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80 Wharf St # K1, Salem MA 01970

Salem, MA 01970
$400,000
Est. $2,928/month
2
Beds
1
Baths
1,100
Sq Ft
$364
Price/Sq Ft
1980
Year Built
21
Days on Market
Closed Listed Feb 20, 2024 • MLS# 73203890 Copied!

About this home

Explore an excellent investment opportunity in Salem's Pickering Wharf at 80 Wharf St Unit K-1. This charming 2-bedroom, 1-bathroom condo is ideally situated in the picturesque waterfront district. Both investors and owner-occupants will appreciate the turnkey nature of this property, currently tenanted with a reliable 17-year tenant paying market rent. Benefit from stable cash flow and the potential for property appreciation in Salem's thriving rental market if you so choose. With its blend of historic charm and modern amenities, this condo offers a rare chance to secure a hassle-free investment in one of Salem's most sought-after neighborhoods. Please note that interior photos are unavailable due to the tenant's privacy preferences. However, rest assured that the property is in good shape and meticulously maintained for your investment peace of mind. Enjoy occupying or investing in waterfront living in Salem's vibrant community.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,100 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $400,000
Final Sale Price: $400,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $364
Sale $/sq ft: $364
This property sold for $364 per square foot
Sale Summary

This property sold exactly at the asking price.

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

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$364/sq ft
Area Average
$350/sq ft
Difference
+4.1%

This property sold slightly above the area average for similar homes.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,100 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Vinyl, Carpet, Laminate
Appliances Range, Dishwasher, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Second Floor, Washer Hookup
Features None

Exterior

Construction Frame, Brick
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Assigned, Exclusive Parking
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, Washer Hookup

Financial

Annual Tax $4,932
Assessed Value $424,400

Interior Features

Flooring: Vinyl, Carpet, Laminate
Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Second Floor, Washer Hookup
Security:

Construction & Materials

Year Built: 1980
Structure Type: Low-Rise
Exterior Materials: Frame, Brick
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
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: 1
Parking Features: Off Street, Assigned, Exclusive Parking

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, Bike Path, Conservation Area, Marina, Public School, University

Location

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Neighborhood

80 Wharf St # K1, 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

3 schools
B-
Saltonstall School
0.4 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
0.8 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
0.8 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

3 schools
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
B+
Village School
1.6 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
B+
Marblehead Community Charter Public School
2.0 mi | #115 of 352 | Score: 48.0
Improved 94 spots from last year
-10.2 below state avg
192 students Moderate
Rising School Strong Attendance
Grades 04-08
H

High Schools

3 schools
B+
Salem Academy Charter School
0.2 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
1.5 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
Bishop Fenwick High School
1.9 mi
17 sports • 1,390 athletes
Strong Athletics
Grades 09-12
Learn about these ratings

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 $411
Homeowners Insurance $200
HOA Fee $294/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

22
Total Days on Market

Property Timeline

Sold
Apr 12, 2024
$400,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Feb 20, 2024
$400,000
Original listing
Agent: Sherwood & Company Team Office: Compass

Price & Status History

Date Event Price Change
Feb 20, 2024 New Listing Added $400,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$364

Tax History

Year Taxes Assessment
2024 $4,932 $424,400

Financial Details

Annual Property Tax
$4,932
Tax Year 2024
HOA Fee
$294
Monthly
Assessed Value
$424,400

Listing Information

Listing Office Compass
Agent MLS ID TM352103
Office MLS ID AN2383
Listing Data Updated Apr 12, 2024 9:51 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

80 Wharf St # K1, Salem MA 01970 - Photo 1 80 Wharf St # K1, Salem MA 01970 - Photo 2 80 Wharf St # K1, Salem MA 01970 - Photo 3 80 Wharf St # K1, Salem MA 01970 - Photo 4 80 Wharf St # K1, Salem MA 01970 - Photo 5 80 Wharf St # K1, Salem MA 01970 - Photo 6 80 Wharf St # K1, Salem MA 01970 - Photo 7 80 Wharf St # K1, Salem MA 01970 - Photo 8 80 Wharf St # K1, Salem MA 01970 - Photo 9 80 Wharf St # K1, Salem MA 01970 - Photo 10 80 Wharf St # K1, Salem MA 01970 - Photo 11
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