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324-328 Essex St # 2, Salem MA 01970

Salem, MA 01970
$985,000
Est. $6,560/month
2
Beds
2.5
Baths
1,946
Sq Ft
$506
Price/Sq Ft
0.54
Acres
1818
Year Built
29
Days on Market
Closed Listed Jul 16, 2024 • MLS# 73265514 Copied!

About this home

Grand 2 BR 2 ½ bath duplex located in the historic 1818 Loring-Emmerton House in Salem’s McIntire District. This mansion, elegantly subdivided into 4 condos, gets its name from the diplomat & statesman, George P Loring and the great philanthropist & preservationist Caroline Emmerton, under whose leadership the House of Seven Gables museum was established. Large & beautifully proportioned rooms with windows running the length of the front façade on two floors, suffusing the space with abundant natural light. On the living level, the sense of tradition remains with all the fabulous detail intact, but interpreted in a modern way with a house-scaled kitchen and an open flow across the whole floor. Upstairs are 2 large bedrooms, each with its own spa-like bath, & conveniently located laundry. Above is a real bonus, a skylight lit finished attic which could be an office or a studio/art space. 2 car parking , lovely shared outdoor space, and moments to downtown Salem and the train station.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1818
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,946 sq ft
Total Rooms
4
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $985,000
Final Sale Price: $985,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $506
Sale $/sq ft: $506
This property sold for $506 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 29 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$506/sq ft
Area Average
$341/sq ft
Difference
+48.5%

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 1818
Living Area 1,946 sq ft
Lot Size 0.54 acres
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Marble
Appliances Range, Disposal, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 1
Basement Y
Laundry In Unit
Features None

Exterior

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

Parking

Features None
Total Spaces 2

Utilities

Electric 110 Volts, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $9,011
Assessed Value $775,500

Interior Features

Flooring: Wood, Marble
Appliances: Range, Disposal, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry: In Unit
Security:

Construction & Materials

Year Built: 1818
Effective Year (Renovated): 2005
Structure Type: Townhouse
Exterior Materials:
Roof:
Foundation:
Stories: 2

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: 2
Parking Features:

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Location

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Neighborhood

324-328 Essex St # 2, 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 $751
Homeowners Insurance $200
HOA Fee $628/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

30
Total Days on Market

Property Timeline

Sold
Sep 18, 2024
$985,000
Property sold
Days on Market: 30
🏠
Listed for Sale
Jul 16, 2024
$985,000
Original listing
Agent: Michael Selbst Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Jul 16, 2024 New Listing Added $985,000

Market Statistics

Days on Market
29 days
Price per Sq Ft
$506

Tax History

Year Taxes Assessment
2024 $9,011 $775,500

Financial Details

Annual Property Tax
$9,011
Tax Year 2024
HOA Fee
$628
Monthly
Assessed Value
$775,500

Listing Information

Listing Agent Michael Selbst
Listing Office Gibson Sotheby's International Realty
Agent MLS ID BB804690
Office MLS ID AN6133
Listing Data Updated Sep 18, 2024 10:43 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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