162 Federal St # 5, Salem MA 01970

Salem, MA 01970
$595,000
Est. $3,167/month
2
Beds
2
Baths
1,385
Sq Ft
$430
Price/Sq Ft
0.62
Acres
1900
Year Built
Condominium
Type
54
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73312859

About this home

Located In the heart of Salem's coveted McIntire District & winner of the prestigious Tsongas Award for historic restoration in 2018, this large modern 2 bed 2 full bath upper unit in an elevatored wheelchair accessible building features tiled baths, stainless appliances, original character with soaring ceilings & oversized windows. Sun-splashed eat-in kitchen & living room. Gleaming hardwood floors. Laundry in unit. Large primary bedroom w/ en-suite bath and 2nd large bedroom with adjacent full bath. This stately historic building boasts an impressive checklist Including an elevator and TWO parking spaces per unit. This upper level unit features fabulous views of Salem, renovated/restored to the studs in 2018 with new plumbing, electric, kitchen & baths, gas heat & central a/c. Live in the heart of Salem's most prestigious and convenient area with parking that allows easy access/ exit from Salem's popular downtown.

Sale Statistics

Sale Overview
Original List Price: $599,900
Final Sale Price: $595,000
Difference: $4,900 (-0.8%)
Performance Metrics
99.2%
List to Sale Ratio
Sold below asking price
54
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $433
Sale $/sq ft: $430
This property sold for $430 per square foot
Sale Summary

This property sold for 0.8% below the original asking price.

The property spent 54 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,385 sq ft
Total Rooms
5
Stories
1
Entry Level
2

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, Refrigerator, Plumbed For Ice Maker
Laundry Features
Gas Dryer Hookup, Washer Hookup
Basement Details
N
Accessibility Features
Accessible Entrance

Exterior & Structure

Construction Materials
Frame
Roof
Shingle, Slate, Rubber
Exterior Features
Patio, Rain Gutters, Professional Landscaping
Patio/Porch Features
Patio
Has Spa
No
Waterfront Features
Ocean, River, 1/2 to 1 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, Deeded, Paved

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, 100 Amp Service
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
HOA Fee
$401
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,000
Tax Year
2024
Tax Assessed Value
$650,000
Parcel Number
2132220
Zoning
R2

Additional Details

Year Built Source
Owner
Year Built Details
Approximate,Renovated Since
Disclosures
Seller is licensed real estate broker. Taxes and assessment are estimates.

Location

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Neighborhood

162 Federal St # 5, 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 $583
Homeowners Insurance $200
HOA Fee $401
PMI $0

Property History

Market Insights

0.8%
Price Range
56
Total Days on Market

Property Timeline

Sold
Jan 30, 2025
$595,000
Property sold
Days on Market: 56
🏠
Listed for Sale
Nov 14, 2024
$599,900
Original listing
Agent: Michael Becker Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Nov 14, 2024 New Listing Added $599,900

Market Statistics

Days on Market
54 days
Price per Sq Ft
$430

Tax History

Year Taxes Assessment
2024 $7,000 $650,000

Financial Details

Annual Property Tax
$7,000
Tax Year 2024
HOA Fee
$401
Monthly
Assessed Value
$650,000

Listing Information

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

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