July 2, 2008
Very Recent Sales in Salem (Thank goodness)
Despite some issues — the plight of Salem’s schools in particular — buyers seem to notice Salem’s potential. Conspicuous movers are the bargain and rehab properties (low $/sq. ft.), which means either landlords or first time buyers. I hope it’s the latter, but any property that leaves the market right now is a welcome change. Here’s some food for thought.
16 Glover Street
Salem, MA 01970
Beds: 5/Baths:3
SQ.FT.: 3411
$237,000
Sold on 6/4/2008.
6 Loring Ave, #3E
Salem, MA 01970
Beds: ?/Baths: 2.5
SQ.FT.: 2232
$240,000
Sold on 6/6/08
4 Gallows Hill Road
Salem, MA 01970
Beds: 3/Baths: 1.5
SQ.FT.: 1631
$ 250,000
Sold on 6/6/08
Photo is from the collection of the Peabody Essex Museum, and shows Gallows Hill in 1898.
