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4 Union Street # 3C, Salem MA 01970

Salem, MA 01970
$465,000
1
Beds
1
Baths
947
Sq Ft
$491
Price/Sq Ft
1900
Year Built
21
Days on Market
Closed Listed Feb 19, 2025 • MLS# 73336725 Copied! • Updated May 16, 2025

Sale Statistics

Sale Overview
Original List Price: $389,900
Final Sale Price: $465,000
Difference: +$75,100 (+19.3%)
Performance Metrics
119.3%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $412
Sale $/sq ft: $491
This property sold for $491 per square foot
Sale Summary

This property sold for 19.3% above the original asking price, indicating strong buyer demand.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

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

This Property
$491/sq ft
Area Average
$316/sq ft
Difference
+55.6%

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

About this home

Wow! So close to Salem Common, the Peabody Essex Museum, historic Derby St., 0.6 miles to the Salem Ferry and 0.7 miles to the commuter rail, with a walkability score of 99 /100, this location can’t be beat! Featuring an open floor plan with vaulted ceiling, exposed brick, 2 fireplaces and spacious loft to a private 7' x 7.5' balcony. The sleek red kitchen cabinets and black granite counters provides a trendy vibe. The spacious bedroom leads to the updated full bath. In-unit washer and dryer and dedicated storage space in the basement round out this great property. Low condo fee includes heat & hot water. Pets allowed with approval. Subject to a license to sell. Seller is unable to make any representations or warranties regarding the property. Seller is a fiduciary with obligations to the Protected Person, and the Court. Buyer and Buyer Agent to do their own due diligence. Please include required language with offer and Leading Edge Addendum (see attached).Offers due March 4 at 2PM.

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Recently Sold Nearby

Property History

Market Insights

16.2%
Price Range
23
Total Days on Market

Property Timeline

Sold
May 15, 2025
$465,000
Property sold
Days on Market: 23
🏠
Listed for Sale
Feb 20, 2025
$389,900
Original listing
Agent: The Beaton Team Office: Leading Edge Real Estate

Tax History

Year Taxes Assessment
2025 $3,961 $349,300

Financial Details

Annual Property Tax
$3,961
Tax Year 2025
HOA Fee
$379
Monthly
Assessed Value
$349,300

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 947 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Baseboard
Cooling None
Flooring Wood, Tile, Bamboo
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room, Master Bedroom
Fireplaces 2
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup
Features Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Loft

Exterior

Construction None
Architecture None
Roof None
Features Balcony / Deck, Balcony
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup
Annual Tax $3,961
Assessed Value $349,300

HOA & Community

HOA Fee $379 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure
Amenities Hot Water
Optional Fee Includes None
Seller Disclosures The Loft Space Does Not Have Its Own Heat Source But Benefits Passively From The Heated Main Level. Buyer Should Be Flexible With The Closing Date, And Closing Can Be Scheduled Once The Court Issues The License To Sell.
Possession None
Accepted Financing Contract
Structure Type ["Garden"]
Unit/Building 3C
Sq Ft Source Other
Sq Ft Disclosures Living area includes 676 sq ft on main floor and approximately 271 sq ft of finished loft space
Documents Master Deed, Unit Deed (2)
County Essex
Total market time (incl. prior listings) 23 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
1
Full Bathrooms
1
Living Area
947 sq ft
Total Rooms
4
Stories
2
Entry Level
3

Room Details

First Floor

Kitchen
13 x 12
Flooring - Wood, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Recessed Lighting, Remodeled, Stainless Steel Appliances, Washer Hookup
Living Room
18 x 12
Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Flooring - Wood, Open Floorplan
Master Bedroom
14.5 x 11
Bathroom - Full, Flooring - Wood, Closet - Double

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bedroom2
Bathroom3
Office
Family Room
Master Bathroom
No

Interior Features

Flooring: Wood, Tile, Bamboo
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Ceiling Fan(s), Beamed Ceilings, Vaulted Ceiling(s), Loft
Windows: Skylight(s), Insulated Windows
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 1981
Structure Type: Garden
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Balcony / Deck, Balcony
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Special Features

Fireplaces: 2
Fireplace Type: Living Room, Master Bedroom
Community Amenities: Shopping, Park, Walk/Jog Trails

Nearby Schools

School information not available for this location.

Location

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Neighborhood

4 Union Street # 3C, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent The Beaton Team
Listing Office Leading Edge Real Estate
Office Phone 781-944-6060
Agent MLS ID TEAM0447
Office MLS ID AN4648
Listing Data Updated May 16, 2025 8:21 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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