FeaturesBathroom - Full, Dryer Hookup - Electric, Washer Hookup
LevelFirst
40 Essex Street # 1, Salem MA 01970
Salem, MA 01970
$549,900
Est. $3,566/month
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About this home
Welcome to unit 1 at 40 Essex Street! Ideally located just 0.2 miles from vibrant downtown Salem and the Salem Common, this sunny FIRST-FLOOR home offers comfortable, convenient city living. The open-concept layout features TWO BEDROOMS AND TWO FULL BATHROOMS along with beautiful hardwood floors throughout. The well-appointed kitchen boasts granite countertops and stainless steel appliances, while CENTRAL A/C and IN-UNIT LAUNDRY add everyday comfort and convenience. A private entrance with a charming porch provides a welcoming outdoor space to relax. Additional amenities include basement storage, GARAGE PARKING FOR ONE CAR, plus an additional driveway space. PET-FRIENDLY with one dog or cat permitted per unit. A wonderful opportunity to enjoy all that Salem has to offer, right outside your door!
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Recently Sold Nearby
Property History
Market Insights
40%
Price Range
1
Previous Sales
Property Timeline
Showing Instructions Updated
Sep 1, 2026
New showing requirements
Listed for Sale
Sep 1, 2026
$549,900
Original listing
Agent: Merry Fox Team
Office: MerryFox Realty
Previous Transaction - MLS #72345608
Full transaction history available when tracking began
Previously Sold
Jul 20, 2018
$330,000
MLS #72345608
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 09/01/2026 | 👁️ Showing Instructions Updated | - | - | - | New showing requirements |
| 09/01/2026 | 🏠 Listed for Sale | $549,900 | - | - | Original listing |
| 07/20/2018 | 🏷️ Previously Sold | $330,000 | - | - | MLS #72345608 |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $4,718 | $437,700 |
Financial Details
Annual Property Tax
$4,718
Tax Year 2026
HOA Fee
$193
Monthly
Assessed Value
$437,700
Facts & Features
1 Car Garage
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
1870
Living Area
1,153 sq ft
Stories
1
Bedrooms
2
Full Baths
2
Total Rooms
5
Interior
Heating
Central, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Carpet
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Y
Laundry
First Floor, Electric Dryer Hookup
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Porch, Rain Gutters
Pool
None
Spa
None
Fencing
None
Patio/Porch
Porch
Parking
Garage Spaces
1
Has Garage
Yes
Features
Detached, Off Street
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range, For Gas Oven, For Electric Dryer
Financial
Annual Tax
$4,718
Assessed Value
$437,700
HOA & Community
HOA Fee
$193 Monthly
Fee Includes
Water, Sewer, Insurance, Maintenance Structure, Trash, Reserve Funds
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
3
Pets
Yes w/ Restrictions
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Water Heater Replaced 6/2026!! Condo Fee Also Includes Curbside Composting. Hardwood Floors Under Carpeting In Primary Bedroom.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Garden"]
Unit/Building
1
Sq Ft Source
Public Record
Documents
Master Deed, Unit Deed, Rules & Regs, Floor Plans, Association Financial Statements (5)
County
Essex
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1870
Bedrooms
2
Full Bathrooms
2
Living Area
1,153 sq ft
Total Rooms
5
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,153 sq ft above grade
FeaturesFlooring - Hardwood
LevelFirst
FeaturesFlooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances
LevelFirst
FeaturesBathroom - Full
LevelFirst
FeaturesCloset, Flooring - Hardwood
LevelFirst
FeaturesFlooring - Hardwood
LevelFirst
FeaturesBathroom - Full, Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet
LevelFirst
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Wood, Tile, Carpet
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Insulated Windows
Basement:
Y
Laundry:
First Floor, Electric Dryer Hookup
Security:
Construction & Materials
Year Built:
1870
Effective Year (Renovated):
2007
Structure Type:
Garden
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Central, Natural Gas
Heating Zones:
1
Cooling:
Central Air
Cooling Zones:
1
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
Nearby Schools
School District
Salem School District local
B-
School Safety
2024-25
3.6%
Above Average
2.3%
Suspensions
0.8%
In-School
1.3%
Emergency
1.9% below state avg
Elementary Schools
9 schools
The Phoenix School
1.3 mi
Grades PK-08
The Greenhouse School
1.9 mi
Grades PK-08
C+
Bentley Academy Innovation School
0.5 mi
|
#532 of 825
|
Score: 43.7
Improved 179 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.5 mi
107 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.6 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
C+
Saltonstall School
0.8 mi
|
#526 of 825
|
Score: 43.9
Improved 42 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
B+
Bates School
1.3 mi
|
#318 of 825
|
Score: 50.0
Improved 261 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
C
Horace Mann Laboratory School
1.7 mi
|
#653 of 825
|
Score: 38.1
Improved 68 spots from last year
-20.1 below state avg
320 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.8 mi
|
#339 of 825
|
Score: 49.4
Improved 211 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
Middle Schools
1 school
B-
Collins Middle School
1.2 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
High Schools
2 schools
B+
Salem Academy Charter School
0.5 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.8 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students
Diverse
18 sports
• 1,080 athletes
Early College Program
Career Tech Programs
College Ready Curriculum
Strong Athletics
Grades 09-12
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown
Principal & Interest
$0
Property Tax
$393
Homeowners Insurance
$200
HOA Fee
$193/mo
PMI (if <20% down)
$0
Loan Summary
Total of 360 payments
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Total interest paid
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Rate Impact
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Payment Over Time
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.
Location
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Neighborhood
40 Essex Street # 1, 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
Sep 1, 2026 7:23 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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