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4 Union Street # 3C, Salem MA 01970

Salem, MA 01970
$465,000
Est. $3,260/month
1
Beds
1
Baths
947
Sq Ft
$491
Price/Sq Ft
1900
Year Built
21
Days on Market
Closed Listed Feb 20, 2025 • MLS# 73336725 Copied!

About this home

Wow! So close to Salem Common, the Peabody Essex Museum, historic Derby St., 0.6 miles to the Salem Ferry and 0.7 miles to the commuter rail, with a walkability score of 99 /100, this location can’t be beat! Featuring an open floor plan with vaulted ceiling, exposed brick, 2 fireplaces and spacious loft to a private 7' x 7.5' balcony. The sleek red kitchen cabinets and black granite counters provides a trendy vibe. The spacious bedroom leads to the updated full bath. In-unit washer and dryer and dedicated storage space in the basement round out this great property. Low condo fee includes heat & hot water. Pets allowed with approval. Subject to a license to sell. Seller is unable to make any representations or warranties regarding the property. Seller is a fiduciary with obligations to the Protected Person, and the Court. Buyer and Buyer Agent to do their own due diligence. Please include required language with offer and Leading Edge Addendum (see attached).Offers due March 4 at 2PM.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
1
Full Bathrooms
1
Living Area
947 sq ft
Total Rooms
4
Stories
2
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $389,900
Final Sale Price: $465,000
Difference: +$75,100 (+19.3%)
Performance Metrics
119.3%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $412
Sale $/sq ft: $491
This property sold for $491 per square foot
Sale Summary

This property sold for 19.3% above the original asking price, indicating strong buyer demand.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 20 similar properties sold within 0.5 miles in the last 90 days

This Property
$491/sq ft
Area Average
$372/sq ft
Difference
+32.1%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 947 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard
Cooling None
Flooring Wood, Tile, Bamboo
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room, Master Bedroom
Fireplaces 2
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup
Features Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Loft

Exterior

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

Parking

Features None

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $3,961
Assessed Value $349,300

Interior Features

Flooring: Wood, Tile, Bamboo
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Loft
Windows: Skylight(s), Insulated Windows
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features: Balcony / Deck, Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Special Features

Fireplaces: 2
Fireplace Type: Living Room, Master Bedroom
Community Amenities: Shopping, Park, Walk/Jog Trails

Location

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Neighborhood

4 Union Street # 3C, 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 $330
Homeowners Insurance $200
HOA Fee $379/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

16.2%
Price Range
23
Total Days on Market

Property Timeline

Sold
May 15, 2025
$465,000
Property sold
Days on Market: 23
🏠
Listed for Sale
Feb 20, 2025
$389,900
Original listing
Agent: The Beaton Team Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Feb 20, 2025 New Listing Added $389,900

Market Statistics

Days on Market
21 days
Price per Sq Ft
$491

Tax History

Year Taxes Assessment
2025 $3,961 $349,300

Financial Details

Annual Property Tax
$3,961
Tax Year 2025
HOA Fee
$379
Monthly
Assessed Value
$349,300

Listing Information

Listing Agent The Beaton Team
Listing Office Leading Edge Real Estate
Agent MLS ID TEAM0447
Office MLS ID AN4648
Listing Data Updated May 16, 2025 8:21 AM 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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