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394 Essex St # 3, Salem MA 01970

Salem, MA 01970
$495,000
$479,900
Est. $3,221/month
2
Beds
1
Baths
1,279
Sq Ft
$375
Price/Sq Ft
1980
Year Built
2
Parking
82
Days on Market
Active Price Drop -$15,100 Listed Apr 28, 2026 • MLS# 73508628 Copied! • Updated Jun 27, 2026

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

4
Price Changes
3.1%
Price Range

Property Timeline

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

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
Features Off Street, Assigned
Total Spaces 2
Electric 220 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range
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
Down Payment Resource Eligible
Seller Disclosures None
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) 60 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
1
Living Area
1,279 sq ft
Total Rooms
5
Stories
3
Entry Level
1

Room Details

First Floor

Kitchen
Living Room

Second Floor

Bathroom1
Bedroom2
Master Bedroom

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

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 information not available for this location.

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 $380
Homeowners Insurance $200
HOA Fee $215/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.

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 Jun 27, 2026 3:05 AM 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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