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8 Union Street # 3, Salem MA 01970

Salem, MA 01970
$585,000
2
Beds
1
Baths
1,451
Sq Ft
$403
Price/Sq Ft
1900
Year Built
2
Parking
41
Days on Market
Closed Listed Oct 2, 2024 • MLS# 73297320 Copied! • Updated Dec 11, 2024

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $585,000
Difference: $14,000 (-2.3%)
Performance Metrics
97.7%
List to Sale Ratio
Sold below asking price
41
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $413
Sale $/sq ft: $403
This property sold for $403 per square foot
Sale Summary

This property sold for 2.3% below the original asking price.

The property spent 41 days on market before selling.

Nearby Sales Comparison

Based on 16 similar properties sold within 0.5 miles in the last 90 days

This Property
$403/sq ft
Area Average
$316/sq ft
Difference
+27.7%

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

About this home

TWO CAR PARKING! Awesome PENTHOUSE unit in the heart of Salem. Two story unit with open loft showcasing a perfect mix of old and new with cathedral beamed ceilings, original wood floors, brick walls, original fireplaces (aesthetic only) blended with modern updates including central air, in-unit laundry, open floor plan, well equipped kitchen with island. Two bedrooms on first level, updated full bath. Spacious loft could be used as bedroom, home office, or playroom. Shared outdoor area included. Unit has been freshly painted inside. Centrally located near everything Salem has to offer, minutes from shopping, dining, downtown, Salem Commons, Pickering Wharf, and 5 minutes to commuter rail.

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Recently Sold Nearby

Property History

Market Insights

35.9%
Price Range
42
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Dec 11, 2024
$585,000
Property sold
Days on Market: 42
🏠
Listed for Sale
Oct 2, 2024
$585,000
Original listing
Agent: Pam Spiros Office: Coldwell Banker Realty - Beverly
Previous Transaction - MLS #72072521
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 21, 2016
$374,990
MLS #72072521

Tax History

Year Taxes Assessment
2024 $5,618 $483,500

Financial Details

Annual Property Tax
$5,618
Tax Year 2024
HOA Fee
$373
Monthly
Assessed Value
$483,500

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,451 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace Dining Room
Fireplaces 2
Basement Y
Laundry First Floor, In Unit, Washer Hookup
Features Beamed Ceilings, Closet, Loft

Exterior

Construction Brick, Post & Beam
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street, Tandem, Deeded
Total Spaces 2
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup
Annual Tax $5,618
Assessed Value $483,500

HOA & Community

HOA Fee $373 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 10
Seller Disclosures Fireplaces Aesthetic Only
Possession None
Accepted Financing None
Structure Type ["Townhouse"]
Unit/Building 3
Sq Ft Source Public Record
Documents Master Deed (1)
County Essex
Total market time (incl. prior listings) 42 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,451 sq ft
Total Rooms
5
Stories
2
Entry Level
3

Room Details

First Floor

Bathroom1
8 x 8
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Dining Room
12 x 14
Beamed Ceilings, Flooring - Wood
Kitchen
15 x 12
Flooring - Wood, Countertops - Stone/Granite/Solid, Open Floorplan, Stainless Steel Appliances, Gas Stove
Bedroom2
15 x 12
Closet, Flooring - Wood
Living Room
12 x 11
Beamed Ceilings, Closet, Flooring - Wood
Master Bedroom
16 x 12
Beamed Ceilings, Closet, Flooring - Wood

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Beamed Ceilings, Closet, Loft
Windows: Skylight(s)
Basement: Y
Laundry: First Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2009
Structure Type: Townhouse
Exterior Materials: Brick, Post & Beam
Roof: Shingle
Foundation:
Stories: 2

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:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Tandem, Deeded

Special Features

Fireplaces: 2
Fireplace Type: Dining Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails

Nearby Schools

School information not available for this location.

Location

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Neighborhood

8 Union Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Pam Spiros
Listing Office Coldwell Banker Realty - Beverly
Office Phone 978-927-1111
Agent MLS ID C0001796
Office MLS ID AN6191
Listing Data Updated Dec 11, 2024 4:59 PM EST
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

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