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1 Washington Street # 403, Salem MA 01970

Salem, MA 01970
$560,000
2
Beds
2
Baths
1,285
Sq Ft
$436
Price/Sq Ft
1980
Year Built
1
Parking
25
Days on Market
Closed Listed Sep 2, 2025 • MLS# 73424282 Copied! • Updated Oct 27, 2025

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 15 similar properties sold within 0.5 miles in the last 90 days

This Property
$436/sq ft
Area Average
$332/sq ft
Difference
+31.2%

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

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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Recently Sold Nearby

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

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

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
Features Off Street, Deeded
Total Spaces 1
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $5,029
Assessed Value $443,500

HOA & Community

HOA Fee $430
Fee Includes Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Reserve Funds
Amenities Elevator(s)
Optional Fee Includes None
Seller Disclosures Only One Cat Permitted With Written Consent
Possession None
Accepted Financing None
Structure Type ["Garden","Mid-Rise"]
Unit/Building 403
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 26 days

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

Room Details

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Office
Family Room
Master Bathroom
Yes

Fourth Floor Floor

Bathroom1
Bathroom - Full
Dining Room
Kitchen
Bathroom2
Bathroom - Full
Bedroom2
Living Room
Master Bedroom

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

1 Washington Street # 403, 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 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.

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Douglas Elliman
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