88 Congress St # 4, Salem MA 01970

Salem, MA 01970
$295,000
Est. $1,570/month
2
Beds
1
Baths
771
Sq Ft
$383
Price/Sq Ft
0.10
Acres
1920
Year Built
Condominium
Type
22
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73233621

About this home

Welcome Home to your beautiful two Bedroom, one Bath Condo. Within walking distance to the historic downtown Salem, beautiful Derby Wharf and Salem state University. The unit has (1) off-street parking spot located behind the building. A neighborhood Bodega and Laundromat are also conveniently located immediately across the street from the building. The building’s Core Electrical system was upgraded less than (3) years ago (July, 2021) to 400 Amp service. The unit’s Boiler Furnace was upgraded less than (5) years ago (Oct, 2019) to 63 MBH. The building’s roofing was totally replaced just over (6) years ago (March, 2018) including 100% Ice & Water Barrier coverage. Open house: Saturday, May 11th from 10am till 11:30pm. Sunday, May 12th from 11:30am till 1pm.

Sale Statistics

Sale Overview
Original List Price: $275,000
Final Sale Price: $295,000
Difference: +$20,000 (+7.3%)
Performance Metrics
107.3%
List to Sale Ratio
Sold above asking price
22
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $357
Sale $/sq ft: $383
This property sold for $383 per square foot
Sale Summary

This property sold for 7.3% above the original asking price, indicating strong buyer demand.

With only 22 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
1920
Bedrooms
2
Full Bathrooms
1
Living Area
771 sq ft
Total Rooms
4
Stories
3
Entry Level
2

Interior Features

Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Refrigerator
Basement Details
Y
Accessibility Features
No

Exterior & Structure

Has Spa
No
Waterfront Features
Bay, Ocean, Walk to, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,469 sq ft
Lot Size Area
0.1000

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

HOA Fee
$189
HOA Fee Frequency
Monthly
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$2,331
Tax Year
2024
Tax Assessed Value
$200,600
Parcel Number
M:34 L:0217 S:804,4421209
Zoning
R3

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Condo Being sold AS-IS. Unit will be delivered broom swept. Unit has an exclusive Deeded Deck, which needs repairs or total replacement.

Location

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Neighborhood

88 Congress St # 4, 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 $194
Homeowners Insurance $200
HOA Fee $189
PMI $0

Property History

Market Insights

6.8%
Price Range
24
Total Days on Market

Property Timeline

Sold
Jun 28, 2024
$295,000
Property sold
Days on Market: 24
🏠
Listed for Sale
May 6, 2024
$275,000
Original listing
Agent: Nezihe Hewson Office: Mariano Smith & Co.

Price & Status History

Date Event Price Change
May 6, 2024 New Listing Added $275,000

Market Statistics

Days on Market
22 days
Price per Sq Ft
$383

Tax History

Year Taxes Assessment
2024 $2,331 $200,600

Financial Details

Annual Property Tax
$2,331
Tax Year 2024
HOA Fee
$189
Monthly
Assessed Value
$200,600

Listing Information

Listing Agent Nezihe Hewson
Listing Office Mariano Smith & Co.
Agent MLS ID CN243240
Office MLS ID AN2652

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