LevelSecond
394 Essex St # 3, Salem MA 01970
Salem, MA 01970
$495,000
$470,000
Est. $3,171/month
About this home
Looking for a stylish townhouse in the heart of historic Salem? This charming 2-bedroom, 1-bath home is set back from the street for added privacy while still keeping you close to everything the city has to offer. Inside, you’ll find the convenience of in-unit laundry and a comfortable, functional layout. Step outside to your own private yard—perfect for gardening, summer BBQs, or giving your pets a place to roam. The home is located less than a mile from the train, making commuting a breeze. Enjoy an unbeatable location just minutes from downtown Salem, the MBTA Commuter Rail, parks, local universities, and the scenic shoreline. With easy access to public transportation and nearby shopping, this property offers the perfect blend of urban convenience and neighborhood charm. Additional highlights include two off-street parking spaces and updated utilities. Sellers have a place to go! Makes for an easy closing!!
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Recently Sold Nearby
Property History
Market Insights
5
Price Changes
5.1%
Price Range
Property Timeline
Pending Sale
Aug 7, 2026
Offer accepted, sale pending
Price Reduced
Jul 22, 2026
$470,000
$9,900
(-2.06%)
From $479,900 to $470,000 (-2.1%)
Price Reduced
Jun 23, 2026
$479,900
$4,100
(-0.85%)
From $484,000 to $479,900 (-0.8%)
Price Reduced
Jun 14, 2026
$484,000
$1,000
(-0.21%)
From $485,000 to $484,000 (-0.2%)
Price Reduced
Jun 2, 2026
$485,000
$4,000
(-0.82%)
From $489,000 to $485,000 (-0.8%)
Price Reduced
May 15, 2026
$489,000
$6,000
(-1.21%)
From $495,000 to $489,000 (-1.2%)
Listed for Sale
Apr 28, 2026
$495,000
Original listing
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/07/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/22/2026 | ↓ Price Reduced | $470,000 | $9,900 | - | From $479,900 to $470,000 (-2.1%) |
| 06/23/2026 | ↓ Price Reduced | $479,900 | $4,100 | - | From $484,000 to $479,900 (-0.8%) |
| 06/14/2026 | ↓ Price Reduced | $484,000 | $1,000 | - | From $485,000 to $484,000 (-0.2%) |
| 06/02/2026 | ↓ Price Reduced | $485,000 | $4,000 | - | From $489,000 to $485,000 (-0.8%) |
| 05/15/2026 | ↓ Price Reduced | $489,000 | $6,000 | - | From $495,000 to $489,000 (-1.2%) |
| 04/28/2026 | 🏠 Listed for Sale | $495,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,558 | $402,000 |
Financial Details
Annual Property Tax
$4,558
Tax Year 2025
HOA Fee
$215
Per month
Assessed Value
$402,000
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1980
Living Area
1,279 sq ft
Bedrooms
2
Full Baths
1
Total Rooms
5
Interior
Heating
Electric Baseboard, Electric
Cooling
Window Unit(s), Wall Unit(s)
Flooring
None
Appliances
Range
Fireplace
None
Fireplaces
2
Basement
Y
Laundry
In Basement, In Building
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
Deck, Deck - Wood, Patio
Pool
None
Spa
None
Fencing
None
Patio/Porch
Deck, Deck - Wood, Patio
Parking
Features
Off Street, Assigned
Total Spaces
2
Utilities
Electric
220 Volts, Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Electric Range
Financial
Annual Tax
$4,558
Assessed Value
$402,000
HOA & Community
HOA Fee
$215
Fee Includes
Water, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Amenities
None
Optional Fee Includes
None
MA Disclosures
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["Townhouse"]
Unit/Building
3
Sq Ft Source
Field Card
Documents
None
County
Essex
Total market time (incl. prior listings)
101 days
Property Overview
Property Type
Condominium
Listing Type
Sale Pending
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,279 sq ft
Total Rooms
5
Stories
3
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Finished Area
801 sq ft above grade
478 sq ft below grade
LevelSecond
LevelSecond
LevelFirst
LevelFirst
Display Options
Outdoor Areas
Patio & porchDeck, Deck - Wood, Patio
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:
Appliances:
Range
Interior Features:
Windows:
Basement:
Y
Laundry:
In Basement, In Building
Security:
Construction & Materials
Year Built:
1980
Structure Type:
Townhouse
Exterior Materials:
Roof:
Foundation:
Stories:
3
Heating, Cooling & Utilities
Heating:
Electric Baseboard, Electric
Cooling:
Window Unit(s), Wall Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Deck, Deck - Wood, Patio
Patio & Porch:
Deck, Deck - Wood, Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Off Street, Assigned
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Conservation Area, House of Worship, Public School, T-Station, University
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
3 schools
The Phoenix School
0.3 mi
Grades PK-08
B-
Saltonstall School
0.8 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
Witchcraft Heights School
0.8 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
Middle Schools
3 schools
C+
Collins Middle School
0.3 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
C+
J. Henry Higgins Middle School
1.9 mi
|
#240 of 352
|
Score: 37.2
Improved 5 spots from last year
-21 below state avg
1,320 students
Diverse
Grades 06-08
B+
Village School
2.2 mi
|
#253 of 824
|
Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students
Moderate
Grades 04-06
High Schools
3 schools
B+
Salem Academy Charter School
1.0 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
1.0 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
Bishop Fenwick High School
1.5 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
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Loan Amount
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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
$380
Homeowners Insurance
$200
HOA Fee
$215/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
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Location
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Neighborhood
394 Essex St # 3, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
William McClory
Listing Office
Dream Seekers Realty, LLC
Office Phone
978-615-7300
Agent MLS ID
NB110799
Office MLS ID
AN6790
Listing Data Updated
Aug 7, 2026 2:10 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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