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386 Essex Street # 5, Salem MA 01970

Salem, MA 01970
$350,000
Est. $2,495/month
2
Beds
1
Baths
861
Sq Ft
$407
Price/Sq Ft
0.11
Acres
1870
Year Built
Condominium
Type
32
Days on Market
Closed Listed Sep 16, 2020 • MLS# 72727164 Copied!

About this home

This historic Victorian speaks of a by-gone era with 9 foot ceilings and wood floors but with all the conveniences of modern day. Moments to town, bus line, train and more this is the place to be in Salem. This top level unit enjoys a birds eye view with 2 bedrooms and 1 full bath.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1870
Bedrooms
2
Full Bathrooms
1
Living Area
861 sq ft
Total Rooms
4
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $349,900
Final Sale Price: $350,000
Difference: +$100 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold above asking price
32
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $406
Sale $/sq ft: $407
This property sold for $407 per square foot
Sale Summary

This property sold for 0.0% above the original asking price, indicating strong buyer demand.

The property spent 32 days on market before selling.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$407/sq ft
Area Average
$434/sq ft
Difference
6.2%

This property sold near the area average for similar homes.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1870
Living Area 861 sq ft
Lot Size 0.11 acres
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard, Natural Gas
Cooling None
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement Y
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Exterior Access, Washer Hookup, In Basement, In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Slate
Features Patio, Garden
Pool None
Spa None
Fencing None
Patio/Porch Patio

Parking

Features None

Utilities

Electric 220 Volts, Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $3,725
Assessed Value $257,800

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Exterior Access, Washer Hookup, In Basement, In Building
Security:

Construction & Materials

Year Built: 1870
Effective Year (Renovated): 2019
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle, Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Garden
Patio & Porch: Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

386 Essex Street # 5, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

9 schools
The Phoenix School
0.3 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.8 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.8 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
0.9 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B+
Bates School
1.1 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
1.1 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.4 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
C+
Collins Middle School
0.3 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.9 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.0 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
Learn about these ratings
School data provided by BMN Schools

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 $310
Homeowners Insurance $200
HOA Fee $215/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

99.1%
Price Range
33
Total Days on Market

Property Timeline

Current Active Listing - MLS #73479104
Full transaction history available when tracking began
🏡
Currently Listed
Feb 20, 2026
$3,200
MLS #73479104 - Active
View Listing →
✓
Sold
Nov 9, 2020
$350,000
Property sold
Days on Market: 33
🏠
Listed for Sale
Sep 16, 2020
$349,900
Original listing
Agent: George Fallon Office: Tache Real Estate, Inc.

Price & Status History

Date Event Price Change
Feb 24, 2026 Sold $3,200 —
Sep 16, 2020 New Listing Added $349,900 —

Market Statistics

Days on Market
32 days
Price per Sq Ft
$407

Tax History

Year Taxes Assessment
2020 $3,725 $257,800

Financial Details

Annual Property Tax
$3,725
Tax Year 2020
HOA Fee
$215
Monthly
Assessed Value
$257,800

Listing Information

Listing Agent George Fallon
Listing Office Tache Real Estate, Inc.
Agent MLS ID C7308243
Office MLS ID C86500
Listing Data Updated Dec 30, 2020 3:15 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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