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12 1/2 Dearborn Street # 2, Salem MA 01970

Salem, MA 01970
$399,000
Est. $2,878/month
2
Beds
1
Baths
815
Sq Ft
$490
Price/Sq Ft
1890
Year Built
13 hours 31 minutes
Time on Market
Active Listed Jun 4, 2026 • MLS# 73530195 Copied!

About this home

Why Pay Rent? Start building equity in this appealing two-bedroom condo located in a well-established neighborhood just minutes from all that Salem has to offer, including restaurants, shopping, the waterfront, and commuter rail service. Inside, you'll find a spacious eat-in kitchen, comfortable living room, and two generously sized bedrooms, all featuring hardwood floors and high ceilings that add warmth and character. The bathroom offers a durable, easy-care ceramic tile floor, and the convenience of an in-unit washer and dryer makes everyday living a breeze. Additional highlights include dedicated basement storage and a location that combines neighborhood charm with easy access to local amenities. Don't miss this opportunity to stop renting and start owning. Make homeownership a reality today!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1890
Bedrooms
2
Full Bathrooms
1
Living Area
815 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1890
Living Area 815 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile
Appliances Range, Dishwasher, Refrigerator, Washer/dryer
Fireplace None
Basement Y
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction None
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,330
Assessed Value $387,300

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Refrigerator, Washer/Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1890
Effective Year (Renovated): 2004
Structure Type: Garden
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

12 1/2 Dearborn Street # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.7 mi
Grades PK-08
The Greenhouse School
2.2 mi
Grades PK-08
B+
Bates School
0.5 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
0.6 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.1 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Saltonstall School
1.2 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
1.3 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
1.5 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
1.0 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
1.1 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.6 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $361
Homeowners Insurance $200
HOA Fee $300/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jun 4, 2026
$399,000
Original listing
Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Jun 4, 2026 New Listing Added $399,000

Market Statistics

Time on Market
13 hours 31 minutes
Price per Sq Ft
$490

Tax History

Year Taxes Assessment
2026 $4,330 $387,300

Financial Details

Annual Property Tax
$4,330
Tax Year 2026
HOA Fee
$300
Monthly
Assessed Value
$387,300

Listing Information

Listing Agent Tina McManus
Listing Office J. Barrett & Company
Agent MLS ID C0001875
Office MLS ID AC2087
Listing Data Updated Jun 4, 2026 12:08 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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