Presenting 159 Federal Street- Unit 1, a lovely first floor condo in the heart of the Historic McIntire District. This 822 square foot light-filled home is located close to everything the historic city of Salem has to offer! Incredibly convenient to the commuter rail, shopping, restaurants, museums and cultural experiences. This fully renovated condo offers a perfect mix of modern amenities and historic charming details. Featuring gorgeous hardwood floors, incredible original moldings, two spacious bedrooms, one with a fantastic walk-in closet, and a flexible den/office space and one full bath. The updated kitchen boasts granite counter tops, stainless steel appliances and gas range. Additional features include parking for two cars, one driveway and one rare garage space. A low condo fee, pet friendly, basement locked storage, and two outdoor spaces round out this incredible opportunity. Nothing to do but move in!
Sale Statistics
Sale Overview
Original List Price:$449,900
Final Sale Price:$495,000
Difference:
+$45,100 (+10.0%)
Performance Metrics
110.0%
List to Sale Ratio
Sold above asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:$547
Sale $/sq ft:$602
This property sold for $602 per square foot
Sale Summary
This property sold for 10.0% above the original asking price, indicating strong buyer demand.
With only 13 days on market, this was a quick sale compared to typical market conditions.
Bay, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No
Lot & Land
Lot Size
0.10 acres
Lot Size
4,469 sq ft
Lot Size Area
0.1000
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Detached, Deeded
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
100 Amp Service
Energy Efficient Features
Thermostat
Community & HOA
Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School, T-Station
HOA Fee
$177
HOA Fee Frequency
Monthly
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,066
Tax Year
2024
Tax Assessed Value
$436,000
Parcel Number
M:25 L:0111 S:801,5117771
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
The second bedroom has been digitally staged with bedroom furniture. Electric baseboard heat in the office. Roof was replaced in 2022. Balance in reserves: $1, 765
Exclusions
None
Location
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Neighborhood
159 Federal St # 1, Salem MA 01970
Salem, MA 01970
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$422
Homeowners Insurance$200
HOA Fee$177
PMI$0
Property History
Market Insights
9.1%
Price Range
14
Total Days on Market
Property Timeline
✓
Sold
Nov 22, 2024
$495,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Oct 30, 2024
$449,900
Original listing
Agent: Andrea BennettOffice: William Raveis R.E. & Home Services
