116 Federal St # 2, Salem MA 01970

Salem, MA 01970
$420,000
Est. $2,235/month
1
Beds
1
Baths
885
Sq Ft
$475
Price/Sq Ft
1782
Year Built
Condominium
Type
23
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73380089

About this home

116 Federal St Unit 2 delivers an unparalleled living experience rich in character nested in the historical McIntire District of Salem. The home comes fully furnished and includes dishes and small appliances. This home has been lovingly cared for to include refinish original wide board floors, newer individual furnace and water heater (less than 4 yrs old) and living room decorative custom restored fireplace , turnkey fully furnished! Features of this condominium, 11 ft ceilings, turnkey and furnished, 2 decorative fireplaces, original wide board floors and the convenience of in unit laundry. The library is also a flex space for added sleeping. Beautiful grounds are stunning with perennial beds and plantings to bring beauty throughout the season. Deeded off street parking for 2 vehicles. Walking distance to train to Boston, Salem commons, two blocks to the Ropes Public Garden, restaurants, waterfront and so mush more that Salem has to offer

Sale Statistics

Sale Overview
Original List Price: $425,000
Final Sale Price: $420,000
Difference: $5,000 (-1.2%)
Performance Metrics
98.8%
List to Sale Ratio
Sold below asking price
23
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $480
Sale $/sq ft: $475
This property sold for $475 per square foot
Sale Summary

This property sold for 1.2% below the original asking price.

With only 23 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1782
Bedrooms
1
Full Bathrooms
1
Living Area
885 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Interior Features

Flooring
Wood
Heating
Baseboard, Oil, Individual
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Fireplace Features
Kitchen, Living Room
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Dishwasher, Refrigerator, Washer, Dryer
Interior Features
Library
Laundry Features
In Unit
Basement Details
Y

Exterior & Structure

Construction Materials
Frame
Roof
Shingle, Rubber
Exterior Features
Patio, Garden, Rain Gutters, Professional Landscaping
Patio/Porch Features
Patio
Has Spa
No
Waterfront Features
Ocean, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Off Street, Tandem, Deeded

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
110 Volts

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, T-Station
HOA Fee
$267
HOA Fee Frequency
Monthly
Association Amenities
Storage, Garden Area
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,238
Tax Year
2025
Tax Assessed Value
$461,900
Parcel Number
2132868
Zoning
R

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
Yes
Disclosures
Unit will trade furnished with the exception of the chair in MB and small hutch in LR.

Location

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Neighborhood

116 Federal St # 2, 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 $437
Homeowners Insurance $200
HOA Fee $267
PMI $0

Property History

Market Insights

1.2%
Price Range
24
Total Days on Market

Property Timeline

Sold
Jul 15, 2025
$420,000
Property sold
Days on Market: 24
🏠
Listed for Sale
May 27, 2025
$425,000
Original listing
Agent: Susan Kelsey Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
May 27, 2025 New Listing Added $425,000

Market Statistics

Days on Market
23 days
Price per Sq Ft
$475

Tax History

Year Taxes Assessment
2025 $5,238 $461,900

Financial Details

Annual Property Tax
$5,238
Tax Year 2025
HOA Fee
$267
Monthly
Assessed Value
$461,900

Listing Information

Listing Agent Susan Kelsey
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID CN226953
Office MLS ID AN6219

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