16-18 Phelps Street # 1, Salem MA 01970

Salem, MA 01970

$499,000

Beds

Baths

860

Sq Ft

$580

Price/Sq Ft

0.20

Acres

1920

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Mar 17, 2026 • MLS# 73486755 Copied! • Updated Jun 3, 2026

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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

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 35 similar properties sold within 0.5 miles in the last 90 days

This Property

$580/sq ft

Area Median

$435/sq ft

Difference

+33.4%

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.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

Price Changes

Price Range

Property Timeline

📝

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

$509,000

Original listing

Agent: Kathy Culkin Office: Coldwell Banker Realty - Marblehead

Date	Event	Price	Change	$/sqft	Details
05/07/2026	📝 Contingency Update	-	-	-	Pending P&S
05/02/2026	📋 Status: Active under contract	-	-	-	Active → Active Under Contract
05/01/2026	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
04/16/2026	↓ Price Reduced	$499,000	$10,000	-	From $509,000 to $499,000 (-2.0%)
04/15/2026	👁️ Showing Instructions Updated	-	-	-	New showing requirements
03/23/2026	👁️ Showing Instructions Updated	-	-	-	New showing requirements
03/17/2026	🏠 Listed for Sale	$509,000	-	-	Original listing

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

Parking

Features Tandem

Total Spaces 2

Utilities

Electric None

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

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

MA Disclosures

Seller Disclosures Membrane Roof. Second Bedroom Is Virtually Staged. Seller Used As Office Previously.

Additional Details

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

Sold

Year Built

1920

Bedrooms

Full Bathrooms

Living Area

860 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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 Agent Kathy Culkin

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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Steve Novak Real Estate

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mail@steve-novak.com

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