$475,000
$25K PRICE DROP

327 Lafayette St Unit 2 Salem, MA 01970

South Salem Neighborhood

Estimated payment $3,062/month

Total Views 65,036
3 Beds
1 Bath
1,283 Sq Ft
$370 Price per Sq Ft

Highlights

  • Marina
  • Property is near public transit
  • Home Office
  • Medical Services
  • Wood Flooring
  • Jogging Path

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.

Listing Agent

Sherwood & Company Team

Compass Listed on: 06/16/2025

Compass

Co-Listing Agent

Blake Sherwood

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,214

Year Built

  • Built in 1920

Lot Details

  • Two or More Common Walls
  • Garden

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,283 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Home Office
  • Basement
  • Laundry in Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking
  • Deeded Parking

Eco-Friendly Details

  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Collins Middle School
  • Salem High School

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:32 L:0230 S:802,4553840

Community Details

Overview

  • Association fees include water, sewer, insurance, ground maintenance, snow removal
  • 4 Units
  • 327 Lafayette St Condominium Community
  • Near Conservation Area

Amenities

  • Medical Services
  • Common Area
  • Shops

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,214

Year Built

Built in 1920

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1920
  • Entry Level: 2
  • Year Built Details: Approximate
  • Year Round: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Office
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Flooring - Hardwood
  • Room Bedroom3 Level: Second
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Hardwood
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: No
  • Bathroom 1 Features: Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Hardwood
  • Laundry Features: In Basement
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Hardwood
  • Room Office Level: Second
  • Basement: Y
  • Above Grade Finished Sq Ft: 1283
  • Accessibility Features: No
  • Living Area: 1283
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: AN2383

Exterior Features

  • Exterior Features: Garden
  • Common Walls: 2+ Common Walls
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Ocean, 1/10 to 3/10 To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air, Individual
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 208
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:32 L:0230 S:802,4553840
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7771
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 4214

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem H.S
  • Middle Or Junior School: Collins M.S.

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $4,214 $371,600 $0 $371,600
2024 $4,112 $353,900 $0 $353,900
2023 $4,126 $329,800 $0 $329,800
2022 $3,858 $291,200 $0 $291,200
2021 $3,727 $270,100 $0 $270,100
2020 $3,623 $250,700 $0 $250,700
2019 $3,468 $229,700 $0 $229,700
2018 $3,325 $216,200 $0 $216,200
2017 $3,342 $210,700 $0 $210,700
2016 $3,046 $194,400 $0 $194,400
2015 $3,029 $184,600 $0 $184,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2025 11/01/25 For Rent $3,000 0.0% --
09/19/2025 09/19/25 Price Changed $475,000 -2.9% $370 / Sq Ft
09/04/2025 09/04/25 Price Changed $489,000 -2.2% $381 / Sq Ft
07/10/2025 07/10/25 For Sale $499,900 0.0% $390 / Sq Ft
06/30/2025 06/30/25 Off Market $500,000 -- --
06/16/2025 06/16/25 For Sale $500,000 0.0% $390 / Sq Ft
05/15/2016 05/15/16 Rented $1,900 0.0% --
05/01/2016 05/01/16 Under Contract -- -- --
04/22/2016 04/22/16 For Rent $1,900 +11.8% --
02/01/2015 02/01/15 Rented $1,700 0.0% --
01/02/2015 01/02/15 Under Contract -- -- --
12/14/2014 12/14/14 For Rent $1,700 0.0% --
06/01/2014 06/01/14 Rented $1,700 0.0% --
05/02/2014 05/02/14 Under Contract -- -- --
04/03/2014 04/03/14 For Rent $1,700 +13.3% --
05/01/2012 05/01/12 Rented $1,500 0.0% --
04/01/2012 04/01/12 Under Contract -- -- --
03/10/2012 03/10/12 For Rent $1,500 0.0% --
02/13/2012 02/13/12 Sold $155,000 0.0% $121 / Sq Ft View Prior Sale
02/09/2012 02/09/12 Pending -- -- --
12/07/2011 12/07/11 Price Changed $155,000 +3.3% $121 / Sq Ft
10/05/2011 10/05/11 For Sale $150,000 -3.2% $117 / Sq Ft
10/01/2011 10/01/11 Off Market $155,000 -- --
06/30/2011 06/30/11 Price Changed $150,000 -9.1% $117 / Sq Ft
05/26/2011 05/26/11 Price Changed $165,000 +10.1% $129 / Sq Ft
03/28/2011 03/28/11 For Sale $149,900 -3.3% $117 / Sq Ft
03/27/2011 03/27/11 Off Market $155,000 -- --
01/27/2011 01/27/11 Price Changed $149,900 -16.7% $117 / Sq Ft
11/02/2010 11/02/10 Price Changed $179,900 -9.6% $140 / Sq Ft
10/19/2010 10/19/10 Price Changed $199,000 -13.1% $155 / Sq Ft
09/28/2010 09/28/10 For Sale $229,000 -- $178 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Deed -- --
Not Resolvable $155,000 --
Deed $260,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $263,500 No Value Available
Previous Owner $208,000 Purchase Money Mortgage
Previous Owner $52,000 No Value Available
Source: Public Records

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73391424

MLS Property Information Network (MLS PIN)

APN: SALE-000032-000000-000230-000802-000802