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328 Essex Street # 4, Salem MA 01970

Salem, MA 01970
$715,000
Est. $4,742/month
2
Beds
2.5
Baths
2,057
Sq Ft
$348
Price/Sq Ft
1813
Year Built
14
Days on Market
Closed Listed May 26, 2021 • MLS# 72838264 Copied!

About this home

The Award Winning Loring Emmerton Residence is characterized by elegance. This exquisitely appointed property has recently been meticulously renovated including spectacular custom kitchen with soapstone counters and marble backsplash, top of the line appliances, 2,5 breathtaking luxurious marble baths and fabulous new designer lighting. This sophisticated unit features finishes of the highest quality, 3 hand carved fireplaces, private master suite, electronic stairway opens to new new home office, stunning grounds and 2 parking spaces. This breathtaking property offers unparalleled luxury and combines the splendor of nineteenth century architecture with the comfort of contemporary amenities. It sets new standards of fine living. Easy access to the train and ferry to Boston , museums, shopping, cultural events and the waterfront.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1813
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,057 sq ft
Total Rooms
5
Stories
3
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $699,000
Final Sale Price: $715,000
Difference: +$16,000 (+2.3%)
Performance Metrics
102.3%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $340
Sale $/sq ft: $348
This property sold for $348 per square foot
Sale Summary

This property sold for 2.3% above the original asking price, indicating strong buyer demand.

With only 14 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 16 similar properties sold within 0.5 miles in the last 90 days

This Property
$348/sq ft
Area Average
$329/sq ft
Difference
+5.9%

This property sold slightly above the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1813
Living Area 2,057 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas, Individual
Cooling Central Air, Individual
Flooring Wood, Tile, Carpet, Marble, Hardwood
Appliances Range, Oven, Disposal, Microwave, Refrigerator
Fireplace Living Room, Master Bedroom, Bedroom
Fireplaces 3
Basement Y
Laundry Closet - Walk-in, Third Floor, In Unit
Features Walk-in Closet(s), Home Office

Exterior

Construction Brick
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,827
Assessed Value $415,000

Interior Features

Flooring: Wood, Tile, Carpet, Marble, Hardwood
Appliances: Range, Oven, Disposal, Microwave, Refrigerator
Interior Features: Walk-In Closet(s), Home Office
Windows:
Basement: Y
Laundry: Closet - Walk-in, Third Floor, In Unit
Security: Security System

Construction & Materials

Year Built: 1813
Effective Year (Renovated): 2005
Structure Type: Townhouse
Exterior Materials: Brick
Roof:
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas, Individual
Heating Zones: 1
Cooling: Central Air, Individual
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: 2
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 3
Fireplace Type: Living Room, Master Bedroom, Bedroom
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University

Location

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Neighborhood

328 Essex Street # 4, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $486
Homeowners Insurance $200
HOA Fee $441/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

30.6%
Price Range
16
Total Days on Market
2
Previous Sales

Property Timeline

Previous Transaction - MLS #73234606
Full transaction history available when tracking began
🏷️
Previously Sold
Jun 21, 2024
$900,000
MLS #73234606
Sold
Jun 29, 2021
$715,000
Property sold
Days on Market: 16
🏠
Listed for Sale
May 26, 2021
$699,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty
Previous Transaction - MLS #72545154
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 1, 2019
$625,000
MLS #72545154

Price & Status History

Date Event Price Change
Jun 21, 2024 Sold $900,000
May 26, 2021 New Listing Added $699,000
Nov 1, 2019 Sold $625,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$348

Tax History

Year Taxes Assessment
2010 $5,827 $415,000

Financial Details

Annual Property Tax
$5,827
Tax Year 2010
HOA Fee
$441
Monthly
Assessed Value
$415,000

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Jun 29, 2021 4:43 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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