20 Central Street # 402, Salem MA 01970

Salem, MA 01970 • Downtown
$599,000
Est. $4,226/month
2
Beds
2
Baths
1,395
Sq Ft
$429
Price/Sq Ft
0.00
Acres
1980
Year Built
209
Days on Market
Pending Price Drop -$150,000 Listed Apr 9, 2025 • MLS# 73357554 Copied!

About this home

What sets this Salem condo apart begins with the deeded underground garage parking with direct interior access and elevator service—a rare and valuable convenience in the heart of downtown. From this prime location, you’re steps from Salem’s best restaurants, museums, shops, and entertainment, while enjoying the privacy and ease of a secure building. The unit itself is perfectly positioned to capture unobstructed views of historic Derby Square and the Old Town Hall—protected landmarks that guarantee the vistas will remain timeless. Large windows and two private decks invite natural light and frame these one-of-a-kind views, offering an urban backdrop unlike any other in Salem. Add in thoughtful updates, modern comforts, and the unmatched combination of garage parking and elevator access, and you have a residence that balances convenience, character, and lasting value in one of New England’s most celebrated cities.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
2
Living Area
1,395 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,395 sq ft
Lot Size 0.0000
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Air Source Heat Pumps (ashp)
Cooling Air Source Heat Pumps (ashp)
Flooring Wood, Tile, Carpet, Flooring - Hardwood
Appliances Oven, Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Building, In Unit, Electric Dryer Hookup, Washer Hookup
Features Walk-in Closet(s), Lighting - Pendant, Entrance Foyer

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Courtyard, Balcony, City View(s)
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street, Deeded
Total Spaces 1

Utilities

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

Financial

Annual Tax $5,453
Assessed Value $480,900

Interior Features

Flooring: Wood, Tile, Carpet, Flooring - Hardwood
Appliances: Oven, Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer
Interior Features: Walk-In Closet(s), Lighting - Pendant, Entrance Foyer
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Building, In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1980
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Air Source Heat Pumps (ASHP)
Heating Zones: 1
Cooling: Air Source Heat Pumps (ASHP)
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Courtyard, Balcony, City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Off Street, Deeded

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Park, Golf, Medical Facility, Highway Access, House of Worship, Public School, T-Station, University

Location

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Neighborhood

Downtown

20 Central Street # 402, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

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 $454
Homeowners Insurance $200
HOA Fee $543/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

Property Timeline

🏠
Listed for Sale
Apr 9, 2025
$599,000
Original listing
Agent: Amanda Armstrong Group Office: Compass

Price & Status History

Date Event Price Change
Apr 9, 2025 New Listing Added $599,000

Market Statistics

Days on Market
209 days
Price per Sq Ft
$429
Total Price Drop
-$150,000

Tax History

Year Taxes Assessment
2025 $5,453 $480,900

Financial Details

Annual Property Tax
$5,453
Tax Year 2025
HOA Fee
$543
Monthly
Assessed Value
$480,900

Listing Information

Listing Agent Amanda Armstrong Group
Listing Office Compass
Agent MLS ID TM337166
Office MLS ID AN6818
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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