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18 Phelps St # 1, Salem MA 01970

Salem, MA 01970
$410,000
Est. $85,856/month
2
Beds
2
Baths
860
Sq Ft
$477
Price/Sq Ft
1920
Year Built
12
Days on Market
Closed Listed May 28, 2021 • MLS# 72839180 Copied!

About this home

All new studs out redevelopment offering gorgeous 2 bed 2 full bath condominiums on a quiet dead end street bordering Salem's historic McIntire District. With a walk score of 85, all of downtown Salem and the Commuter Rail are easily accessible by foot along with local parks, local amenities, schools, etc. Enjoy the benefit of new construction within a classic building with 2 car parking for each unit and a huge shared yard.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
2
Full Bathrooms
2
Living Area
860 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $410,000
Difference: +$11,000 (+2.8%)
Performance Metrics
102.8%
List to Sale Ratio
Sold above asking price
12
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $464
Sale $/sq ft: $477
This property sold for $477 per square foot
Sale Summary

This property sold for 2.8% above the original asking price, indicating strong buyer demand.

With only 12 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 9 similar properties sold within 0.5 miles in the last 90 days

This Property
$477/sq ft
Area Average
$380/sq ft
Difference
+25.4%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 860 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Tile, Marble, Hardwood
Appliances Disposal, Energy Star Qualified Refrigerator, Energy Star Qualified Dryer, Energy Star Qualified Dishwasher, Range
Fireplace None
Basement Y
Laundry In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Rubber
Features Porch, Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch

Parking

Features Off Street, Driveway
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $999,999
Assessed Value $9,999,999

Interior Features

Flooring: Tile, Marble, Hardwood
Appliances: Disposal, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, Range
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2021
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle, Rubber
Foundation:
Stories: 1

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: Porch, Fenced Yard
Patio & Porch: Porch
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Driveway

Location

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Neighborhood

18 Phelps St # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $83,333
Homeowners Insurance $200
HOA Fee $250/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

20%
Price Range
18
Total Days on Market

Property Timeline

Current Active Listing - MLS #73513364
Full transaction history available when tracking began
🏡
Currently Listed
May 6, 2026
$499,000
MLS #73513364 - Active
Sold
Jul 15, 2021
$410,000
Property sold
Days on Market: 18
🏠
Listed for Sale
May 28, 2021
$399,000
Original listing
Agent: Dan Bernal Office: J. Barrett & Company

Price & Status History

Date Event Price Change
May 7, 2026 Sold $499,000
May 28, 2021 New Listing Added $399,000

Market Statistics

Days on Market
12 days
Price per Sq Ft
$477

Tax History

Year Taxes Assessment
2021 $999,999 $9,999,999

Financial Details

Annual Property Tax
$999,999
Tax Year 2021
HOA Fee
$250
Monthly
Assessed Value
$9,999,999

Listing Information

Listing Agent Dan Bernal
Listing Office J. Barrett & Company
Agent MLS ID BB923122
Office MLS ID AC2087
Listing Data Updated Jul 16, 2021 9:21 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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