$370,000
SOLD JUN 6, 2025

245 Lafayette St Unit 1F Salem, MA 01970

South Salem Neighborhood
1 Bed
1 Bath
668 Sq Ft
$201/mo HOA Fee

Recently Sold

$554 Per Sq Ft

2% Below List Price

9 Days on Market

Highlights

  • Marina
  • Deck
  • Wood Flooring
  • 0.55 Acre Lot
  • Property is near public transit
  • Main Floor Primary Bedroom

About This Home

As of June 2025

NEW - Bright and Sunny 1st-floor condo offers one large bedroom, a private balcony and off-street parking. This turn-key home features an expansive living & dining room complete with Hardwood fls & NEW recessed lights thru-out plus access to your private southeast facing balcony. Enjoy entertaining and cooking in your Renovate kitchen complete with a NEW SS appliances, Quartz Counters and NEW Cabinets. Tranquility welcomes you into your large bedroom with a and generous sized walk-in closet and ample space for a work from home desk. Enjoy living in this non-smoking, Pet friendly, professionally managed brick building. Conveniently located to Downtown Salem, Historic Waterfront and Salem State University. Additional amenities include elevator access, onsite laundry, exclusive storage and AC. Hot Water included in low condo fee. Move-in and unpack and enjoy all the conveniences of living in the City of Salem!

Last Agent to Sell the Property

Zoe Karademos

Coldwell Banker Realty - Beverly Listed on: 05/01/2025

Coldwell Banker Realty - Beverly

Last Buyer's Agent

Jenna Lovely

The Lovely Advisory LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1971

HOA Fees

  • $201 Monthly HOA Fees

Home Design

  • Garden Home
  • Brick Exterior Construction
  • Stone

Interior Spaces

  • 668 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Sliding Doors
  • Basement
  • Laundry in Basement
  • Intercom

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Balcony
  • Deck

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0464 S:806,4421188

Community Details

Overview

  • Association fees include water, sewer, insurance, security, snow removal, trash, reserve funds
  • 24 Units
  • Low-Rise Condominium

Amenities

  • Shops
  • Laundry Facilities
  • Elevator

Recreation

  • Marina
  • Tennis Courts
  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,253

Year Built

Built in 1971

Lot Details

0

HOA Fees

$201 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Low-Rise
  • Year Built: 1971
  • Entry Level: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Hardwood, Recessed Lighting
  • Room Master Bedroom Level: First
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Hardwood, Recessed Lighting
  • Room Dining Room Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Pantry, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Recessed Lighting, Stainless Steel Appliances
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: First
  • Room Living Room Features: Flooring - Hardwood, Balcony / Deck, Recessed Lighting, Slider
  • Basement: Y
  • Above Grade Finished Sq Ft: 668
  • Living Area: 668
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 549.4
  • PRICE PER Sq Ft: 553.89
  • MAIN SO: AN7968

Exterior Features

  • Exterior Features: Deck - Composite
  • Construction Materials: Brick, Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Composite
  • Waterfront Features: Beach Front, Harbor, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Security Features: Intercom
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water, Laundry, Elevator(s)
  • Association Fee: 201
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Bike Path, Highway Access, Marina, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 1F
  • MANAGEMENT: Professional - On Site

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Security, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: M:33 L:0464 S:806,4421188
  • Zoning: R3
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.55
  • Lot Size Area: 0.55
  • Lot Size Sq Ft: 24002
  • Lot Size Units: Acres
  • PAGE: 558
  • OUTDOOR SPACE AVAILABLE: Yes - Private

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3253
  • Tax Book Number: 32272

Multi Family

  • Number Of Units Total: 24
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2012
Sold by
Leblanc Nancy A and Leblanc Michael S
Bought by
Stpierre Louis L
Total Days on Market
9

Purchase Details

Closed on
Feb 11, 2004
Sold by
Lafayette Llc
Bought by
Leblanc Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,200
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- --
Deed $179,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,000 Stand Alone Refi Refinance Of Original Loan
Closed $85,000 Adjustable Rate Mortgage/ARM
Closed $48,750 No Value Available
Previous Owner $143,200 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Sold $370,000 +0.8% $554 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
05/06/2025 05/06/25 Price Changed $367,000 -3.2% $549 / Sq Ft
05/01/2025 05/01/25 For Sale $379,000 -- $567 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,253 $286,900 $0 $286,900
2024 $3,222 $277,300 $0 $277,300
2023 $3,049 $243,700 $0 $243,700
2022 $2,763 $208,500 $0 $208,500
2021 $2,681 $194,300 $0 $194,300
2020 $2,695 $186,500 $0 $186,500
2019 $2,596 $171,900 $0 $171,900
2018 $2,259 $146,900 $0 $146,900
2017 $2,166 $136,600 $0 $136,600
2016 $1,847 $117,900 $0 $117,900
2015 $1,859 $113,300 $0 $113,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73368189

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000464-000806-000806