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59 Leach St # 2, Salem MA 01970

Salem, MA 01970
$480,000
Est. $3,249/month
4
Beds
1.5
Baths
1,480
Sq Ft
$324
Price/Sq Ft
1920
Year Built
110
Days on Market
Closed Listed Oct 15, 2025 • MLS# 73444026 Copied!

About this home

Incredible Opportunity!! Exceptionally Maintained 4 Bedroom, 1.5 Bathroom Condominium Just Steps From The Ocean and Vibrant Downtown Salem! Perfect For Owner Occupied or Investment, This Spacious Home Combines Historic Charm With Generous Square Footage and a Low Condo Fee! Sun-Filled Living Room Opens to the Formal Dining Room With Built-Ins and Gleaming Hardwood Floors. Large Eat-In Kitchen Features Gas Cooking, Granite Countertops, Stainless Steel Appliances and Ample Cabinetry. Serene Primary Suite With Half Bath. 3 Additional Bedrooms and a Full Tiled Bathroom Complete The Layout, Along With Convenient In-Unit Laundry. Enjoy Your Private Front Deck and The Recently Rebuilt Expansive 30ft Back Deck! 1-Car Garage and 1 Off-Street Parking Space Add Everyday Convenience. Minutes to Salem State University, Forest River Park With a Public Pool, Shops, Dining and More! Experience The Best Of Coastal Living and All That Salem Has To Offer In This Beautiful Home!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
4
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,480 sq ft
Total Rooms
7
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $529,900
Final Sale Price: $480,000
Difference: $49,900 (-9.4%)
Performance Metrics
90.6%
List to Sale Ratio
Sold below asking price
110
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $358
Sale $/sq ft: $324
This property sold for $324 per square foot
Sale Summary

This property sold for 9.4% below the original asking price.

At 110 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$324/sq ft
Area Average
$337/sq ft
Difference
4.0%

This property sold near the area average for similar homes.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 1,480 sq ft
Bedrooms 4
Full Baths 1
Half Baths 1
Total Rooms 7

Interior

Heating Hot Water, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Disposal, Refrigerator
Fireplace None
Basement Y
Laundry Flooring - Hardwood, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Features Internet Available - Broadband

Exterior

Construction Frame
Architecture None
Roof Slate
Features Porch, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Off Street, Paved
Total Spaces 2

Utilities

Electric Circuit Breakers, 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,703
Assessed Value $414,700

Interior Features

Flooring: Tile, Hardwood
Appliances: Range, Dishwasher, Disposal, Refrigerator
Interior Features: Internet Available - Broadband
Windows:
Basement: Y
Laundry: Flooring - Hardwood, Electric Dryer Hookup, Washer Hookup, First Floor, In Unit
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 1985
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Hot Water, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Rain Gutters
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Off Street, Paved

Location

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Neighborhood

59 Leach St # 2, 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 $392
Homeowners Insurance $200
HOA Fee $230/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

Property Timeline

📋
Status: Active under contract
Jan 22, 2026
Active → Active Under Contract
Pending Sale
Jan 20, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Oct 15, 2025
$499,900
Original listing
Agent: Anna Budai-Louf Office: Toner Real Estate, LLC

Price & Status History

Date Event Price Change
Jan 22, 2026 Status: Active under contract $0
Oct 15, 2025 New Listing Added $499,900

Market Statistics

Days on Market
110 days
Price per Sq Ft
$324

Tax History

Year Taxes Assessment
2025 $4,703 $414,700

Financial Details

Annual Property Tax
$4,703
Tax Year 2025
HOA Fee
$230
Monthly
Assessed Value
$414,700

Listing Information

Listing Office Toner Real Estate, LLC
Agent MLS ID CN244762
Office MLS ID AC1714
Listing Data Updated Mar 13, 2026 6:01 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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