55 Butler Street # 1, Salem MA 01970

Salem, MA 01970
$408,000
Est. $2,172/month
2
Beds
1
Baths
835
Sq Ft
$489
Price/Sq Ft
0.10
Acres
1880
Year Built
Condominium
Type
14
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73357357

About this home

Charming first floor condo nestled in the sought after Gallows Hill neighborhood of Salem, Massachusetts. This lovely home offers modern living with a touch of classic New England character. Featuring two spacious bedrooms, full bath, and a beautifully updated eat-in kitchen that flows seamlessly into the north-facing living room. The large windows in each room fill the space with natural light, creating a bright and welcoming tone throughout the home. Shared outdoor space boasts perennial flowers ready to bloom, raised garden beds, and a grilling patio. Located just moments from downtown Salem, it provides easy access to local shops, restaurants, and attractions, including the historic waterfront and vibrant cultural scene, all while being tucked away from the hustle and bustle of downtown. With designated off street parking and in building laundry, this condo is a must see for anyone looking to call Salem home.

Sale Statistics

Sale Overview
Original List Price: $395,000
Final Sale Price: $408,000
Difference: +$13,000 (+3.3%)
Performance Metrics
103.3%
List to Sale Ratio
Sold above asking price
14
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $473
Sale $/sq ft: $489
This property sold for $489 per square foot
Sale Summary

This property sold for 3.3% above the original asking price, indicating strong buyer demand.

With only 14 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
1880
Bedrooms
2
Full Bathrooms
1
Living Area
835 sq ft
Total Rooms
5
Stories
3
Entry Level
1

Interior Features

Flooring
Wood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Laundry Features
In Basement, In Building, Electric Dryer Hookup, Washer Hookup
Basement Details
Y

Exterior & Structure

Roof
Shingle
Exterior Features
Porch, Garden
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,251 sq ft
Lot Size Area
0.1000

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
200+ Amp Service
Energy Efficient Features
Thermostat

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Public School
HOA Fee
$130
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,389
Tax Year
2025
Tax Assessed Value
$387,000
Parcel Number
5075267
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Some pictures are virtually staged. Outdoor space, and basement are shared, parking space is deeded. New boiler for unit 1 installed this past year. Buyer and Buyer's Agent to do their own due diligence

Location

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Neighborhood

55 Butler Street # 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 $366
Homeowners Insurance $200
HOA Fee $130
PMI $0

Property History

Market Insights

3.2%
Price Range
15
Total Days on Market

Property Timeline

Sold
May 30, 2025
$408,000
Property sold
Days on Market: 15
🏠
Listed for Sale
Apr 9, 2025
$395,000
Original listing
Agent: The Team - Real Estate Advisors Office: Coldwell Banker Realty - Cambridge

Price & Status History

Date Event Price Change
Apr 9, 2025 New Listing Added $395,000

Market Statistics

Days on Market
14 days
Price per Sq Ft
$489

Tax History

Year Taxes Assessment
2025 $4,389 $387,000

Financial Details

Annual Property Tax
$4,389
Tax Year 2025
HOA Fee
$130
Per month
Assessed Value
$387,000

Listing Information

Listing Agent The Team - Real Estate Advisors
Listing Office Coldwell Banker Realty - Cambridge
Agent MLS ID TM327983
Office MLS ID AN6200

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