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42 School St # 2, Salem MA 01970

Salem, MA 01970
$595,000
$585,000
Est. $3,843/month
2
Beds
2
Baths
1,644
Sq Ft
$356
Price/Sq Ft
0.08
Acres
1880
Year Built
2
Parking
40
Days on Market
Active Price Drop -$10,000 Listed Jun 2, 2026 • MLS# 73528008 Copied! • Updated Jul 9, 2026

About this home

Nestled in Salem, this multi-level Unit at 40-42 School St offers the perfect balance of modern amenities and enduring character. This sun-filled home features an open-concept kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and a spacious island ideal for entertaining. The layout flows seamlessly into a dedicated dining area and inviting living space with hardwood floors throughout. The home offers generously sized bedrooms, a stylishly updated bathroom with tiled shower, and a versatile top-floor bonus space perfect for a home office or flex use. Additional highlights include in-unit laundry, flexible floorplan, and thoughtful design throughout along with storage area in basement. Conveniently located near downtown, shops, restaurants, and major routes. Salem commuter rail station with direct access to Boston—perfect for commuters or anyone looking for convenience.—this is a turnkey opportunity you don’t want to miss.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
1.7%
Price Range

Property Timeline

Price Reduced
Jul 9, 2026
$585,000 $10,000 (-1.68%)
From $595,000 to $585,000 (-1.7%)
🏠
Listed for Sale
Jun 2, 2026
$595,000
Original listing
Agent: The Movement Group Office: Compass

Tax History

Year Taxes Assessment
2026 $5,912 $548,400

Financial Details

Annual Property Tax
$5,912
Tax Year 2026
HOA Fee
$192
Monthly
Assessed Value
$548,400

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1880
Living Area 1,644 sq ft
Lot Size 0.08 acres
Bedrooms 2
Full Baths 2
Total Rooms 7

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Carpet, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Y
Laundry In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Tandem
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $5,912
Assessed Value $548,400

HOA & Community

HOA Fee $192 Monthly
Fee Includes Water, Sewer, Insurance
Amenities None
Optional Fee Includes None
Down Payment Resource Eligible
Pets Yes w/ Restrictions
Seller Disclosures Water And Master Insurance; Both Shared With Other Owner Split By % Of Ownership. Snow Removal Paid For Out Of Pocket Based On % Of Ownership. Additional Storage In Basement. Photos Were Taken Prior To Current Occupancy And May Not Reflect Present Presentation. Fireplace Is Electric.
Possession None
Accepted Financing None
Structure Type ["2\/3 Family"]
Unit/Building 2
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 37 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1880
Bedrooms
2
Full Bathrooms
2
Living Area
1,644 sq ft
Total Rooms
7
Stories
2
Entry Level
2

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring: Tile, Carpet, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1880
Effective Year (Renovated): 2023
Structure Type: 2/3 Family
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
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, Tandem

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, House of Worship, Public School, T-Station, University
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
0.5 mi
Grades PK-08
The Greenhouse School
2.2 mi
Grades PK-08
B+
Bates School
0.5 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
0.8 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.1 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
B-
Saltonstall School
1.2 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
C+
Bentley Academy Innovation School
1.3 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
1.3 mi
106 students Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.4 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
M

Middle Schools

1 school
C+
Collins Middle School
0.9 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
1.3 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
1.5 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
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Monthly Payment
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Loan Amount
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $493
Homeowners Insurance $200
HOA Fee $192/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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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.

Location

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Neighborhood

42 School St # 2, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent The Movement Group
Listing Office Compass
Office Phone 617-206-3333
Agent MLS ID TM331585
Office MLS ID AN2383
Listing Data Updated Jul 9, 2026 10:14 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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