162 Federal St # 7, Salem MA 01970

Salem, MA 01970
$579,000
Est. $3,082/month
2
Beds
2.5
Baths
1,452
Sq Ft
$399
Price/Sq Ft
0.62
Acres
1900
Year Built
Condominium
Type
19
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73223876

About this home

First showing on Friday evening 4/19. Located in the heart of Salem's coveted McIntire District and winner of the prestigious Tsongas award for historic restoration, this stately historic building boasts an impressive checklist Including an elevator and TWO parking spaces per unit. This modern sun-filled 2 bed, 2.5 bath penthouse level townhouse features fabulous views of Salem. Renovated/restored to the studs in 2018 with new plumbing, electrical, kitchen & baths, gas heat & central a/c, Freshly refinished hardwood floors throughout, subway tiled baths, stainless appliances. open concept eat-in kitchen, dining & living area on main level. Primary bedroom with en-suite bath. Convenient in-unit laundry. Exterior features include a common patio space & entrances on both Federal & Bridge Streets for convenience to downtown or routes out of town. Pet friendly association. A very walkable .5 mile to the Commuter Rail & all of downtown Salem's amenities, easy access to area parks & schools

Sale Statistics

Sale Overview
Original List Price: $579,000
Final Sale Price: $579,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $399
Sale $/sq ft: $399
This property sold for $399 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 19 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
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,452 sq ft
Total Rooms
5
Stories
2
Entry Level
3

Interior Features

Flooring
Tile, Hardwood
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
Laundry Features
In Unit, Gas Dryer Hookup, Washer Hookup
Basement Details
N
Window Features
Insulated Windows

Exterior & Structure

Roof
Shingle, Slate, Rubber
Has Spa
No
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, Golf, Medical Facility, Bike Path, Conservation Area, House of Worship, Marina, Public School, T-Station, University
HOA Fee
$340
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,500
Tax Year
2024
Tax Assessed Value
$580,000
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 R E Broker. Assessment and taxes are estimates. Final GLA is TBD by engineer

Location

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Neighborhood

162 Federal St # 7, 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 $542
Homeowners Insurance $200
HOA Fee $340
PMI $0

Property History

Market Insights

21
Total Days on Market

Property Timeline

Sold
Jul 16, 2024
$579,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Apr 15, 2024
$579,000
Original listing
Agent: Michael Becker Office: Atlantic Coast Homes,Inc

Price & Status History

Date Event Price Change
Apr 15, 2024 New Listing Added $579,000

Market Statistics

Days on Market
19 days
Price per Sq Ft
$399

Tax History

Year Taxes Assessment
2024 $6,500 $580,000

Financial Details

Annual Property Tax
$6,500
Tax Year 2024
HOA Fee
$340
Monthly
Assessed Value
$580,000

Listing Information

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

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