For sale

$499,000

55 Ocean Ave #3, Salem, MA 01970

3beds

1,395sqft

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Condominium

Built in 1895

-- sqft lot

$496,700 Zestimate^®

$358/sqft

$245/mo HOA

What's special

Electric fireplaceYard spaceDedicated dining roomLovely detailed mantelsExclusive garden areaLaundry in unitStainless steel appliances

Salem charm at its finest in this 3 bedroom, 1 full bath condo with beautiful hardwood floors, crown molding, loads of natural light, laundry in unit, yard space and off street parking. Enter into a bright living room with lovely detailed mantels just off of the dedicated dining room with electric fireplace and plenty of storage. Enjoy the large kitchen with granite countertops, wood cabinets, and stainless steel appliances. Outside of this well designed unit, you will find a shared yard space and an exclusive garden area to grow whatever you would like. Relax on the wrap around porch overlooking the yard space or venture down the street to one of the nearby beaches or parks. Other local amenities include, Salem State University, Salem Commuter Rail, downtown Salem, restaurants, shops and much more. Join us for one of the open houses either Thursday 7/9 from 5:30-7, Saturday 7/11 & Sunday 7/12 11-1 or schedule a private showing today.

7 days

1,045

52

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Forced Air, Natural Gas

Cooling

Window Unit(s)

Features

Flooring: Hardwood
Windows: Insulated Windows
Has basement: Yes
Number of fireplaces: 2
Common walls with other units/homes: No One Above

Interior area

Total structure area: 1,395
Total interior livable area: 1,395 sqft
Finished area above ground: 1,395

Property

Parking

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

Features

Patio & porch: Porch
Exterior features: Porch
Waterfront features: 3/10 to 1/2 Mile To Beach

Lot

Size: 4,400 Square Feet

Details

Parcel number: M:0033 B:0393 L:0803,4421183
Zoning: R2

Construction

Type & style

Home type: Condo
Property subtype: Condominium

Materials

Frame
Roof: Slate

Condition

Year built: 1895
Major remodel year: 2002

Utilities & green energy

Electric: Circuit Breakers
Sewer: Public Sewer
Water: Public

Community & HOA

HOA

Services included: Water, Sewer, Insurance, Maintenance Structure
HOA fee: $245 monthly

Location

Region: Salem

Financial & listing details

Price per square foot: $358/sqft
Tax assessed value: $481,400
Annual tax amount: $5,189
Date on market: 7/6/2026

Estimated market value

$496,700

$472,000 - $522,000

$3,192/mo

Price history

Date	Event	Price
7/6/2026	Listed for sale	$499,000+16%$358/sqft
Source: MLS PIN #73545195 Report a problem
7/8/2022	Sold	$430,000+7.5%$308/sqft
Source: MLS PIN #72997761 Report a problem
6/18/2022	Pending sale	$399,900$287/sqft
Source: RE/MAX International #72997761 Report a problem
6/18/2022	Contingent	$399,900$287/sqft
Source: MLS PIN #72997761 Report a problem
6/15/2022	Listed for sale	$399,900+31.6%$287/sqft
Source: MLS PIN #72997761 Report a problem
3/11/2019	Listing removed	$2,200$2/sqft
Source: RE/MAX 360 #72450617 Report a problem
2/8/2019	Listed for rent	$2,200$2/sqft
Source: RE/MAX 360 #72450617 Report a problem
1/17/2019	Sold	$303,900+1.3%$218/sqft
Source: Public Record Report a problem
12/12/2018	Pending sale	$299,900$215/sqft
Source: Century 21 North East #72428465 Report a problem
11/30/2018	Listed for sale	$299,900+16.2%$215/sqft
Source: Century 21 North East #72428465 Report a problem
4/28/2016	Sold	$258,000-0.7%$185/sqft
Source: Public Record Report a problem
9/23/2015	Listed for sale	$259,900$186/sqft
Source: Renaissance REALTORS� #71887950 Report a problem
9/22/2015	Pending sale	$259,900$186/sqft
Source: Renaissance REALTORS� #71887950 Report a problem
8/12/2015	Listed for sale	$259,900-5.5%$186/sqft
Source: Renaissance REALTORS� #71887950 Report a problem
4/14/2005	Sold	$275,000$197/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,927 +2.6%	$434,500 +5.1%
2024	$4,804 +3.2%	$413,400 +11%
2023	$4,657	$372,300
2022	$4,657 +7.1%	$372,300 +18.2%
2021	$4,347 +2.2%	$315,000 +7%
2020	$4,254 +5.3%	$294,400 +10.1%
2019	$4,038 +7.7%	$267,400 +9.7%
2018	$3,748 +2%	$243,700 +5.2%
2017	$3,673 +5.7%	$231,600 +4.4%
2016	$3,476 -0.1%	$221,800 +4.6%
2015	$3,479 +2.8%	$212,000 +4.8%
2014	$3,383 +5%	$202,200 -1.9%
2012	$3,221 +0.9%	$206,100 -2.8%
2011	$3,191 -1.5%	$212,000 -8.3%
2010	$3,238 +3.1%	$231,100 -4.9%
2009	$3,141 +5.5%	$243,100 -4.7%
2008	$2,978 +2.5%	$255,200 -5.3%
2007	$2,904	$269,600

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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