16 Tremont, Salem MA 01970

Salem, MA 01970
$481,000
Est. $2,560/month
3
Beds
2
Baths
1,168
Sq Ft
$412
Price/Sq Ft
0.16
Acres
1800
Year Built
Single Family Residence
Type
18
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73151361

About this home

Offer deadline Monday, 8/28 at 5 PM. Welcome to this cozy home with 3 bedroom, 2 baths located in Salem. Home has a family room with an additional bedroom on the mail level all with ample space, two of the bedrooms are on the second level - one of the bathrooms on the main level and the other in the partially finished basement which has the opportunity to expand with 900+ additionally sq ft. Great opportunity to build sweat equity in this cozy home. One mile to the Downtown area, train, and all Salem offers while having easy access to highways due to close proximity to the Peabody & Danvers town line. Property comes with additional lot, 20 Tremont, being sold as a package deal. Property to be sold AS IS. Vacant and easy to show.

Sale Statistics

Sale Overview
Original List Price: $475,000
Final Sale Price: $481,000
Difference: +$6,000 (+1.3%)
Performance Metrics
101.3%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $407
Sale $/sq ft: $412
This property sold for $412 per square foot
Sale Summary

This property sold for 1.3% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1800
Bedrooms
3
Full Bathrooms
2
Living Area
1,168 sq ft
Total Rooms
5

Interior Features

Flooring
Wood, Carpet
Heating
Baseboard
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Basement Details
Partially Finished

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.16 acres
Lot Size
6,952 sq ft
Lot Size Area
0.1600
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Park, Walk/Jog Trails
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,153
Tax Year
2023
Tax Assessed Value
$332,000
Parcel Number
2132270
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
to be sold with 20 Tremont St. MLS #: 73151503

Location

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Neighborhood

16 Tremont, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

High School
Salem Hs
Rating information coming soon

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $346
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.2%
Price Range
19
Total Days on Market

Property Timeline

Sold
Sep 29, 2023
$481,000
Property sold
Days on Market: 19
🏠
Listed for Sale
Aug 23, 2023
$475,000
Original listing
Agent: Jamie Adames Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Aug 23, 2023 New Listing Added $475,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$412

Tax History

Year Taxes Assessment
2023 $4,153 $332,000

Financial Details

Annual Property Tax
$4,153
Tax Year 2023
Assessed Value
$332,000

Listing Information

Listing Agent Jamie Adames
Listing Office Leading Edge Real Estate
Agent MLS ID CN213395
Office MLS ID AN5774

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