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16-18 Phelps Street # 1, Salem MA 01970

Salem, MA 01970
$499,000
2
Beds
2
Baths
860
Sq Ft
$580
Price/Sq Ft
0.20
Acres
1920
Year Built
2
Parking
56
Days on Market
Closed Listed Mar 17, 2026 • MLS# 73486755 Copied! • Updated Jun 3, 2026

Sale Statistics

Sale Overview
Original List Price: $509,000
Final Sale Price: $499,000
Difference: $10,000 (-2.0%)
Performance Metrics
98.0%
List to Sale Ratio
Sold below asking price
56
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $592
Sale $/sq ft: $580
This property sold for $580 per square foot
Sale Summary

This property sold for 2.0% below the original asking price.

The property spent 56 days on market before selling.

Nearby Sales Comparison

Based on 10 similar properties sold within 0.5 miles in the last 90 days

This Property
$580/sq ft
Area Average
$151/sq ft
Difference
+284.5%

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

About this home

OPEN HOUSE CANCELLED! OFFER ACCEPTED. Tucked on the edge of the highly desirable McIntire Historic District, one of Salem’s most picturesque neighborhoods, this beautifully renovated condominium is set on a peaceful dead-end street. Completely updated in 2021, the thoughtfully designed interior features an updated kitchen, two bedrooms, two full baths, including a private primary bath and in-unit laundry. Contemporary finishes in both the kitchen and baths complement the home’s character, while updated systems and central air conditioning provide comfort and efficiency. An open layout creates an inviting atmosphere ideal for both everyday living and entertaining. Additional highlights include two deeded parking spaces, access to a shared backyard and newly installed stone patio—perfect for enjoying outdoor gatherings.

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Recently Sold Nearby

Property History

Market Insights

1
Price Changes
2%
Price Range
57
Total Days on Market

Property Timeline

Sold
Jun 3, 2026
$499,000
Property sold
Days on Market: 57
📝
Contingency Update
May 7, 2026
Pending P&S
📋
Status: Active under contract
May 2, 2026
Active → Active Under Contract
Pending Sale
May 1, 2026
Offer accepted, sale pending
Price Reduced
Apr 16, 2026
$499,000 $10,000 (-1.96%)
From $509,000 to $499,000 (-2.0%)
👁️
Showing Instructions Updated
Apr 15, 2026
New showing requirements
👁️
Showing Instructions Updated
Mar 23, 2026
New showing requirements
🏠
Listed for Sale
Mar 17, 2026
$499,000
Original listing
Agent: Kathy Culkin Office: Coldwell Banker Realty - Marblehead
🏠
Listed for Sale
Mar 17, 2026
$509,000
Original listing
Agent: Kathy Culkin Office: Coldwell Banker Realty - Marblehead

Tax History

Year Taxes Assessment
2026 $5,328 $490,300

Financial Details

Annual Property Tax
$5,328
Tax Year 2026
HOA Fee
$240
Monthly
Assessed Value
$490,300

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 860 sq ft
Lot Size 0.20 acres
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Natural Gas
Cooling Central Air
Flooring Tile, Hardwood
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Other
Features Porch, Fenced Yard, Garden
Pool None
Spa None
Fencing Fenced
Patio/Porch Porch
Features Tandem
Total Spaces 2
Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup
Annual Tax $5,328
Assessed Value $490,300

HOA & Community

HOA Fee $240 Monthly
Fee Includes Water, Insurance
Amenities None
Optional Fee Includes None
Owner-Occupied Units 3
Pets Yes
Seller Disclosures Membrane Roof. Second Bedroom Is Virtually Staged. Seller Used As Office Previously.
Possession None
Accepted Financing Contract
Structure Type ["2\/3 Family"]
Unit/Building 16-1
Sq Ft Source Master Deed
Documents Master Deed, Unit Deed (2)
County Essex
Total market time (incl. prior listings) 57 days

Property Overview

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

Room Details

First Floor

Bathroom1
Bathroom - Full
Dining Room
Flooring - Hardwood, Open Floorplan
Kitchen
Flooring - Hardwood, Dining Area, Kitchen Island, Recessed Lighting, Stainless Steel Appliances
Bathroom2
Bathroom - Full
Bedroom2
Flooring - Hardwood
Living Room
Flooring - Hardwood, Open Floorplan, Recessed Lighting
Master Bedroom
Bathroom - Full, Flooring - Hardwood

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom3
Office
Family Room
Master Bathroom
Yes

Interior Features

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

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2021
Structure Type: 2/3 Family
Exterior Materials: Frame
Roof: Other
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Fenced Yard, Garden
Patio & Porch: Porch
Fencing: Fenced
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Tandem

Nearby Schools

School information not available for this location.

Location

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Neighborhood

16-18 Phelps Street # 1, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Office Coldwell Banker Realty - Marblehead
Office Phone 781-631-9511
Agent MLS ID CN221686
Office MLS ID AN6221
Listing Data Updated Jun 3, 2026 7:54 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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Market Analytics for Salem, MA

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16-18 Phelps Street # 1, Salem MA 01970 - Photo 1 16-18 Phelps Street # 1, Salem MA 01970 - Photo 2 16-18 Phelps Street # 1, Salem MA 01970 - Photo 3 16-18 Phelps Street # 1, Salem MA 01970 - Photo 4 16-18 Phelps Street # 1, Salem MA 01970 - Photo 5 16-18 Phelps Street # 1, Salem MA 01970 - Photo 6 16-18 Phelps Street # 1, Salem MA 01970 - Photo 7 16-18 Phelps Street # 1, Salem MA 01970 - Photo 8 16-18 Phelps Street # 1, Salem MA 01970 - Photo 9 16-18 Phelps Street # 1, Salem MA 01970 - Photo 10 16-18 Phelps Street # 1, Salem MA 01970 - Photo 11 16-18 Phelps Street # 1, Salem MA 01970 - Photo 12 16-18 Phelps Street # 1, Salem MA 01970 - Photo 13 16-18 Phelps Street # 1, Salem MA 01970 - Photo 14 16-18 Phelps Street # 1, Salem MA 01970 - Photo 15 16-18 Phelps Street # 1, Salem MA 01970 - Photo 16 16-18 Phelps Street # 1, Salem MA 01970 - Photo 17 16-18 Phelps Street # 1, Salem MA 01970 - Photo 18 16-18 Phelps Street # 1, Salem MA 01970 - Photo 19 16-18 Phelps Street # 1, Salem MA 01970 - Photo 20 16-18 Phelps Street # 1, Salem MA 01970 - Photo 21 16-18 Phelps Street # 1, Salem MA 01970 - Photo 22
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