Sold for $450,000

$450,000

55 Ocean Ave #2, Salem, MA 01970

2beds

1,182sqft

Condominium

Built in 1895

-- sqft lot

$474,400 Zestimate^®

$381/sqft

$2,830 Estimated rent

Home value

$474,400

$451,000 - $498,000

$2,830/mo

Zestimate^® history

Owner options

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$2,830/mo

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$2,830/mo

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$3,049/mo

Est. payment

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$3,049/mo

Est. payment

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What's special

Fantastic location! With a Walk Score® of 83, you'll enjoy the close proximity to Forest River Park and all that downtown Salem has to offer. The hardwood floors and period Victorian detail bring warmth and character to this 2-bedroom condo in South Salem. Large windows let in lots of natural light and high ceilings give you space to breath! There is a spacious living room and dining room with the original fireplace mantle, and the kitchen has convenient built-in shelves and a new dishwasher. Additionally, this home has an updated bathroom, an office (or workout room, if you prefer), in-unit laundry, deeded parking, extra exclusive storage in the basement, the exclusive right to build a deck off the side/front of the building over the existing porch roof, and a raised garden bed. The gas boiler is less than 10 years old. The association is pet friendly (some breed restrictions - see condo docs). The yard and front porch are common spaces. Showings begin at the open houses.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Heating

Hot Water, Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
Laundry: In Unit

Features

Flooring: Hardwood, Pine
Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 1,182
Total interior livable area: 1,182 sqft

Property

Parking

Total spaces: 1
Parking features: Off Street, Deeded
Uncovered spaces: 1

Features

Waterfront features: Harbor, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)

Lot

Size: 4,400 Square Feet

Details

Parcel number: M:33 L:0393 S:802,4421183
Zoning: R2

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Condition

Year built: 1895

Utilities & green energy

Electric: 100 Amp Service
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Public School, T-Station, University

HOA

Services included: Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash
HOA fee: $235 monthly

Location

Region: Salem

Financial & listing details

Price per square foot: $381/sqft
Tax assessed value: $399,100
Annual tax amount: $4,638
Date on market: 1/12/2026

Price history

Date	Event	Price
9/4/2024	Sold	$450,000+5.9%$381/sqft
Source: MLS PIN #73268367 Report a problem
8/1/2024	Contingent	$424,900$359/sqft
Source: MLS PIN #73268367 Report a problem
7/23/2024	Listed for sale	$424,900+37.1%$359/sqft
Source: MLS PIN #73268367 Report a problem
2/26/2019	Sold	$310,000+3.7%$262/sqft
Source: Public Record Report a problem
1/29/2019	Pending sale	$299,000$253/sqft
Source: Century 21 North East #72443911 Report a problem
1/20/2019	Listed for sale	$299,000+4.9%$253/sqft
Source: Century 21 North East #72443911 Report a problem
11/8/2018	Listing removed	$285,000$241/sqft
Source: Keller Williams Realty #72386794 Report a problem
10/23/2018	Pending sale	$285,000$241/sqft
Source: Keller Williams Realty #72386794 Report a problem
10/15/2018	Price change	$285,000-1.7%$241/sqft
Source: Keller Williams Realty #72386794 Report a problem
9/13/2018	Listed for sale	$289,900$245/sqft
Source: Keller Williams Realty #72386794 Report a problem
9/4/2018	Pending sale	$289,900$245/sqft
Source: Keller Williams Realty #72386794 Report a problem
8/31/2018	Listed for sale	$289,900+46.8%$245/sqft
Source: Keller Williams Realty #72386794 Report a problem
9/20/2013	Sold	$197,500-1.2%$167/sqft
Source: Public Record Report a problem
6/7/2013	Listed for sale	$199,900$169/sqft
Source: RE/MAX Advantage Real Estate #71537895 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,747 +2.4%	$418,600 +4.9%
2024	$4,638 +3.5%	$399,100 +11.5%
2023	$4,479	$358,000
2022	$4,479 +4.6%	$358,000 +15.4%
2021	$4,281 +2.1%	$310,200 +6.9%
2020	$4,193 +5.3%	$290,200 +10%
2019	$3,982 +7.7%	$263,700 +9.6%
2018	$3,699 +3.5%	$240,500 +6.7%
2017	$3,573 +5.6%	$225,300 +4.4%
2016	$3,382 -0.1%	$215,800 +4.6%
2015	$3,385 +2.9%	$206,300 +4.9%
2014	$3,291 +5%	$196,700 -1.9%
2012	$3,134 +0.9%	$200,500 -2.8%
2011	$3,105 -1.5%	$206,300 -8.3%
2010	$3,151 +3.1%	$224,900 -4.9%
2009	$3,056 +5.5%	$236,500 -4.7%
2008	$2,896 +2.6%	$248,200 -5.3%
2007	$2,823	$262,100