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48 Essex Street # 6, Salem MA 01970

Salem, MA 01970
$430,000
2
Beds
1
Baths
880
Sq Ft
$489
Price/Sq Ft
1900
Year Built
1
Parking
18
Days on Market
Closed Listed Jun 11, 2025 • MLS# 73389360 Copied! • Updated Jul 29, 2025

Sale Statistics

Sale Overview
Original List Price: $425,000
Final Sale Price: $430,000
Difference: +$5,000 (+1.2%)
Performance Metrics
101.2%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $483
Sale $/sq ft: $489
This property sold for $489 per square foot
Sale Summary

This property sold for 1.2% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$489/sq ft
Area Average
$352/sq ft
Difference
+39.0%

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

About this home

Charming 2-bedroom condo just down the street from Salem Common, The Daniels House, and a block from Historic Derby Street and the Pickering Wharf waterfront. Details such as over 8-foot ceilings, tall windows, pretty hardwood floors, and one off-street parking space make 48 Essex a lovely place to live! Enter into a large, divided front parlor that can be used as living room and dining room and/or home office. The eat-in kitchen features plentiful custom maple cabinets, granite counters, and exposed brick for added character. Both bedrooms are generously sized with ample closet space, and the full bathroom offers classic comfort with tasteful finishes. Enjoy added conveniences like laundry and private storage in the basement, plus a shared common deck on the floor—perfect for relaxing outdoors. A perfect blend of historic charm and modern comfort in one of Salem’s most desirable neighborhoods!

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Recently Sold Nearby

Property History

Market Insights

46.3%
Price Range
20
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Jul 29, 2025
$430,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jun 11, 2025
$425,000
Original listing
Agent: Merry Fox Team Office: MerryFox Realty
Previous Transaction - MLS #72210097
Full transaction history available when tracking began
🏷️
Previously Sold
Oct 2, 2017
$231,000
MLS #72210097

Tax History

Year Taxes Assessment
2025 $4,172 $367,900

Financial Details

Annual Property Tax
$4,172
Tax Year 2025
HOA Fee
$400
Monthly
Assessed Value
$367,900

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 880 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Baseboard
Cooling None
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, In Building
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features Off Street
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $4,172
Assessed Value $367,900

HOA & Community

HOA Fee $400 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities None
Optional Fee Includes None
Owner-Occupied Units 8
Seller Disclosures New Roof 2024. Building Exterior Brick Is Being Repointed (paid By Seller). Exterior Common Area Is Deck On Floor. Laundry Is In Basement. Pets Upon Approval
Possession None
Accepted Financing None
Structure Type ["Garden"]
Unit/Building 6
Sq Ft Source Public Record
Documents Master Deed, Rules & Regs, Floor Plans (3)
County Essex
Total market time (incl. prior listings) 20 days

Property Overview

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

Room Details

Second Floor

Bathroom1
Bathroom - Full
Dining Room
Kitchen
Bedroom2
Living Room
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
Yes

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features:
Windows:
Basement: Y
Laundry: In Basement, In Building
Security: Intercom

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 1983
Structure Type: Garden
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 1
Cooling: None
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: 1
Parking Features: Off Street

Nearby Schools

School information not available for this location.

Location

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Neighborhood

48 Essex Street # 6, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Office Phone 978-808-8064
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Jul 29, 2025 2:31 PM 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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