56 Peabody St # 2W, Salem MA 01970

Salem, MA 01970
$316,000
Est. $1,682/month
2
Beds
1
Baths
825
Sq Ft
$383
Price/Sq Ft
1915
Year Built
Condominium
Type
91
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73156706

About this home

Cute and cozy 2 Beds / 1 bath corner unit with dedicated off street parking! Just Renovated with new kitchen cabinets, granite countertops, S/S appliances, flooring, bath fixtures, new recessed and ceiling lights, and in unit w/d hook-up. Nice size balcony with privacy, walk-in closet in Master bedroom, The unit has high ceilings, large windows and plenty of natural lights, just steps away from the vibrant Salem downtown district with a 98 walk score !

Sale Statistics

Sale Overview
Original List Price: $325,000
Final Sale Price: $316,000
Difference: $9,000 (-2.8%)
Performance Metrics
97.2%
List to Sale Ratio
Sold below asking price
91
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $394
Sale $/sq ft: $383
This property sold for $383 per square foot
Sale Summary

This property sold for 2.8% below the original asking price.

At 91 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1915
Bedrooms
2
Full Bathrooms
1
Living Area
825 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Interior Features

Flooring
Laminate
Heating
Baseboard, Oil
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator
Laundry Features
In Unit, Electric Dryer Hookup, Washer Hookup
Basement Details
Y

Exterior & Structure

Exterior Features
Porch
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

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

Utilities & Systems

Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers, 100 Amp Service

Community & HOA

Community Features
Public Transportation, Walk/Jog Trails
HOA Fee
$400
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$1,828
Tax Year
2023
Tax Assessed Value
$146,100
Parcel Number
M:34 L:0380 S:804,2135868
Zoning
R

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Might not qualified for Conventional/FHA/VA financing due to pending lawsuit against the HOA. Ask LA for clarity.

Location

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Neighborhood

56 Peabody St # 2W, 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 $152
Homeowners Insurance $200
HOA Fee $400
PMI $0

Property History

Market Insights

2.8%
Price Range
66
Total Days on Market

Property Timeline

Sold
Dec 18, 2023
$316,000
Property sold
Days on Market: 66
🏠
Listed for Sale
Sep 7, 2023
$325,000
Original listing
Agent: Dan & Johnny Team Office: Kava Realty Group, Inc.

Price & Status History

Date Event Price Change
Sep 28, 2025 Sold $399,000
Sep 7, 2023 New Listing Added $325,000

Market Statistics

Days on Market
91 days
Price per Sq Ft
$383

Tax History

Year Taxes Assessment
2023 $1,828 $146,100

Financial Details

Annual Property Tax
$1,828
Tax Year 2023
HOA Fee
$400
Per month
Assessed Value
$146,100

Listing Information

Listing Agent Dan & Johnny Team
Listing Office Kava Realty Group, Inc.
Agent MLS ID TM325400
Office MLS ID AC0746

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