42 Broad Street # 4, Salem MA 01970

Salem, MA 01970
$493,000
Est. $3,414/month
2
Beds
2
Baths
1,060
Sq Ft
$465
Price/Sq Ft
0.00
Acres
1900
Year Built
48
Days on Market
Closed Listed Jan 14, 2025 • MLS# 73325810 Copied!

About this home

This bright spacious two bedroom condo is located on a wide residential boulevard conveniently located within blocks to downtown Salem, the Historic Federal McIntire District, as well as close to the major highways and train station for commuting. Newly installed windows throughout for efficient heat lend to the bright rooms with high ceilings. Two very large bedrooms, the main bedroom with full bath and double closets, in-unit laundry, spacious walk-in entry closet, large living room and eat-in kitchen with sliding doors to a private deck complete this unit. The unit also offers a storage room and two deeded parking spaces in the rear of the property. New Heating system and new hot water heater installed second week of January 2025. Solid HOA and management company make this a rare opportunity for a buyer to have all the amenities Salem has to offer. As a resident, many free passes to museums, sandy beaches and harbor. See Firm Remarks regarding offers.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1900
Bedrooms
2
Full Bathrooms
2
Living Area
1,060 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $499,900
Final Sale Price: $493,000
Difference: $6,900 (-1.4%)
Performance Metrics
98.6%
List to Sale Ratio
Sold below asking price
48
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $472
Sale $/sq ft: $465
This property sold for $465 per square foot
Sale Summary

This property sold for 1.4% below the original asking price.

The property spent 48 days on market before selling.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1900
Living Area 1,060 sq ft
Lot Size 0.0000
Bedrooms 2
Full Baths 2
Total Rooms 4

Interior

Heating Baseboard
Cooling None
Flooring Wood, Vinyl, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Laundry Closet, Second Floor
Features Walk-in Closet(s)

Exterior

Construction None
Architecture None
Roof Slate
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None
Total Spaces 2

Utilities

Electric Circuit Breakers, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,847
Assessed Value $427,400

Interior Features

Flooring: Wood, Vinyl, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Walk-In Closet(s)
Windows: Insulated Windows
Basement: Y
Laundry: Laundry Closet, Second Floor
Security:

Construction & Materials

Year Built: 1900
Structure Type: Mid-Rise
Exterior Materials:
Roof: Slate
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features:

Location

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Neighborhood

42 Broad Street # 4, 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 $404
Homeowners Insurance $200
HOA Fee $317/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

Market Insights

1.4%
Price Range
49
Total Days on Market

Property Timeline

Sold
Mar 25, 2025
$493,000
Property sold
Days on Market: 49
🏠
Listed for Sale
Jan 14, 2025
$499,900
Original listing
Agent: Debra Goldberg Office: William Raveis R.E. & Home Services

Price & Status History

Date Event Price Change
Jan 14, 2025 New Listing Added $499,900

Market Statistics

Days on Market
48 days
Price per Sq Ft
$465

Tax History

Year Taxes Assessment
2025 $4,847 $427,400

Financial Details

Annual Property Tax
$4,847
Tax Year 2025
HOA Fee
$317
Per month
Assessed Value
$427,400

Listing Information

Listing Agent Debra Goldberg
Listing Office William Raveis R.E. & Home Services
Agent MLS ID C4462832
Office MLS ID M95385
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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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