18 Chestnut St, Salem MA 01970

Salem, MA 01970
$1,725,000
Est. $9,181/month
6
Beds
5
Baths
4,258
Sq Ft
$405
Price/Sq Ft
0.07
Acres
1800
Year Built
Multi Family
Type
72
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73237614

About this home

Exquisite circa 1800 home on beautiful Chestnut Street! Perfect for multi-generational living or for a single family home buyer happy to defray costs. Easily reverted to a single family if desired. Masterfully restored over 3 years, with all new systems, plumbing & electrical while retaining its charm. Windows were carefully restored or custom made to precise historic standards w/traditional wavy glass for authenticity. Lovely woodwork showcases Georgian, Federal, & Colonial Revival styles. Lower unit has 2 BRs 2 ½ baths and upper unit has 3-4 BRs 2 ½ baths plus the sunniest office overlooking Chestnut St. Beautiful brick & cobblestone patio is accessible by both units as you see fit; flexes as off-street parking during the winter. Once home to Nathaniel Hawthorne who published the “Scarlet Letter” shortly after leaving. Ideally located on the corner of romantic Botts Court & elegant Chestnut St, minutes from the train station, restaurants, the PEM & waterfront

Sale Statistics

Sale Overview
Original List Price: $1,850,000
Final Sale Price: $1,725,000
Difference: $125,000 (-6.8%)
Performance Metrics
93.2%
List to Sale Ratio
Sold below asking price
72
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $434
Sale $/sq ft: $405
This property sold for $405 per square foot
Sale Summary

This property sold for 6.8% below the original asking price.

The property spent 72 days on market before selling.

Facts & Features

Property Overview

Property Type
Multi Family
Property Category
Residential Income
Year Built
1800
Bedrooms
6
Full Bathrooms
4
Half Bathrooms
2
Living Area
4,258 sq ft
Total Rooms
13
Stories
4
Levels
4

Interior Features

Flooring
Wood, Tile
Heating
Central
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
5
Basement Details
Full
Window Features
Storm Window(s)

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.07 acres
Lot Size
2,858 sq ft
Lot Size Area
0.0700
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Electric
110 Volts, 200+ Amp Service

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$15,263
Tax Year
2024
Tax Assessed Value
$1,313,500
Parcel Number
M:25 L:0424,2131815
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
There are 3 working fireplaces, all gas powered: first floor LR, first floor Kitchen, 2nd floor LR.

Location

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Neighborhood

18 Chestnut St, 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 $1,272
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.8%
Price Range
73
Total Days on Market

Property Timeline

Sold
Sep 5, 2024
$1,725,000
Property sold
Days on Market: 73
🏠
Listed for Sale
May 14, 2024
$1,850,000
Original listing
Agent: Michael Selbst Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
May 14, 2024 New Listing Added $1,850,000

Market Statistics

Days on Market
72 days
Price per Sq Ft
$405

Tax History

Year Taxes Assessment
2024 $15,263 $1,313,500

Financial Details

Annual Property Tax
$15,263
Tax Year 2024
Assessed Value
$1,313,500

Listing Information

Listing Agent Michael Selbst
Listing Office Gibson Sotheby's International Realty
Agent MLS ID BB804690
Office MLS ID AN6133

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