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1 Washington Street # 403, Salem MA 01970

Salem, MA 01970
$560,000
Est. $3,881/month
2
Beds
2
Baths
1,285
Sq Ft
$436
Price/Sq Ft
1980
Year Built
25
Days on Market
Closed Listed Sep 2, 2025 • MLS# 73424282 Copied!

About this home

This Penthouse unit offers peace and tranquility, yet with all the convenience of living in downtown Salem. Overlooking trees and a brick courtyard, you would have no idea that all the sites and sounds of the City are at your doorstep. This exceptional condo features soaring vaulted ceilings that flood the space with natural light and create an airy, expansive atmosphere rarely found in city living. Recently updated kitchen, hardwood flooring, fireplace, in-unit laundry, double primary suite closets including walk-in, additional storage, deeded parking, and new hot water heater are just some of the highlights. The building itself received a facelift with new roof, siding, windows and parking lot reconstruction. Located steps from top dining, shopping, and entertainment, this penthouse offers both luxury and convenience in one of the city's most desirable locations.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
2
Living Area
1,285 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $569,900
Final Sale Price: $560,000
Difference: $9,900 (-1.7%)
Performance Metrics
98.3%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $444
Sale $/sq ft: $436
This property sold for $436 per square foot
Sale Summary

This property sold for 1.7% below the original asking price.

With only 25 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$436/sq ft
Area Average
$344/sq ft
Difference
+26.7%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,285 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Forced Air, Heat Pump, Electric
Cooling Central Air, Heat Pump
Flooring Tile, Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Fireplaces 1
Basement N
Laundry Fourth Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $5,029
Assessed Value $443,500

Interior Features

Flooring: Tile, Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: Fourth Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1980
Structure Type: Garden, Mid-Rise
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, T-Station

Location

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Neighborhood

1 Washington Street # 403, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $419
Homeowners Insurance $200
HOA Fee $430/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

1.7%
Price Range
26
Total Days on Market

Property Timeline

Sold
Oct 27, 2025
$560,000
Property sold
Days on Market: 26
🏠
Listed for Sale
Sep 2, 2025
$569,900
Original listing
Agent: Merry Fox Team Office: MerryFox Realty

Price & Status History

Date Event Price Change
Sep 2, 2025 New Listing Added $569,900

Market Statistics

Days on Market
25 days
Price per Sq Ft
$436

Tax History

Year Taxes Assessment
2025 $5,029 $443,500

Financial Details

Annual Property Tax
$5,029
Tax Year 2025
HOA Fee
$430
Per month
Assessed Value
$443,500

Listing Information

Listing Agent Merry Fox Team
Listing Office MerryFox Realty
Agent MLS ID TEAM0226
Office MLS ID C95279
Listing Data Updated Oct 27, 2025 2:32 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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