98 Margin St, Salem MA 01970

Salem, MA 01970
$980,000
Est. $5,216/month
7
Beds
5
Baths
4,298
Sq Ft
$228
Price/Sq Ft
0.10
Acres
1915
Year Built
4 Family - 4 Units Up/Down
Type
271
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73113390

About this home

Welcome to 98 Margin Street, multi-unit property located in historic Salem. Upon entering the home, you'll be greeted by a grand foyer with high ceilings and beautiful tiled flooring that leads into the first unit’s main living areas. The spacious living room and plenty of natural light, making it the perfect spot to relax and unwind after a long day. The adjacent dining room is ideal for entertaining guests. The large eat-in kitchen has ample counter space and plenty of storage. Each 2 units on the 2nd floor have 1 bedroom, eat-in kitchen, 1 bath, each have bonus room for storage, balcony. The 3rd floor unit has 3 bedrooms, large eat-in kitchen, 1 bath, living room, washer and dryer and balcony. Located in the heart of Salem, this home is just minutes away from shopping, dining, and entertainment options, including the historic Salem waterfront. Don't miss your chance to own this beautiful property in one of the most sought-after communities!Property sold As Is Where Is.

Sale Statistics

Sale Overview
Original List Price: $1,200,000
Final Sale Price: $980,000
Difference: $220,000 (-18.3%)
Performance Metrics
81.7%
List to Sale Ratio
Sold below asking price
271
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $279
Sale $/sq ft: $228
This property sold for $228 per square foot
Sale Summary

This property sold for 18.3% below the original asking price.

At 271 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
4 Family - 4 Units Up/Down
Property Category
Residential Income
Year Built
1915
Bedrooms
7
Full Bathrooms
5
Living Area
4,298 sq ft
Total Rooms
22
Stories
5
Levels
5

Interior Features

Flooring
Tile, Carpet, Laminate, Hardwood, Wood
Heating
Baseboard, Natural Gas, Electric
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Ceiling Fan(s), Storage, Living Room, Dining Room, Kitchen, Living RM/Dining RM Combo
Laundry Features
Washer & Dryer Hookup
Basement Details
Partially Finished

Exterior & Structure

Construction Materials
Frame
Roof
Slate
Foundation
Concrete Perimeter
Exterior Features
Balcony/Deck, Balcony
Patio/Porch Features
Porch, Patio
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,251 sq ft
Lot Size Area
0.1000
Lot Features
Easements
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street, On Street

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Individually Metered

Community & HOA

Community Features
Public Transportation, Shopping, Public School
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$9,437
Tax Year
2023
Tax Assessed Value
$747,900
Parcel Number
2132073
Zoning
R2
Financial Data Source
Other (See Remarks)

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Sellers have not occupied property. Property sold As Is, Where Is; Buyer and Buyer agent must perform own due diligence.

Location

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Neighborhood

98 Margin St, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $786
Homeowners Insurance $200
PMI $0

Property History

Market Insights

18.3%
Price Range
200
Total Days on Market

Property Timeline

Sold
Mar 8, 2024
$980,000
Property sold
Days on Market: 200
🏠
Listed for Sale
May 18, 2023
$1,200,000
Original listing
Agent: Adele Faso Office: Compass

Price & Status History

Date Event Price Change
May 18, 2023 New Listing Added $1,200,000

Market Statistics

Days on Market
271 days
Price per Sq Ft
$228

Tax History

Year Taxes Assessment
2023 $9,437 $747,900

Financial Details

Annual Property Tax
$9,437
Tax Year 2023
Assessed Value
$747,900

Listing Information

Listing Agent Adele Faso
Listing Office Compass
Agent MLS ID CN230037
Office MLS ID AN7000

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