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162 Federal St # 2, Salem MA 01970

Salem, MA 01970
$700,000
Est. $3,726/month
3
Beds
2.5
Baths
2,048
Sq Ft
$342
Price/Sq Ft
0.62
Acres
1900
Year Built
Condominium
Type
26
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73218351

About this home

Open House SAT4/6 & SUN 4/7. Located in the heart of Salem's coveted McIntire District and Winner of the prestigious Tsongas award for historic restoration in 2018. This large modern 3+ bed 2.5 bath is a townhouse style unit. First floor unit in elevatored wheelchair accessible building. Tiled baths, stainless appliances, Original character with Soaring ceilings and oversized windows. sun-splashed Eat-in Kitchen & living rooms. Gleaming Hardwood floors. Laundry in unit. 2 Large primary bedrooms both with en-suite bath & large W-I closets. Walk-out Lower level has 2 additional large bedrooms, bath & home office. Entire building features new plumbing, electrical, kitchen & baths, heat & central a/c. Exterior features common patio space, entrances on both Federal & Bridge Streets for convenience to downtown & commuting routes. Pet friendly association. 2 on-site parking spaces. A very walkable 1/2 mile to the Commuter Rail & easy access to Downtown Salem amenities & thriving culture.

Sale Statistics

Sale Overview
Original List Price: $679,900
Final Sale Price: $700,000
Difference: +$20,100 (+3.0%)
Performance Metrics
103.0%
List to Sale Ratio
Sold above asking price
26
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $332
Sale $/sq ft: $342
This property sold for $342 per square foot
Sale Summary

This property sold for 3.0% above the original asking price, indicating strong buyer demand.

With only 26 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
1900
Bedrooms
3
Full Bathrooms
2
Half Bathrooms
1
Living Area
2,048 sq ft
Total Rooms
6
Stories
2
Entry Level
1

Interior Features

Flooring
Tile, Hardwood, Flooring - Wall to Wall Carpet
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Plumbed For Ice Maker
Interior Features
Recessed Lighting, Home Office
Laundry Features
In Unit, Gas Dryer Hookup, Washer Hookup
Basement Details
Y
Window Features
Insulated Windows
Door Features
Insulated Doors
Accessibility Features
Accessible Entrance

Exterior & Structure

Construction Materials
Frame
Roof
Shingle, Slate, Rubber
Exterior Features
Patio, City View(s), Garden, Professional Landscaping
Patio/Porch Features
Patio
Has Spa
No
View
City
Has View
Yes
Waterfront Features
Ocean, River, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.62 acres
Lot Size
27,029 sq ft
Lot Size Area
0.6200

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Assigned, Driveway, Paved, Exclusive Parking

Utilities & Systems

Utilities Available
for Gas Range, for Gas Dryer, Washer Hookup, Icemaker Connection
Water Source
Public
Sewer
Public Sewer
Electric
220 Volts, Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, T-Station, University
HOA Fee
$390
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,900
Tax Year
2024
Tax Assessed Value
$680,000
Parcel Number
M:26 L:0096,2132220
Zoning
R2

Additional Details

Year Built Source
Owner
Year Built Details
Approximate,Certified Historic,Renovated Since
Disclosures
Seller is licensed real estate broker. Taxes and assessment are estimates. Final GLA is TBD by engineer

Location

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Neighborhood

162 Federal St # 2, 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 $658
Homeowners Insurance $200
HOA Fee $390
PMI $0

Property History

Market Insights

2.9%
Price Range
28
Total Days on Market

Property Timeline

✓
Sold
Jul 16, 2024
$700,000
Property sold
Days on Market: 28
🏠
Listed for Sale
Apr 2, 2024
$679,900
Original listing
Agent: Michael Becker Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Apr 2, 2024 New Listing Added $679,900 —

Market Statistics

Days on Market
26 days
Price per Sq Ft
$342

Tax History

Year Taxes Assessment
2024 $7,900 $680,000

Financial Details

Annual Property Tax
$7,900
Tax Year 2024
HOA Fee
$390
Monthly
Assessed Value
$680,000

Listing Information

Listing Agent Michael Becker
Listing Office Atlantic Coast Homes,Inc
Agent MLS ID BB809482
Office MLS ID AC1991

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