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12 Union Street # 1, Salem MA 01970

Salem, MA 01970
$460,000
Est. $3,178/month
2
Beds
1
Baths
850
Sq Ft
$541
Price/Sq Ft
1850
Year Built
16
Days on Market
Closed Listed May 30, 2024 • MLS# 73244874 Copied!

About this home

This LOCATION is where you want to start your summer. A stone's throw from Salem Common and the Salem Waterfront, with coffee shops, dining, and shopping around the corner, you can step outside and enjoy being in the center of it all. An updated open layout kitchen/living/dining area and lots of windows and large pantry makes this condo feel bigger than its square feet. The primary bedroom has two walk-in closets and custom privacy blinds. The second bedroom is spacious enough for a bedroom or home office and additional walk-in closet. An updated full bathroom, in-unit laundry, additional basement storage and off-street parking spot add to the value. Clean, updated, pleasant, and in a location that can't be beat. Come see this gem!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1850
Bedrooms
2
Full Bathrooms
1
Living Area
850 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $439,000
Final Sale Price: $460,000
Difference: +$21,000 (+4.8%)
Performance Metrics
104.8%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $516
Sale $/sq ft: $541
This property sold for $541 per square foot
Sale Summary

This property sold for 4.8% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$541/sq ft
Area Average
$351/sq ft
Difference
+54.2%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1850
Living Area 850 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Central, Forced Air
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry First Floor, In Unit
Features None

Exterior

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

Parking

Features Off Street
Total Spaces 1

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,317
Assessed Value $371,500

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: First Floor, In Unit
Security:

Construction & Materials

Year Built: 1850
Effective Year (Renovated): 2009
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Central, Forced Air
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
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

Total Parking Spaces: 1
Parking Features: Off Street

Location

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Neighborhood

12 Union Street # 1, 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

3 schools
B-
Saltonstall School
0.6 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-
Carlton School
0.7 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
0.7 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
M

Middle Schools

2 schools
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
B+
Village School
1.7 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.4 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
1.5 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
Bishop Fenwick High School
1.8 mi
17 sports • 1,390 athletes
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 $360
Homeowners Insurance $200
HOA Fee $292/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

Market Insights

4.6%
Price Range
18
Total Days on Market

Property Timeline

Sold
Jun 28, 2024
$460,000
Property sold
Days on Market: 18
🏠
Listed for Sale
May 30, 2024
$439,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
May 30, 2024 New Listing Added $439,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$541

Tax History

Year Taxes Assessment
2024 $4,317 $371,500

Financial Details

Annual Property Tax
$4,317
Tax Year 2024
HOA Fee
$292
Per month
Assessed Value
$371,500

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Jul 1, 2024 11:32 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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