48 Balcomb Street, Salem MA 01970

Salem, MA 01970
$784,000
Est. $4,173/month
2
Beds
2
Baths
2,336
Sq Ft
$336
Price/Sq Ft
0.06
Acres
1900
Year Built
2 Family - 2 Units Up/Down
Type
5
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73328476

About this home

Meticulously maintained, owner occupied 2 family home conveniently located in Salem near the Peabody line. Unit 1-Enter to a spacious living room with lots of natural sunlight, a dining room, a bedroom with two closets, an extra-large eat in kitchen with access to the rear yard and a full bath. 1st floor boasts hardwood flooring in 3 rooms & vinyl flooring in the kitchen. Unit 2 is multi level-. the 1st level has a front hall, a large living room, a dining room, a bedroom (currently an office), and a full bath. The 2nd floor offers two oversized bedrooms each with their own staircase & large closet. Wall-to-wall carpeting on both levels and vinyl flooring in the kitchen. There is a fenced yard with a large storage shed. Interior and exterior access to the basement that hosts washer & dryer hook ups. Updated Electrical, Hot Water Tanks, Oil Tanks and Windows. Parking for 3 cars in the driveway. Minutes to the commuter rail, downtown Salem, restaurants & shops as well as major routes.

Sale Statistics

Sale Overview
Original List Price: $749,900
Final Sale Price: $784,000
Difference: +$34,100 (+4.5%)
Performance Metrics
104.5%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $321
Sale $/sq ft: $336
This property sold for $336 per square foot
Sale Summary

This property sold for 4.5% 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.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
2,336 sq ft
Total Rooms
10
Stories
3
Levels
3

Interior Features

Flooring
Tile, Vinyl, Carpet, Hardwood, Wood
Heating
Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Range, Microwave, Refrigerator, None
Interior Features
Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Living Room, Dining Room, Kitchen
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Concrete, Unfinished
Window Features
Insulated Windows
Door Features
Insulated Doors

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Foundation Area
99,999 sq ft
Exterior Features
Rain Gutters
Patio/Porch Features
Porch
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.06 acres
Lot Size
2,801 sq ft
Lot Size Area
0.0600
Lot Features
Level
Road Surface Type
Paved
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive, Off Street, Tandem, Driveway

Utilities & Systems

Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,501
Tax Year
2024
Tax Assessed Value
$559,500
Tax Lot
0228
Tax Map Number
17
Parcel Number
2129642
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Sellers have not lived in home for many years. Buyer and buyer agent to perform their own due diligence. 2nd floor tenant has occupied unit for over 30 years, realizes that their rent is below market and may consider remainng if the updated rent were workable.
Exclusions
1 Washer And 1 Dryer In Basement As Well As Refrigerator And Storve On Second Floor

Location

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Neighborhood

48 Balcomb Street, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $542
Homeowners Insurance $200
PMI $0

Property History

Market Insights

4.3%
Price Range
6
Total Days on Market

Property Timeline

Sold
Mar 7, 2025
$784,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jan 22, 2025
$749,900
Original listing
Agent: Maria Salzillo Office: J. Barrett & Company

Price & Status History

Date Event Price Change
Jan 22, 2025 New Listing Added $749,900

Market Statistics

Days on Market
5 days
Price per Sq Ft
$336

Tax History

Year Taxes Assessment
2024 $6,501 $559,500

Financial Details

Annual Property Tax
$6,501
Tax Year 2024
Assessed Value
$559,500

Listing Information

Listing Agent Maria Salzillo
Listing Office J. Barrett & Company
Agent MLS ID C9501327
Office MLS ID AC2087

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