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5 School Street # 6, Salem MA 01970

Salem, MA 01970
$463,000
Est. $3,295/month
2
Beds
1.5
Baths
1,162
Sq Ft
$398
Price/Sq Ft
1862
Year Built
13
Days on Market
Closed Listed Sep 3, 2025 • MLS# 73424771 Copied!

About this home

Experience history and modern comfort at the Cogswell School Condominiums. This move-in ready unit features a unique floor plan with soaring vaulted ceilings, architectural details, and stylish design elements. The main level offers an open concept living/dining area with a fireplace that opens to a private, sun-drenched deck. The updated eat-in kitchen boasts white cabinetry, granite counters, tile flooring and two unique glass block windows. A half bath and a large storage closet complete this level. Upstairs, a dramatic, light-filled stairwell leads to two spacious bedrooms. The primary suite is a serene sanctuary with a vaulted ceiling, wood laminate flooring, a skylight, and a walk-in closet. The second bedroom also includes a skylight and a large closet. A full bath with tile flooring and a laundry closet provides added convenience. This property comes with two deeded off-street parking spaces, prime location for a short walk to the commuter rail and to Salem's vibrant downtown.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1862
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,162 sq ft
Total Rooms
4
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $469,000
Final Sale Price: $463,000
Difference: $6,000 (-1.3%)
Performance Metrics
98.7%
List to Sale Ratio
Sold below asking price
13
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $404
Sale $/sq ft: $398
This property sold for $398 per square foot
Sale Summary

This property sold for 1.3% below the original asking price.

With only 13 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$398/sq ft
Area Average
$413/sq ft
Difference
3.7%

This property sold near the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1862
Living Area 1,162 sq ft
Bedrooms 2
Full Baths 1
Half Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Carpet, Hardwood, Wood Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement N
Laundry Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features Central Vacuum

Exterior

Construction Brick
Architecture None
Roof Shingle, Rubber
Features Deck, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Features Off Street, Assigned, Deeded
Total Spaces 2

Utilities

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

Financial

Annual Tax $4,407
Assessed Value $388,000

Interior Features

Flooring: Wood, Tile, Carpet, Hardwood, Wood Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Central Vacuum
Windows:
Basement: N
Laundry: Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1862
Effective Year (Renovated): 1980
Structure Type: Townhouse
Exterior Materials: Brick
Roof: Shingle, Rubber
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: Deck, Rain Gutters
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Assigned, Deeded

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Location

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Neighborhood

5 School Street # 6, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

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

3 schools
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
The Phoenix School
0.6 mi
Grades PK-08
C
Thomas Carroll School
0.7 mi | #611 of 824 | Score: 40.2
Improved 128 spots from last year
-18 below state avg
645 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

2 schools
C+
Collins Middle School
1.0 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
C+
J. Henry Higgins Middle School
1.9 mi | #240 of 352 | Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students Diverse
Grades 06-08
H

High Schools

3 schools
Bishop Fenwick High School
0.9 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
1.2 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
1.6 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 Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $367
Homeowners Insurance $200
HOA Fee $387/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
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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

1.3%
Price Range
14
Total Days on Market

Property Timeline

Sold
Oct 8, 2025
$463,000
Property sold
Days on Market: 14
🏠
Listed for Sale
Sep 3, 2025
$469,000
Original listing
Agent: Thomas Beauregard Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Sep 3, 2025 New Listing Added $469,000

Market Statistics

Days on Market
13 days
Price per Sq Ft
$398

Tax History

Year Taxes Assessment
2025 $4,407 $388,000

Financial Details

Annual Property Tax
$4,407
Tax Year 2025
HOA Fee
$387
Monthly
Assessed Value
$388,000

Listing Information

Listing Office Keller Williams Realty Evolution
Agent MLS ID C0001626
Office MLS ID C95098
Listing Data Updated Oct 8, 2025 12:57 PM 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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