State University, the Salem Commuter Rail, downtown Salem, restaurants, shops and much more. Join us for an open house on Saturday 11/14 from 10:00–11:30 AM or Sunday 11/15 from 10:00–11:15 AM, or schedule your private showing today!
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Recently Sold Nearby
Price & Status History
Market Insights
43.8%
Price Range
1
Previous Sales
Property Timeline
Listed for Sale
Nov 10, 2026
$489,000
Original listing
Agent: Farrar Realty Group
Office: Herrick Lutts Realty Partners
Previous Transaction - MLS #70140857
Full transaction history available when tracking began
Previously Sold
Apr 14, 2005
$275,000
MLS #70140857
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 11/10/2026 | 🏠 Listed for Sale | $489,000 | - | - | Original listing |
| 04/14/2005 | 🏷️ Previously Sold | $275,000 | - | - | MLS #70140857 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,189 | $481,400 |
Financial Details
Annual Property Tax
$5,189
Tax Year 2026
HOA Fee
$245
Per month
Assessed Value
$481,400
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1895
Living Area
1,395 sq ft
Lot Size
0.10 acres
Stories
3
Bedrooms
3
Full Baths
1
Total Rooms
6
Interior
Heating
Forced Air, Natural Gas
Cooling
Window Unit(s)
Flooring
Hardwood
Appliances
None
Fireplace
Dining Room, Living Room
Fireplaces
2
Basement
Y
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Slate
Features
Covered Patio/deck
Pool
None
Spa
None
Fencing
None
Patio/Porch
Covered
Parking
Features
Off Street, Paved
Total Spaces
1
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,189
Assessed Value
$481,400
HOA & Community
HOA Fee
$245
Fee Includes
Water, Sewer, Insurance, Maintenance Structure
Amenities
None
Optional Fee Includes
None
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["2/3 Family"]
Unit/Building
3
Sq Ft Source
Public Record
Documents
None
County
Essex
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1895
Bedrooms
3
Full Bathrooms
1
Living Area
1,395 sq ft
Total Rooms
6
Stories
3
Entry Level
3
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,395 sq ft above grade
FeaturesCloset, Closet/Cabinets - Custom Built, Flooring - Hardwood, Lighting - Pendant, Decorative Molding
FeaturesCeiling Fan(s), Open Floorplan, Crown Molding
Display Options
Outdoor Areas
Patio & porchCovered
Room Markers
KKitchen (1)
DDining (1)
LLiving (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Hardwood
Appliances:
Interior Features:
Windows:
Basement:
Y
Laundry:
Security:
Construction & Materials
Year Built:
1895
Structure Type:
2/3 Family
Exterior Materials:
Frame
Roof:
Slate
Foundation:
Stories:
3
Utilities & Systems
Heating:
Forced Air, Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Covered Patio/Deck
Patio & Porch:
Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
1
Parking Features:
Off Street, Paved
Special Features
Fireplaces:
2
Fireplace Type:
Dining Room, Living Room
Community Amenities:
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
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
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
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
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
$432
Homeowners Insurance
$200
HOA Fee
$245/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
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Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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.
Location
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Neighborhood
55 Ocean Ave # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Farrar Realty Group
Listing Office
Herrick Lutts Realty Partners
Office Phone
978-927-1959
Agent MLS ID
TM333642
Office MLS ID
AN6507
Listing Data Updated
Nov 10, 2026 3:36 PM EST
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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