8 Union St # 1, Salem MA 01970

Salem, MA 01970 • Downtown

$571,000

Beds

Baths

1,047

Sq Ft

$545

Price/Sq Ft

0.23

Acres

1900

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Mar 18, 2026 • MLS# 73488091 Copied! • Updated Apr 28, 2026

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Sale Statistics

Sale Overview

Original List Price: $520,000

                            Final Sale Price:
                            $571,000
                        

Difference: +$51,000 (+9.8%)

Performance Metrics

109.8%

List to Sale Ratio

Sold above asking price

Days on Market

Very fast sale

Price per Square Foot Analysis

Original $/sq ft: $497

                            Sale $/sq ft:
                            $545
                        

This property sold for $545 per square foot

Sale Summary

This property sold for 9.8% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 43 similar properties sold within 0.5 miles in the last 90 days

This Property

$545/sq ft

Area Median

$476/sq ft

Difference

+14.4%

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

About this home

Rare opportunity to own in "Union Square Condominium," where historic charm meets modern luxury. This architectural gem features stunning exposed brick, wide pine floors and soaring beamed ceilings. The open-concept living, dining, and kitchen areas are ideal for everyday living and entertaining. The tastefully remodeled kitchen offers white cabinetry, quartz countertops, island and stainless appliances. Both bedrooms are spacious and the oversized full bath is accessible from the main bedroom and living area. The guest bedroom offers an adjacent room with a window, perfect for a home office. Enjoy the convenient in-unit laundry, dedicated walk-in basement storage and a common outdoor area for grilling. With a 98 Walk Score and perfectly situated between Salem Common and the waterfront, and in close proximity to the Peabody Essex Museum, vibrant shops, dining, Commuter Rail and Ferry, and including off-street and resident permit parking, welcome home to the heart of historic Salem!

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

8.9%

Price Range

Total Days on Market

Property Timeline

✓

Sold

Apr 28, 2026

$571,000

Property sold

Days on Market: 6

⏳

Pending Sale

Mar 24, 2026

Offer accepted, sale pending

🏠

Listed for Sale

Mar 18, 2026

$520,000

Original listing

Agent: Shari McStay Office: Keller Williams Realty Evolution

🏠

Listed for Sale

Mar 18, 2026

$520,000

Original listing

Agent: Shari McStay Office: Keller Williams Realty Evolution

Date	Event	Price	Change	$/sqft	Details
04/28/2026	✓ Sold	$571,000	-	-	Property sold
03/24/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
03/18/2026	🏠 Listed for Sale	$520,000	-	-	Original listing
03/18/2026	🏠 Listed for Sale	$520,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2026	$5,443	$504,900

Financial Details

Annual Property Tax

$5,443

Tax Year 2026

HOA Fee

$378

Monthly

Assessed Value

$504,900

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1900

Living Area 1,047 sq ft

Lot Size 0.23 acres

Bedrooms 2

Full Baths 1

Total Rooms 4

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Wood, Tile

Appliances None

Fireplace Living Room, Bedroom

Fireplaces 2

Basement Y

Laundry Electric Dryer Hookup, Washer Hookup, First Floor, In Building

Features Storage

Exterior

Construction Brick

Architecture None

Roof None

Features Rain Gutters

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Exclusive Parking

Total Spaces 1

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range

Financial

Annual Tax $5,443

Assessed Value $504,900

HOA & Community

HOA Fee $378 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities None

Optional Fee Includes None

Owner-Occupied Units 9

Pets Yes

MA Disclosures

Seller Disclosures The Two Fireplaces Are Decorative. Washing Machine And Dryer (2026), Water Heater (2023), Kitchen Remodel (2020), Heating System And Air Conditioning (2009).

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building 1

Sq Ft Source Public Record

Sq Ft Disclosures All measurements are approximate.

Documents Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)

County Essex

Total market time (incl. prior listings) 6 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

1,047 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile

Appliances:

Interior Features: Storage

Windows:

Basement: Y

Laundry: Electric Dryer Hookup, Washer Hookup, First Floor, In Building

Security:

Construction & Materials

Year Built: 1900

Effective Year (Renovated): 2009

Structure Type: Garden

Exterior Materials: Brick

Roof:

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas

Heating Zones: 1

Cooling: Central Air

Hot Water:

Water Source: Public

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Rain Gutters

Patio & Porch:

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Exclusive Parking

Special Features

Fireplaces: 2

Fireplace Type: Living Room, Bedroom

Community Amenities: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Medical Facility, Private School, Public School, T-Station, University

Nearby Schools

School information not available for this location.

Location

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Neighborhood

Downtown

8 Union St # 1, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Shari McStay

Listing Office Keller Williams Realty Evolution

Office Phone 978-927-8700

Agent MLS ID CT002370

Office MLS ID C95098

Listing Data Updated Apr 28, 2026 9:28 PM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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