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8 Union Street # 3, Salem MA 01970

Salem, MA 01970
$585,000
Est. $3,999/month
2
Beds
1
Baths
1,451
Sq Ft
$403
Price/Sq Ft
1900
Year Built
41
Days on Market
Closed Listed Oct 2, 2024 • MLS# 73297320 Copied!

About this home

TWO CAR PARKING! Awesome PENTHOUSE unit in the heart of Salem. Two story unit with open loft showcasing a perfect mix of old and new with cathedral beamed ceilings, original wood floors, brick walls, original fireplaces (aesthetic only) blended with modern updates including central air, in-unit laundry, open floor plan, well equipped kitchen with island. Two bedrooms on first level, updated full bath. Spacious loft could be used as bedroom, home office, or playroom. Shared outdoor area included. Unit has been freshly painted inside. Centrally located near everything Salem has to offer, minutes from shopping, dining, downtown, Salem Commons, Pickering Wharf, and 5 minutes to commuter rail.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
1
Living Area
1,451 sq ft
Total Rooms
5
Stories
2
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $599,000
Final Sale Price: $585,000
Difference: $14,000 (-2.3%)
Performance Metrics
97.7%
List to Sale Ratio
Sold below asking price
41
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $413
Sale $/sq ft: $403
This property sold for $403 per square foot
Sale Summary

This property sold for 2.3% below the original asking price.

The property spent 41 days on market before selling.

Nearby Sales Comparison

Based on 18 similar properties sold within 0.5 miles in the last 90 days

This Property
$403/sq ft
Area Average
$358/sq ft
Difference
+12.6%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,451 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 5

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace Dining Room
Fireplaces 2
Basement Y
Laundry First Floor, In Unit, Washer Hookup
Features Beamed Ceilings, Closet, Loft

Exterior

Construction Brick, Post & Beam
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Tandem, Deeded
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup

Financial

Annual Tax $5,618
Assessed Value $483,500

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features: Beamed Ceilings, Closet, Loft
Windows: Skylight(s)
Basement: Y
Laundry: First Floor, In Unit, Washer Hookup
Security:

Construction & Materials

Year Built: 1900
Effective Year (Renovated): 2009
Structure Type: Townhouse
Exterior Materials: Brick, Post & Beam
Roof: Shingle
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, 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:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Tandem, Deeded

Special Features

Fireplaces: 2
Fireplace Type: Dining Room
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails

Location

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Neighborhood

8 Union Street # 3, Salem MA 01970

Salem, MA 01970

Walkability

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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
E

Elementary Schools

9 schools
The Phoenix School
1.0 mi
Grades PK-08
The Greenhouse School
1.7 mi
Grades PK-08
B-
Saltonstall School
0.6 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B-
Carlton School
0.7 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
C+
Bentley Academy Innovation School
0.7 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
0.7 mi
106 students Diverse
Diverse Student Body
Grades PK
B+
Bates School
1.2 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C-
Horace Mann Laboratory School
1.4 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.6 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

1 school
C+
Collins Middle School
1.0 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.4 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.6 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 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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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 $468
Homeowners Insurance $200
HOA Fee $373/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

35.9%
Price Range
42
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Dec 11, 2024
$585,000
Property sold
Days on Market: 42
🏠
Listed for Sale
Oct 2, 2024
$585,000
Original listing
Agent: Pam Spiros Office: Coldwell Banker Realty - Beverly
Previous Transaction - MLS #72072521
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 21, 2016
$374,990
MLS #72072521

Price & Status History

Date Event Price Change
Oct 2, 2024 New Listing Added $585,000
Nov 21, 2016 Sold $374,990

Market Statistics

Days on Market
41 days
Price per Sq Ft
$403

Tax History

Year Taxes Assessment
2024 $5,618 $483,500

Financial Details

Annual Property Tax
$5,618
Tax Year 2024
HOA Fee
$373
Monthly
Assessed Value
$483,500

Listing Information

Listing Agent Pam Spiros
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID C0001796
Office MLS ID AN6191
Listing Data Updated Dec 11, 2024 4:59 PM EST
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

Real-time market trends and pricing data for this area

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