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55 Perkins Street, Salem MA 01970

Salem, MA 01970
$615,000
Est. $3,898/month
2
Beds
1
Baths
1,925
Sq Ft
$319
Price/Sq Ft
0.04
Acres
1915
Year Built
21
Days on Market
Closed Listed Sep 6, 2023 • MLS# 73155503 Copied!

About this home

This incredible "brick & beam" loft-style home is one of the most unique residential properties in downtownSalem. Located in the vibrant neighborhood "The Point", this former 1900's shoe-making factory has been lovingly & meticulously renovated / upgraded to an amazing 2 level single family dwelling. Nestled on the waterfront, this gem is a perfect blend of historic character w/modern touches: exposed brick, sandblasted woodbeams, red oak floors, oversized windows, updated kitchen (Brazilian granite counters, ss appliances), handsome & bright bath (w/upgraded plumbing!), open-concept living / dining / den, handcrafted red oak staircase, bright master bedroom w/custom closet system, comfortable 2nd bedroom / study, flexible 1st-level space w/11' ceilings ready to be a home office / bedroom suite / gym / playroom. HUGE heated 2 car garage/workshop. OH - AND gorgeous spiral stairs lead up to a brand new ROOFDECK with water-views!

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Public Records

Current Owner

Owner CHERRY MATTHEW IVAN
Mailing Address CHERRY MATTHEW IVAN, SALEM, MA, 01970

Land Use

Use Code 101
Description Single Family
Zoning R3
Style Old Style

Tax Information

Assessed Value $580,900

Assessment History

Year Land Building Total Change
FY2026 $134,000 $446,900 $580,900

Sale History

Date Price Book/Page
Oct 27, 2023 $615,000 41831/285

Building Permit History

No building permits on record since 2023.

Data: Town of Salem

Municipal Context: SALEM

Match: address_like (87.0% confidence) · Data as of Jun 1, 2026

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1915
Bedrooms
2
Full Bathrooms
1
Living Area
1,925 sq ft
Total Rooms
5
Levels
Multi/Split

Sale Statistics

Sale Overview
Original List Price: $639,000
Final Sale Price: $615,000
Difference: $24,000 (-3.8%)
Performance Metrics
96.2%
List to Sale Ratio
Sold below asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $332
Sale $/sq ft: $319
This property sold for $319 per square foot
Sale Summary

This property sold for 3.8% below the original asking price.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1915
Living Area 1,925 sq ft
Lot Size 0.04 acres
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Concrete, Hardwood
Appliances Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 1
Basement None
Laundry None
Features None

Exterior

Construction Brick, Post & Beam
Architecture Other (see Remarks)
Roof Rubber
Features Deck - Roof
Pool None
Spa None
Fencing None
Patio/Porch Deck - Roof

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Storage, Workshop In Garage, Shared Driveway, Off Street, Deeded
Total Spaces 4

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $7,061
Assessed Value $564,400

Interior Features

Flooring: Tile, Concrete, Hardwood
Appliances: Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement:
Laundry:
Security:

Construction & Materials

Style: Other (See Remarks)
Year Built: 1915
Structure Type:
Exterior Materials: Brick, Post & Beam
Roof: Rubber
Foundation: Brick/Mortar

Heating, Cooling & Utilities

Heating: Forced Air, Baseboard, Natural Gas
Heating Zones: 4
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Roof
Patio & Porch: Deck - Roof
Fencing:
Other Structures:
Lot Features: Easements
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 4
Parking Features: Attached, Garage Door Opener, Heated Garage, Storage, Workshop in Garage, Shared Driveway, Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Waterfront: Yes
Waterfront Type: Waterfront, Harbor, Walk to, Marina, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Park, Marina

Location

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Neighborhood

55 Perkins Street, 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
1.2 mi
Grades PK-08
The Greenhouse School
1.3 mi
Grades PK-08
B-
Saltonstall School
0.2 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
C+
Bentley Academy Innovation School
1.0 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
1.0 mi
106 students Diverse
Diverse Student Body
Grades PK
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-
Horace Mann Laboratory School
1.2 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
1.6 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
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
0.9 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
0.1 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
1.3 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
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $588
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Current Rate
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+0.5% Rate
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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

36.5%
Price Range
23
Total Days on Market
1
Previous Sales

Property Timeline

Current Active Listing - MLS #73532313
Full transaction history available when tracking began
🏡
Currently Listed
Jun 9, 2026
$799,900
MLS #73532313 - Active
Sold
Oct 27, 2023
$615,000
Property sold
Days on Market: 23
🏠
Listed for Sale
Sep 6, 2023
$639,000
Original listing
Agent: Paul Santucci Office: True North Realty
Previous Transaction - MLS #72261014
Full transaction history available when tracking began
🏷️
Previously Sold
Mar 1, 2018
$508,000
MLS #72261014

Price & Status History

Date Event Price Change
Jun 9, 2026 Sold $799,900
Sep 6, 2023 New Listing Added $639,000
Mar 1, 2018 Sold $508,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$319

Tax History

Year Taxes Assessment
2023 $7,061 $564,400

Financial Details

Annual Property Tax
$7,061
Tax Year 2023
Assessed Value
$564,400

Listing Information

Listing Agent Paul Santucci
Listing Office True North Realty
Agent MLS ID BB808901
Office MLS ID AN2670
Listing Data Updated Oct 28, 2023 12:01 PM 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

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