40 School Street # A, Salem MA 01970

Salem, MA 01970
$540,000
Est. $2,874/month
2
Beds
2
Baths
1,169
Sq Ft
$462
Price/Sq Ft
1880
Year Built
Condominium
Type
16
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73161991

About this home

You will love this stunning total renovation to this 1st floor 1169 sq ft condo!! Enjoy cooking/entertaining ? this sunlit kitchen with new cabinetry, granite counters, fixtures, electric, plumbing, SS appliances and a beautiful center island, is a pleasure to be in. The kitchen opens to dining room or can use as a family room. With such a versatile floor plan this unit can fulfill a variety of family needs. Living room is lovely with lots of sunlight, refurbished hardwood flooring with an electric fireplace for relaxing on those chilly Winter nights. 2 good size bedrooms w/hardwood flooring , good closet space, and the exquisite master bath will help you relax those muscles before retiring. Central air, individual basement storage, in unit washer and dryer, 2 car deeded parking spaces, are just a few more additions to what this unit offers. Open House will begin showings on 9/30/23 and 10/1/23 12-2 PM...see the detail this renovation offers. More photos and info to come....

Sale Statistics

Sale Overview
Original List Price: $537,900
Final Sale Price: $540,000
Difference: +$2,100 (+0.4%)
Performance Metrics
100.4%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $460
Sale $/sq ft: $462
This property sold for $462 per square foot
Sale Summary

This property sold for 0.4% above the original asking price, indicating strong buyer demand.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1880
Bedrooms
2
Full Bathrooms
2
Living Area
1,169 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Interior Features

Flooring
Tile, Hardwood
Heating
Central, Forced Air
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Mud Room
Laundry Features
First Floor, In Unit
Basement Details
Y

Exterior & Structure

Construction Materials
Frame
Roof
Metal
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Tandem, Assigned, Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
220 Volts

Community & HOA

Community Features
Shopping, Park, Walk/Jog Trails, Laundromat, House of Worship, Public School
HOA Fee
$0
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,806
Tax Year
2022
Tax Assessed Value
$444,600
Parcel Number
2132943
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Disclosures
Taxes and Assessment are for property prior to renovation. Condo taxes, fees and assessed value TB determined.
Listing Terms
Contract

Location

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Neighborhood

40 School Street # A, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

High School
Salem Hs
Rating information coming soon

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $484
Homeowners Insurance $200
HOA Fee $0
PMI $0

Property History

Market Insights

0.4%
Price Range
18
Total Days on Market

Property Timeline

Sold
Dec 1, 2023
$540,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Sep 30, 2023
$537,900
Original listing
Agent: Cookie Melanson Office: Century 21 North East

Price & Status History

Date Event Price Change
Sep 30, 2023 New Listing Added $537,900

Market Statistics

Days on Market
16 days
Price per Sq Ft
$462

Tax History

Year Taxes Assessment
2022 $5,806 $444,600

Financial Details

Annual Property Tax
$5,806
Tax Year 2022
HOA Fee
$0
Per month
Assessed Value
$444,600

Listing Information

Listing Agent Cookie Melanson
Listing Office Century 21 North East
Agent MLS ID C2324363
Office MLS ID AN4346

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