47 Federal Street, Salem MA 01970
Salem, MA 01970 • Downtown
$549,000
Est. $3,928/month
Estimate assumptions
20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.
Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.
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About this home
Well located 1787 Gambrel office building directly across from courthouse , 1 block to train and parking garage. Currently used as Attorney At Law Office. Huge plus is the off street parking allowing for 2 car tandem parking. The building also has central air and is within moments to banks, restaurants. Very high "in and out" index. BUyers and buyers agent should determine of a change of usage is possible. Motivated seller!
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Recently Sold Nearby
Property History
Property Timeline
Listed for Sale
Oct 6, 2026
$549,000
Original listing
Agent: George Fallon
Office: 1 Percent Realty, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/06/2026 | 🏠 Listed for Sale | $549,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $11,422 | $521,800 |
Financial Details
Annual Property Tax
$11,422
Tax Year 2026
Assessed Value
$521,800
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Single Family Residence
Year Built
1787
Living Area
2,433 sq ft
Lot Size
0.04 acres
Bedrooms
4
Half Baths
2
Total Rooms
8
Interior
Heating
Forced Air
Cooling
Central Air
Flooring
Tile, Vinyl, Carpet
Appliances
None
Fireplace
None
Fireplaces
2
Basement
None
Laundry
None
Features
None
Exterior
Construction
Frame
Architecture
Antique
Roof
Shingle, Wood
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Paved Drive, Off Street, Tandem
Total Spaces
2
Utilities
Electric
Circuit Breakers
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$11,422
Assessed Value
$521,800
HOA & Community
Fee Includes
None
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
Property Currently Used As An Office, Buyers And Buyers Agent Should Determine If A Sf Or Mf(2) Is Allowable
Additional Details
Possession
None
Accepted Financing
None
Structure Type
[]
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
84 days
Property Overview
Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1787
Bedrooms
4
Half Bathrooms
2
Living Area
2,433 sq ft
Total Rooms
8
Floor Layout
Interior Features
Flooring:
Tile, Vinyl, Carpet
Appliances:
Interior Features:
Windows:
Basement:
Laundry:
Security:
Construction & Materials
Style:
Antique
Year Built:
1787
Structure Type:
Exterior Materials:
Frame
Roof:
Shingle, Wood
Foundation:
Irregular
Heating, Cooling & Utilities
Heating:
Forced Air
Heating Zones:
1
Cooling:
Central Air
Cooling Zones:
1
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Paved Drive, Off Street, Tandem
Special Features
Fireplaces:
2
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Marina, Private School, 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
0.7 mi
Grades PK-08
C+
Saltonstall School
0.7 mi
|
#525 of 825
|
Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students
Diverse
Rising School
Diverse Student Body
Strong Attendance
Grades K-05
B-
Carlton School
0.7 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
Middle Schools
3 schools
B-
Collins Middle School
0.7 mi
|
#203 of 352
|
Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students
Diverse
Rising School
Diverse Student Body
Grades 06-08
B+
Village School
2.1 mi
|
#265 of 825
|
Score: 51.8
Dropped 76 spots from last year
-6.4 below state avg
480 students
Less Diverse
Strong Attendance
Grades 04-06
C+
J. Henry Higgins Middle School
2.2 mi
|
#235 of 352
|
Score: 37.4
Improved 10 spots from last year
-20.8 below state avg
1,271 students
Diverse
Grades 06-08
High Schools
3 schools
B+
Salem Academy Charter School
0.7 mi
|
#141 of 346
|
Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students
Diverse
10 sports
• 568 athletes
High Graduation Rate
Rising School
College Ready Curriculum
Grades 06-12
B+
Salem High School
1.4 mi
|
#124 of 346
|
Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 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
1.4 mi
17 sports
• 1,390 athletes
Strong Athletics
Grades 09-12
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Monthly Payment Calculator
Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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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
$952
Homeowners Insurance
$200
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
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Current Rate
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+0.5% Rate
$0/mo
Cost $0/mo
Payment Over Time
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
Downtown
47 Federal Street, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
George Fallon
Listing Office
1 Percent Realty, LLC
Office Phone
978-265-0318
Agent MLS ID
C7308243
Office MLS ID
AN1018
Listing Data Updated
Oct 7, 2026 3:30 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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