5 School Street # 8, Salem MA 01970

Salem, MA 01970
$480,000
Est. $2,555/month
2
Beds
1.5
Baths
1,329
Sq Ft
$361
Price/Sq Ft
1862
Year Built
Condominium
Type
16
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73287202

About this home

Spacious 2-3 bedroom, 1.5 bath townhouse located in the historic Cogswell School in North Salem. This beautiful corner unit features a gas fireplace and has a wonderful floor plan with soaring ceilings and lots natural sunlight. Many updates include a custom kitchen with stainless appliances, granite countertops and a breakfast bar. Located off the kitchen is a private office, dining room, or 3rd bedroom. In unit laundry. Central air conditioning and central vac! Well managed owner association with a reasonable condo fee. Two deeded parking spaces. There is a balcony is off the main living area offering outdoor space. This townhouse is steps from the commuter rail and everything that Salem has to offer.

Sale Statistics

Sale Overview
Original List Price: $449,000
Final Sale Price: $480,000
Difference: +$31,000 (+6.9%)
Performance Metrics
106.9%
List to Sale Ratio
Sold above asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $338
Sale $/sq ft: $361
This property sold for $361 per square foot
Sale Summary

This property sold for 6.9% 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
1862
Bedrooms
2
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,329 sq ft
Total Rooms
5
Stories
2
Entry Level
2

Interior Features

Flooring
Flooring - Hardwood
Heating
Forced Air, Natural Gas
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
Closet, Office, Central Vacuum
Laundry Features
Second Floor, In Unit
Basement Details
N
Door Features
French Doors

Exterior & Structure

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

Lot & Land

Parking & Garage

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

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Private School, Public School, T-Station
HOA Fee
$442
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,449
Tax Year
2024
Tax Assessed Value
$382,900
Parcel Number
2133027
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Building Name
Cogswell Condominium
Disclosures
Some photos are virtually staged.

Location

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Neighborhood

5 School Street # 8, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

Elementary School
Choice
Rating information coming soon
Middle School
Collins Ms
Rating information coming soon
High School
Salem Hs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $371
Homeowners Insurance $200
HOA Fee $442
PMI $0

Property History

Market Insights

6.5%
Price Range
18
Total Days on Market

Property Timeline

Sold
Oct 24, 2024
$480,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Sep 9, 2024
$449,000
Original listing
Agent: Deborah Terlik Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Sep 9, 2024 New Listing Added $449,000

Market Statistics

Days on Market
16 days
Price per Sq Ft
$361

Tax History

Year Taxes Assessment
2024 $4,449 $382,900

Financial Details

Annual Property Tax
$4,449
Tax Year 2024
HOA Fee
$442
Monthly
Assessed Value
$382,900

Listing Information

Listing Agent Deborah Terlik
Listing Office Keller Williams Realty Evolution
Agent MLS ID C2501271
Office MLS ID C95098

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