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162 Federal St # 1, Salem MA 01970

Salem, MA 01970
$497,500
Est. $2,648/month
1
Beds
1.5
Baths
835
Sq Ft
$596
Price/Sq Ft
0.62
Acres
1900
Year Built
Condominium
Type
96
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73213256

About this home

Open house FRI 5/17 5-6PM. Located in the heart of downtown Salem's coveted McIntire District, this modern sun filled unit in a stately building boasts a checklist rarely found in the area. Renovated to the studs in 2018 with new plumbing, electrical, kitchen & baths, heat and central a/c. First floor unit in elevatored building. Freshly refinished hardwood floors throughout. Tiled baths, stainless appliances, Soaring ceilings and oversized windows allow natural light to flood the open concept eat-in kitchen, dining & living area. Convenient in unit laundry area & half bath tucked away. Large bedroom with en-suite bath & dual closets. Exterior features common patio space, entrances on both Federal & Bridge Streets for convenience to downtown or routes out of town. Pet friendly association. 2 on site parking spaces. A very walkable 1/2 mile to the Commuter Rail & all of downtown Salem, easy access to area parks, amenities, schools, hospital, trails and Salem's thriving culture

Sale Statistics

Sale Overview
Original List Price: $479,000
Final Sale Price: $497,500
Difference: +$18,500 (+3.9%)
Performance Metrics
103.9%
List to Sale Ratio
Sold above asking price
96
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $574
Sale $/sq ft: $596
This property sold for $596 per square foot
Sale Summary

This property sold for 3.9% above the original asking price, indicating strong buyer demand.

At 96 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1900
Bedrooms
1
Full Bathrooms
1
Half Bathrooms
1
Living Area
835 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Interior Features

Flooring
Tile, Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Plumbed For Ice Maker
Laundry Features
First Floor, In Unit, Gas Dryer Hookup, Washer Hookup
Basement Details
Y
Window Features
Storm Window(s)
Accessibility Features
Accessible Entrance

Exterior & Structure

Roof
Shingle, Slate, Rubber
Exterior Features
Patio, City View(s), Garden, Professional Landscaping
Patio/Porch Features
Patio
Has Spa
No
View
City
Has View
Yes
Waterfront Features
Ocean, River, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.62 acres
Lot Size
27,029 sq ft
Lot Size Area
0.6200

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Assigned, Driveway, Paved, Exclusive Parking

Utilities & Systems

Utilities Available
for Gas Range, for Gas Dryer, Washer Hookup, Icemaker Connection
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts, Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, T-Station, University
HOA Fee
$370
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,578
Tax Year
2024
Tax Assessed Value
$480,000
Parcel Number
M:26 L:0096,2132220
Zoning
R2

Additional Details

Year Built Source
Owner
Year Built Details
Approximate,Certified Historic,Renovated Since
Disclosures
Seller is licensed R.E. Broker. Condo fee, Assessment and taxes are estimated based on listing price. GLA is measured. Final GLA TBD by engineer.
Listing Terms
Contract

Location

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Neighborhood

162 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 $465
Homeowners Insurance $200
HOA Fee $370
PMI $0

Property History

Market Insights

3.7%
Price Range
70
Total Days on Market

Property Timeline

✓
Sold
Jul 16, 2024
$497,500
Property sold
Days on Market: 70
🏠
Listed for Sale
Mar 18, 2024
$479,000
Original listing
Agent: Michael Becker Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Mar 18, 2024 New Listing Added $479,000 —

Market Statistics

Days on Market
96 days
Price per Sq Ft
$596

Tax History

Year Taxes Assessment
2024 $5,578 $480,000

Financial Details

Annual Property Tax
$5,578
Tax Year 2024
HOA Fee
$370
Monthly
Assessed Value
$480,000

Listing Information

Listing Agent Michael Becker
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID BB809482
Office MLS ID AC1991

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