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159 Federal St # 2, Salem MA 01970

Salem, MA 01970
$460,000
Est. $3,096/month
2
Beds
1
Baths
700
Sq Ft
$657
Price/Sq Ft
1850
Year Built
29
Days on Market
Closed Listed Aug 6, 2024 • MLS# 73274167 Copied!

About this home

Wonderful two bedroom condo in the McIntire District on Federal St, just a short walk to downtown Salem, has all the desirable features needed in today's lifestyle. Recently renovated kitchen with breakfast bar, stainless appliances including 5 burner gas stove, BI micro, quartz countertops, white cabinetry and farmhouse faucet. Situated on the second floor in the quieter end of Federal St with quick access to Boston St, this wonderful condo with newer Heat and AC, is also pet friendly and has a rare, usable garage with an additional parking space. Low condo fee with all owner occupied units, this one is a must to see. Laundry room and locked storage room in the basement completes this wonderful opportunity to live in Salem with all its restaurants, museums and cultural heritage that makes it so desirable.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1850
Bedrooms
2
Full Bathrooms
1
Living Area
700 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $469,900
Final Sale Price: $460,000
Difference: $9,900 (-2.1%)
Performance Metrics
97.9%
List to Sale Ratio
Sold below asking price
29
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $671
Sale $/sq ft: $657
This property sold for $657 per square foot
Sale Summary

This property sold for 2.1% below the original asking price.

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

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$657/sq ft
Area Average
$422/sq ft
Difference
+55.8%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1850
Living Area 700 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Energy Star Qualified Refrigerator, Energy Star Qualified Dishwasher
Fireplace None
Basement Y
Laundry In Basement, In Building
Features None

Exterior

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

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Deeded, Off Street, Paved, Exclusive Parking
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range

Financial

Annual Tax $4,711
Assessed Value $405,400

Interior Features

Flooring: Wood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
Interior Features:
Windows: Storm Window(s)
Basement: Y
Laundry: In Basement, In Building
Security:

Construction & Materials

Year Built: 1850
Structure Type: Garden, 2/3 Family
Exterior Materials:
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Deeded, Off Street, Paved, Exclusive Parking

Location

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Neighborhood

159 Federal 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 $393
Homeowners Insurance $200
HOA Fee $177/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

2.1%
Price Range
24
Total Days on Market

Property Timeline

Sold
Oct 18, 2024
$460,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Aug 6, 2024
$469,900
Original listing
Agent: Gingle-Lerman Realty Group Office: William Raveis R.E. & Home Services

Price & Status History

Date Event Price Change
Aug 6, 2024 New Listing Added $469,900

Market Statistics

Days on Market
29 days
Price per Sq Ft
$657

Tax History

Year Taxes Assessment
2024 $4,711 $405,400

Financial Details

Annual Property Tax
$4,711
Tax Year 2024
HOA Fee
$177
Monthly
Assessed Value
$405,400

Listing Information

Listing Agent Gingle-Lerman Realty Group
Listing Office William Raveis R.E. & Home Services
Agent MLS ID TM331675
Office MLS ID M95385
Listing Data Updated Oct 19, 2024 10:08 AM 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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