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140 Washington Street # 1a, Salem MA 01970

Salem, MA 01970
$625,000
Est. $4,034/month
2
Beds
2
Baths
1,109
Sq Ft
$564
Price/Sq Ft
0.03
Acres
1900
Year Built
5
Days on Market
Closed Listed May 15, 2024 • MLS# 73237714 Copied!

About this home

Step into your own piece of Salem's rich history, where the charm of the past meets the conveniences of modern living. Introducing a remarkably unique loft-style condo nestled within a meticulously restored historic building in the heart of downtown Salem. Just seconds away from Salem’s commuter rail, this contemporary condo offers over 1100sqft with a wide open floor plan, two spacious bedrooms and two full baths. The master bedroom offers a broad exposed brick wall, double closets, and its own private bath. Completing the loft is a custom crafted bookshelf above a wide desk, a common full bath, in-unit laundry, and private basement storage. Don't miss this rare opportunity to own a piece of Salem’s history while enjoying the best of modern living. This premier location puts you steps away from Salem’s renowned restaurants, eclectic shops, and cultural attractions allowing you to immerse yourself in the rich history of Salem. Open houses on 5/18 & 5/19. Offers due Monday 5/20 at 5pm.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,109 sq ft
Total Rooms
8
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $615,000
Final Sale Price: $625,000
Difference: +$10,000 (+1.6%)
Performance Metrics
101.6%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $555
Sale $/sq ft: $564
This property sold for $564 per square foot
Sale Summary

This property sold for 1.6% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 22 similar properties sold within 0.5 miles in the last 90 days

This Property
$564/sq ft
Area Average
$364/sq ft
Difference
+54.9%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,109 sq ft
Lot Size 0.03 acres
Bedrooms 2
Full Baths 2
Total Rooms 8

Interior

Heating Forced Air, Wall Furnace
Cooling Central Air
Flooring None
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace None
Basement N
Laundry First Floor, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup, Icemaker Connection

Financial

Annual Tax $5,436
Assessed Value $467,800

Interior Features

Flooring:
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features:
Windows:
Basement: N
Laundry: First Floor, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Structure Type: Low-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Wall Furnace
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
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

Parking Features:

Location

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Neighborhood

140 Washington Street # 1a, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $453
Homeowners Insurance $200
HOA Fee $221/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

1.6%
Price Range
7
Total Days on Market

Property Timeline

Sold
Jun 24, 2024
$625,000
Property sold
Days on Market: 7
🏠
Listed for Sale
May 15, 2024
$615,000
Original listing
Agent: Joshua Green Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
May 15, 2024 New Listing Added $615,000

Market Statistics

Days on Market
5 days
Price per Sq Ft
$564

Tax History

Year Taxes Assessment
2024 $5,436 $467,800

Financial Details

Annual Property Tax
$5,436
Tax Year 2024
HOA Fee
$221
Monthly
Assessed Value
$467,800

Listing Information

Listing Office Keller Williams Realty Evolution
Agent MLS ID CN243512
Office MLS ID C95098
Listing Data Updated Jun 24, 2024 3:18 PM 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

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