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42 School St # 2, Salem MA 01970

Salem, MA 01970
$595,000
Est. $3,889/month
2
Beds
2
Baths
1,644
Sq Ft
$362
Price/Sq Ft
0.08
Acres
1880
Year Built
6 hours 17 minutes
Time on Market
Active Open House Listed Jun 2, 2026 • MLS# 73528008 Copied!

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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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

Open House Schedule

06
Jun
Saturday, June 6
11:00 AM - 1:00 PM EDT
07
Jun
Sunday, June 7
11:00 AM - 1:00 PM EDT

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
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

Parking

Features Off Street, Tandem
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,864
Assessed Value $517,100

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: Townhouse
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air
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

Location

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Neighborhood

42 School St # 2, 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
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Over life of loan
Total Cost
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Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $489
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

-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

Property Timeline

🏠
Listed for Sale
Jun 2, 2026
$595,000
Original listing
Agent: The Movement Group Office: Compass

Price & Status History

Date Event Price Change
Jun 2, 2026 New Listing Added $595,000

Market Statistics

Time on Market
6 hours 17 minutes
Price per Sq Ft
$362

Tax History

Year Taxes Assessment
2025 $5,864 $517,100

Financial Details

Annual Property Tax
$5,864
Tax Year 2025
HOA Fee
$192
Monthly
Assessed Value
$517,100

Listing Information

Listing Agent The Movement Group
Listing Office Compass
Agent MLS ID TM331585
Office MLS ID AN2383
Listing Data Updated Jun 2, 2026 7:49 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

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