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5 School St # 1, Salem MA 01970

Salem, MA 01970
$460,000
Est. $2,448/month
2
Beds
2
Baths
1,038
Sq Ft
$443
Price/Sq Ft
1862
Year Built
Condominium
Type
17
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73357004

About this home

Charming 2-bed, 2-bath condo in the historic Cogswell Condominiums, a converted 1862 brick schoolhouse in North Salem. This 1st-floor unit blends old-world charm with modern upgrades: exposed brick, hardwood floors, and a wood-burning fireplace in the open living area. The updated kitchen boasts granite counters, stainless steel appliances, a gas stove, and a high-bar for dining. Spacious primary bedroom with walk-in closet, plus a versatile 2nd bedroom. Two renovated baths, in-unit laundry hookups, central air, and a private deck add comfort. Includes 2 deeded parking spaces. Less than a mile from Salem Train Depot (35 mins to Boston), near Rt. 114/128, and steps from downtown’s historic sites and dining. Low condo fee covers water, sewer, snow removal, and maintenance. Perfect for commuters or history lovers

Sale Statistics

Sale Overview
Original List Price: $449,000
Final Sale Price: $460,000
Difference: +$11,000 (+2.4%)
Performance Metrics
102.4%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $433
Sale $/sq ft: $443
This property sold for $443 per square foot
Sale Summary

This property sold for 2.4% above the original asking price, indicating strong buyer demand.

With only 17 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
1862
Bedrooms
2
Full Bathrooms
2
Living Area
1,038 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Interior Features

Flooring
Tile, Laminate
Heating
Forced Air, Natural Gas, ENERGY STAR Qualified Equipment
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Laundry Features
First Floor, In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Brick
Exterior Features
Covered Patio/Deck
Patio/Porch Features
Covered
Has Spa
No
Waterfront Features
Harbor, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Assigned

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, University
HOA Fee
$323
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,353
Tax Year
2025
Tax Assessed Value
$383,900
Parcel Number
M:27 L:0081 S:801,2133023
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Furnace (2015), Water Heater (2024), Washer/Dryer stays with unit

Location

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Neighborhood

5 School St # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $363
Homeowners Insurance $200
HOA Fee $323
PMI $0

Property History

Market Insights

2.4%
Price Range
18
Total Days on Market

Property Timeline

✓
Sold
May 12, 2025
$460,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Apr 9, 2025
$449,000
Original listing
Agent: David Picardy Office: Liberty Residential Realty, LLC

Price & Status History

Date Event Price Change
Apr 9, 2025 New Listing Added $449,000 —

Market Statistics

Days on Market
17 days
Price per Sq Ft
$443

Tax History

Year Taxes Assessment
2025 $4,353 $383,900

Financial Details

Annual Property Tax
$4,353
Tax Year 2025
HOA Fee
$323
Monthly
Assessed Value
$383,900

Listing Information

Listing Agent David Picardy
Listing Office Liberty Residential Realty, LLC
Agent MLS ID CN230624
Office MLS ID AN0224

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