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8 Union St # 3, Salem MA 01970

Salem, MA 01970
$374,990
Est. $2,746/month
2
Beds
1
Baths
1,451
Sq Ft
$258
Price/Sq Ft
0.23
Acres
1900
Year Built
15
Days on Market
Closed Listed Sep 24, 2016 • MLS# 72072521 Copied!

About this home

Two story penthouse loft in fabulous downtown location with the perfect blend of early 20th century patina and 21st century comforts. Exposed beams, bricks walls, original fireplaces and wood floors are combined with complete luxe renovations -- central air, in-unit laundry, new kitchen with SS/granite, and high efficiency fixtures. A generous 2nd story loft easily works as 3rd BR, home office, studio/playroom or extended living space. Two deeded parking spaces and shared outdoor area included. Amazing place to call home -- just steps to PEM, Salem Common, waterfront, train, and the best local dining/shopping.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,451 sq ft
Total Rooms
5
Stories
2
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $374,990
Final Sale Price: $374,990
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $258
Sale $/sq ft: $258
This property sold for $258 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 17 similar properties sold within 0.5 miles in the last 90 days

This Property
$258/sq ft
Area Average
$334/sq ft
Difference
22.7%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,451 sq ft
Lot Size 0.23 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace Dining Room, Bedroom
Fireplaces 2
Basement Y
Laundry First Floor, In Unit, Washer Hookup
Features Beamed Ceilings, Loft

Exterior

Construction Brick, Post & Beam
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Tandem, Deeded
Total Spaces 2

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, Washer Hookup

Financial

Annual Tax $4,041
Assessed Value $257,900

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Beamed Ceilings, Loft
Windows: Skylight(s), Insulated Windows
Basement: Y
Laundry: First Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2009
Structure Type: Townhouse
Exterior Materials: Brick, Post & Beam
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Special Features

Fireplaces: 2
Fireplace Type: Dining Room, Bedroom
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails

Location

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Neighborhood

8 Union 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
1.0 mi
Grades PK-08
The Greenhouse School
1.7 mi
Grades PK-08
B-
Saltonstall School
0.6 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-
Carlton School
0.7 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
0.7 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
0.7 mi
106 students Diverse
Diverse Student Body
Grades PK
B+
Bates School
1.2 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
C-
Horace Mann Laboratory School
1.4 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
Witchcraft Heights School
1.6 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
M

Middle Schools

1 school
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
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 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
$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 $337
Homeowners Insurance $200
HOA Fee $313/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

35.9%
Price Range
17
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73297320
Full transaction history available when tracking began
🏷️
Previously Sold
Dec 11, 2024
$585,000
MLS #73297320
Sold
Nov 21, 2016
$374,990
Property sold
Days on Market: 17
🏠
Listed for Sale
Sep 24, 2016
$374,990
Original listing
Agent: The Kevin Fruh Team Office: Keller Williams Realty

Price & Status History

Date Event Price Change
Dec 11, 2024 Sold $585,000
Sep 24, 2016 New Listing Added $374,990

Market Statistics

Days on Market
15 days
Price per Sq Ft
$258

Tax History

Year Taxes Assessment
2016 $4,041 $257,900

Financial Details

Annual Property Tax
$4,041
Tax Year 2016
HOA Fee
$313
Monthly
Assessed Value
$257,900

Listing Information

Listing Office Keller Williams Realty
Agent MLS ID TM312193
Office MLS ID AC0036
Listing Data Updated Nov 22, 2016 8:13 AM EST
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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