Development opportunity on .52 acre lot near downtown Salem on route 1A/114 near Salem State University. Approved plans for 10-unit condominium complex over two buildings (5 and 5). Rear building is gutted and ready to be built out. Front building would need to be constructed. All plans, approvals, etc available upon request.
Property Details
Property Features
Listing Office:
Office Name: MerryFox Realty
Office Phone: (978) 808-8064
Listing Agent: Merry Fox Team
Lot Features
Lot Information:
Lot: Gentle Sloping
Lot Size: 0.52 Acres
Other
Directions Information:
Directions: 1A/114/Lafayette Street. 1.1 miles to train, .6 mi Salem State University, .8 mi to downtown Salem1
Price Information
Listing Price Info
Price Summary:
List Price: $1,700,000
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Housing Market Comparison
See how this home compares to others in Salem, MA.
This property is $1.1M more than the Median Sold Price in Salem, MA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: MLS Property Information Network
MLS Number: #73324811
Listing Office:
Office Name: MerryFox Realty
Office Phone: (978) 808-8064
Listing Agent: Merry Fox Team
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 1/10/2025, 10:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Apr 16, 2021
Apr 16, 2021Home Sold
$875,000
Aug 05, 1997
Aug 05, 1997Home Sold
$280,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
-
$1,330,900
2020
-
$1,309,400
2019
-
$1,292,100
2018
-
$1,825,100
2017
-
$1,815,600
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
1
/10
Horace Mann Laboratory
79 Willson St
Distance between this listing and this school0.95 miles
Public District Grades KG-5
7
/10
Village School
93 Village St
Distance between this listing and this school1.32 miles
Public District Grades 3-6
3
/10
Bentley Academy Innovation School
25 Memorial Dr
Distance between this listing and this school1.43 miles
Public District Grades KG-5
Nearby Schools
3
/10
Saltonstall School
211 Lafayette St
Distance between this listing and this school0.30 miles
Public District Grades KG-8
3
/10
Collins Middle School
29 Highland Ave
Distance between this listing and this school0.83 miles
Public District Grades 6-8
8
/10
Marblehead Veterans Middle School
217 Pleasant St
Distance between this listing and this school1.68 miles
Public District Grades 7-8
Nearby Schools
6
/10
Salem Academy Charter School
45 Congress St, Shetland Park
Distance between this listing and this school0.61 miles
Public Charter Grades 6-12
1
/10
New Liberty Innovation School
2 E India Square Mall Ste 200
Distance between this listing and this school0.92 miles
Public District Grades 9-12
3
/10
Salem High School
77 Willson St
Distance between this listing and this school1.05 miles
The neighbors living near this home have an average income of $78,284. Most Salem, MA residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 275 Lafayette St
What is the listing price of this property?
The listing price of 275 Lafayette St property is $1,700,000.
What type of property is this?
The property 275 Lafayette St is land located in Salem, Massachusetts, 01970.
Is this property for sale now?
Active Listing: 275 Lafayette St is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on April 16, 2021 for $875,000. (source: MLS/tax record).
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This home is located at 275 Lafayette St in Salem, MA and zip code 01970. This home sits on a 0.52 acre lot. It has been listed on Rocket Homes since January 09, 2025 and is currently priced at $1,700,000.
In December 2024, from all listings sold in Salem, MA there were more than 21 sold above asking price, over 12 sold below and more than 5 were sold right at the asked price. The number of homes for sale in Salem, MA decreased by 22.4% between November 2024 and December 2024. The median list price of listings available in December 2024 was $599,975, while the average time on the real estate market was 32 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
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