55 Ocean Ave #3, Salem, MA, 01970
About This Home
Salem charm at its finest in this 3 bedroom, 1 full bath condo with beautiful hardwood floors, high ceilings, crown moldings, original clawfoot tub, loads of natural light, laundry in unit, updated electrical, outside 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 two pantry closets for plenty of storage. Enjoy the large kitchen with granite countertops, wood cabinets, and stainless steel appliances. Outside of this well designed condo, you will find a large attic exclusive to this unit, an oversized storage unit in the basement, 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 an open house Saturday 7/25 from 11:00-12:30 or schedule a private showing today.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1895
Materials
- Roof: Slate
- Construction materials: Frame
Notable Dates
- Major remodel year: 2002
Type & Style
- Home type: Condo
- Property subType: Condominium
Interior
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Features
- Window features: Insulated Windows
- Flooring: Hardwood
- Number of fireplaces: 2
- Fireplace: Yes
- Finished area above ground: 1,395
- Common walls with other units/homes: No One Above
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 1,395
- Total interior livable area: 1,395 sqft
Property
Details
- Parcel number: M:0033 B:0393 L:0803,4421182
- Zoning: R2
Features
- Patio & porch: Porch
- Exterior features: Porch
- Waterfront features: 3/10 to 1/2 Mile To Beach
Lot
- Lot size: 4,400 sqft
Parking
- Total spaces: 1
- Parking features: Off Street
- Uncovered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Coastal Flooding
- Hurricane
- Ice Storm
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,523 | $30,276 |
| Home Insurance * | $150 | $1,800 |
| Property Taxes | $472 | $5,664 |
| Electricity | $354 | $4,259 |
| Total | $3,499 | $41,988 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-06 | Listed for sale | $499,000 |
| 2022-07-08 | Sold | $430,000 |
| 2022-06-18 | Pending sale | $399,900 |
| 2022-06-18 | Contingent | $399,900 |
| 2022-06-15 | Listed for sale | $399,900 |
| 2019-03-11 | Listing removed | $2,200 |
| 2019-02-08 | Listed for rent | $2,200 |
| 2019-01-17 | Sold | $303,900 |
| 2018-12-12 | Pending sale | $299,900 |
| 2018-11-30 | Listed for sale | $299,900 |
| 2016-04-28 | Sold | $258,000 |
| 2015-09-23 | Listed for sale | $259,900 |
| 2015-09-22 | Pending sale | $259,900 |
| 2015-08-12 | Listed for sale | $259,900 |
| 2005-04-14 | Sold | $275,000 |
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