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159 Federal St # 2, Salem MA 01970

Salem, MA 01970
$460,000
2
Beds
1
Baths
700
Sq Ft
$657
Price/Sq Ft
1850
Year Built
1
Garage Space
29
Days on Market
Closed Listed Aug 6, 2024 • MLS# 73274167 Copied! • Updated Oct 19, 2024

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 12 similar properties sold within 0.5 miles in the last 90 days

This Property
$657/sq ft
Area Average
$258/sq ft
Difference
+154.2%

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

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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Recently Sold Nearby

Property History

Market Insights

25.5%
Price Range
24
Total Days on Market
1
Previous Sales

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
Previous Transaction - MLS #72538915
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 30, 2019
$350,000
MLS #72538915

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

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
Garage Spaces 1
Has Garage Yes
Features Detached, Deeded, Off Street, Paved, Exclusive Parking
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
Annual Tax $4,711
Assessed Value $405,400

HOA & Community

HOA Fee $177 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Seller Disclosures Pets Are Allowed. Inc/exc Uploaded In Mls. Public Open Houses Are On Thursday 4:30-6pm, Saturday 12-1:30, Sunday 1-2:30. Private Showings Please Email Listing Agents With All Your Information Along With Request.
Exclusions See Uploaded Inc/Exc In Mls
Possession None
Accepted Financing None
Structure Type ["Garden","2\/3 Family"]
Unit/Building 2
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs, Certificate Of Insurance (4)
County Essex
Total market time (incl. prior listings) 24 days

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

Room Details

Second Floor

Bathroom1
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Remodeled
Kitchen
Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
Bedroom2
Closet, Flooring - Wood
Living Room
Flooring - Wood, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant
Master Bedroom
Ceiling Fan(s), Closet, Flooring - Wood

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

159 Federal St # 2, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Gingle-Lerman Realty Group
Listing Office William Raveis R.E. & Home Services
Office Phone 781-631-1199
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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