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394 Essex St # 3, Salem MA 01970

Salem, MA 01970
$229,000
Est. $1,853/month
2
Beds
1
Baths
1,367
Sq Ft
$168
Price/Sq Ft
1980
Year Built
Condominium
Type
42
Days on Market
Closed Listed Jul 19, 2015 • MLS# 71875707 Copied!

About this home

Beautiful private yard and deeded parking for 2+ cars. Walk everywhere in downtown Salem. Three wonderful levels of living with 2 fireplaces. Pet friendly condominium association. Live in the beautiful historic McIntire District.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,367 sq ft
Total Rooms
5
Stories
2
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $232,000
Final Sale Price: $229,000
Difference: $3,000 (-1.3%)
Performance Metrics
98.7%
List to Sale Ratio
Sold below asking price
42
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $170
Sale $/sq ft: $168
This property sold for $168 per square foot
Sale Summary

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

The property spent 42 days on market before selling.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$168/sq ft
Area Average
$428/sq ft
Difference
60.7%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,367 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Electric
Cooling Window Unit(s)
Flooring Tile, Carpet
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace Family Room, Living Room
Fireplaces 2
Basement Y
Laundry In Basement, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck, Garden, Screens, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Deck

Parking

Has Garage Yes
Features Assigned, Deeded, Stone/gravel, Exclusive Parking
Total Spaces 2

Utilities

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

Financial

Annual Tax $3,656
Assessed Value $222,800

Interior Features

Flooring: Tile, Carpet
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows, Storm Window(s), Screens
Basement: Y
Laundry: In Basement, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1980
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Electric
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck, Garden, Screens, Rain Gutters
Patio & Porch: Deck
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Assigned, Deeded, Stone/Gravel, Exclusive Parking

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station, University

Location

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Neighborhood

394 Essex St # 3, 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

9 schools
The Phoenix School
0.3 mi
Grades PK-08
The Greenhouse School
1.6 mi
Grades PK-08
B-
Saltonstall School
0.8 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.8 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
0.9 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B+
Bates School
1.1 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
B-
Carlton School
1.1 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
1.4 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
C+
Collins Middle School
0.3 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
H

High Schools

2 schools
B+
Salem Academy Charter School
1.0 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
1.0 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
Learn about these ratings
School data provided by BMN Schools

Monthly Payment Calculator

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

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $305
Homeowners Insurance $200
HOA Fee $190/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
$0/mo
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

53.7%
Price Range
52
Total Days on Market

Property Timeline

Current Active Listing - MLS #73508628
Full transaction history available when tracking began
🏡
Currently Listed
Apr 28, 2026
$495,000
MLS #73508628 - Active
View Listing →
✓
Sold
Aug 31, 2015
$229,000
Property sold
Days on Market: 52
🏠
Listed for Sale
Jul 19, 2015
$232,000
Original listing
Agent: Marilyn Jarvis Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Apr 29, 2026 Sold $495,000 —
Jul 19, 2015 New Listing Added $232,000 —

Market Statistics

Days on Market
42 days
Price per Sq Ft
$168

Tax History

Year Taxes Assessment
2015 $3,656 $222,800

Financial Details

Annual Property Tax
$3,656
Tax Year 2015
HOA Fee
$190
Monthly
Assessed Value
$222,800

Listing Information

Listing Agent Marilyn Jarvis
Listing Office Keller Williams Realty Evolution
Agent MLS ID C5422930
Office MLS ID C95098
Listing Data Updated Sep 2, 2015 10:42 AM 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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