87 Federal St # 1, Salem MA 01970

Salem, MA 01970
$600,000
Est. $3,193/month
2
Beds
2.5
Baths
1,385
Sq Ft
$433
Price/Sq Ft
1893
Year Built
Condominium
Type
11
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73161138

About this home

Welcome home to this gorgeous McIntire District condo with parking and a back yard! Located in the heart of Salem, this stunning 2 bedroom, 2.5 bath has it all. Chandelier foyer leads to a living room with soaring ceilings and fireplace. Right off of the living room is a mini home office with a built in desk. Eat-in kitchen with stainless steel appliances, wine fridge and breakfast bar. Walk through the sliding glass doors to the back deck which is this units' private retreat which overlooks the beautiful shared yard. A true oasis in the middle of the city. Your choice of main bedroom as they both have ensuite bathrooms. One bedroom boasts a fireplace and stacked washer/dryer in the walk in closet. The other has a large bathroom with jacuzzi tub. Period details throughout including original wainscoting, moldings, and beautiful hardwood floors. Plenty of storage in the basement.

Sale Statistics

Sale Overview
Original List Price: $579,000
Final Sale Price: $600,000
Difference: +$21,000 (+3.6%)
Performance Metrics
103.6%
List to Sale Ratio
Sold above asking price
11
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $418
Sale $/sq ft: $433
This property sold for $433 per square foot
Sale Summary

This property sold for 3.6% above the original asking price, indicating strong buyer demand.

With only 11 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1893
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,385 sq ft
Total Rooms
5
Stories
1
Entry Level
1

Interior Features

Flooring
Wood
Heating
Steam, Ductless
Has Heating
Yes
Cooling
Ductless
Has Cooling
Yes
Fireplace Features
Master Bedroom
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Basement Details
Y

Exterior & Structure

Exterior Features
Deck
Patio/Porch Features
Deck
Has Spa
No
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, T-Station
HOA Fee
$350
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,455
Tax Year
2023
Tax Assessed Value
$516,000
Parcel Number
4936813
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Buyer/buyers agent to do own due diligence. See attached sellers disclosure. All appliances left as gifts. Armoire in bedroom to remain as gift. There is some roof damage from previous storm. Insurance check to cover expenses has been received and condo association is working on getting it fixed.

Location

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Neighborhood

87 Federal St # 1, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $538
Homeowners Insurance $200
HOA Fee $350
PMI $0

Property History

Market Insights

3.5%
Price Range
13
Total Days on Market

Property Timeline

Sold
Oct 20, 2023
$600,000
Property sold
Days on Market: 13
🏠
Listed for Sale
Sep 20, 2023
$579,000
Original listing
Agent: Charlotte McAleer Office: Herrick Lutts Realty Partners

Price & Status History

Date Event Price Change
Sep 20, 2023 New Listing Added $579,000

Market Statistics

Days on Market
11 days
Price per Sq Ft
$433

Tax History

Year Taxes Assessment
2023 $6,455 $516,000

Financial Details

Annual Property Tax
$6,455
Tax Year 2023
HOA Fee
$350
Monthly
Assessed Value
$516,000

Listing Information

Listing Agent Charlotte McAleer
Listing Office Herrick Lutts Realty Partners
Agent MLS ID CN222901
Office MLS ID AN6507

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