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394 Essex St # 3, Salem MA 01970

Salem, MA 01970
$495,000
Est. $3,298/month
2
Beds
1
Baths
1,279
Sq Ft
$387
Price/Sq Ft
1980
Year Built
10 hours 34 minutes
Time on Market
Active Open House Listed Apr 28, 2026 • MLS# 73508628 Copied!

About this home

Looking for a stylish townhouse in the heart of historic Salem? This charming 2-bedroom, 1-bath home is set back from the street for added privacy while still keeping you close to everything the city has to offer. Inside, you’ll find the convenience of in-unit laundry and a comfortable, functional layout. Step outside to your own private yard—perfect for gardening, summer BBQs, or giving your pets a place to roam. The home is located less than a mile from the train, making commuting a breeze. Enjoy an unbeatable location just minutes from downtown Salem, the MBTA Commuter Rail, parks, local universities, and the scenic shoreline. With easy access to public transportation and nearby shopping, this property offers the perfect blend of urban convenience and neighborhood charm. Additional highlights include two off-street parking spaces and updated utilities.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,279 sq ft
Total Rooms
5
Stories
3
Entry Level
1

Open House Schedule

02
May
Saturday, May 2
12:00 PM - 2:00 PM EDT
03
May
Sunday, May 3
1:00 PM - 3:00 PM EDT

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,279 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Electric Baseboard, Electric
Cooling Window Unit(s), Wall Unit(s)
Flooring None
Appliances Range
Fireplace None
Fireplaces 1
Basement Y
Laundry In Basement, In Building
Features None

Exterior

Construction None
Architecture None
Roof None
Features Deck, Deck - Wood, Patio
Pool None
Spa None
Fencing None
Patio/Porch Deck, Deck - Wood, Patio

Parking

Features Off Street, Assigned
Total Spaces 2

Utilities

Electric 220 Volts, Fuses
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $4,558
Assessed Value $402,000

Interior Features

Flooring:
Appliances: Range
Interior Features:
Windows:
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1980
Structure Type: Townhouse
Exterior Materials:
Roof:
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Electric Baseboard, Electric
Cooling: Window Unit(s), Wall Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck, Deck - Wood, Patio
Patio & Porch: Deck, Deck - Wood, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Assigned

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Public School, T-Station, University

Location

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Neighborhood

394 Essex St # 3, 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 $380
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

53.7%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Apr 28, 2026
$495,000
Original listing
Agent: William McClory Office: Dream Seekers Realty, LLC
Previous Transaction - MLS #71875707
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 31, 2015
$229,000
MLS #71875707

Price & Status History

Date Event Price Change
Apr 28, 2026 New Listing Added $495,000
Aug 31, 2015 Sold $229,000

Market Statistics

Time on Market
10 hours 34 minutes
Price per Sq Ft
$387

Tax History

Year Taxes Assessment
2025 $4,558 $402,000

Financial Details

Annual Property Tax
$4,558
Tax Year 2025
HOA Fee
$215
Per month
Assessed Value
$402,000

Listing Information

Listing Agent William McClory
Listing Office Dream Seekers Realty, LLC
Agent MLS ID NB110799
Office MLS ID AN6790
Listing Data Updated Apr 28, 2026 8:36 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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