5 Mall Street # 1, Salem MA 01970

Salem, MA 01970

$267,000

Beds

Baths

880

Sq Ft

$303

Price/Sq Ft

1844

Year Built

Parking

Condominium

Type

305

Days on Market

Sold Listed Jun 7, 2006 • MLS# 70402573 Copied! • Updated Apr 1, 2025

Track this home for price, status, and open-house alerts.

Sale Statistics

Sale Overview

Original List Price: $309,000

                            Final Sale Price:
                            $267,000
                        

Difference: $42,000 (-13.6%)

Performance Metrics

86.4%

List to Sale Ratio

Sold below asking price

305

Days on Market

Extended listing

Price per Square Foot Analysis

Original $/sq ft: $351

                            Sale $/sq ft:
                            $303
                        

This property sold for $303 per square foot

Sale Summary

This property sold for 13.6% below the original asking price.

At 305 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 50 similar properties sold within 0.5 miles in the last 90 days

This Property

$303/sq ft

Area Median

$476/sq ft

Difference

36.3%

This property sold below the area median, potentially representing good value for the buyer.

About this home

Historic antique condo just steps from Salem Common and the heart of Historic Salem. This 2-unit building is listed with the Salem Historical Society. Bright, airy condo offers an eat-in kitchen, working fireplace, wide pine floors, and private deck with off-street parking. Located just minutes from Salem Harbor, Pickering Wharf, the Peabody-Essex Museum and the commuter rail. Laundry in unit. Full basement with plenty of storage. Pet-friendly complex.

Public Records & Permits

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

99%

Price Range

300

Total Days on Market

Property Timeline

Current Active Listing - MLS #73564115

Full transaction history available when tracking began

🏡

Currently Listed

Aug 15, 2026

$2,650

MLS #73564115 - Active

View Listing →

✓

Sold

May 30, 2007

$267,000

Property sold

Days on Market: 300

🏠

Listed for Sale

Jun 7, 2006

$275,000

Original listing

Agent: Gloria Kelley Office: Cobblestones Real Estate

Date	Event	Price	Change	$/sqft	Details
08/15/2026	🏡 Currently Listed	$2,650	-	-	MLS #73564115 - Active
05/30/2007	✓ Sold	$267,000	-	-	Property sold
06/07/2006	🏠 Listed for Sale	$275,000	-	-	Original listing

Tax History

Year	Taxes	Assessment
2005	$2,545	$223,600

Financial Details

Annual Property Tax

$2,545

Tax Year 2005

HOA Fee

$150

Per month

Assessed Value

$223,600

Facts & Features

Home Facts

Type Residential

Style Condominium

Year Built 1844

Living Area 880 sq ft

Stories 1

Bedrooms 2

Full Baths 1

Total Rooms 5

Interior

Heating Forced Air

Cooling None

Flooring Wood, Vinyl

Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Fireplace Kitchen

Fireplaces 1

Basement Y

Laundry First Floor

Features None

Exterior

Construction Frame

Architecture None

Roof Shingle

Features Deck

Pool None

Spa None

Fencing None

Patio/Porch Deck

Parking

Features Off Street, Assigned, Guest

Total Spaces 1

Utilities

Electric None

Water Public, City/town Water, City/town Sewer

Sewer Public Sewer

Gas None

Other None

Financial

Annual Tax $2,545

Assessed Value $223,600

HOA & Community

HOA Fee $150

Fee Includes Electricity, Water, Sewer, Maintenance Grounds, Snow Removal

Amenities Garden Area

Optional Fee Includes None

Owner-Occupied Units 12

Pets Yes

MA Disclosures

Lead Paint Unknown

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type ["Garden"]

Unit/Building B-1

Sq Ft Source Master Deed

Documents None

County Essex

Total market time (incl. prior listings) 300 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1844

Bedrooms

Full Bathrooms

Living Area

880 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Vinyl

Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer

Interior Features:

Windows:

Basement: Y

Laundry: First Floor

Security:

Construction & Materials

Year Built: 1844

Effective Year (Renovated): 1986

Structure Type: Garden

Exterior Materials: Frame

Roof: Shingle

Foundation:

Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air

Cooling: None

Hot Water:

Water Source: Public, City/Town Water, City/Town Sewer

Sewer: Public Sewer

Energy Features:

Exterior & Lot

Exterior Features: Deck

Patio & Porch: Deck

Fencing:

Other Structures:

Lot Features:

Road Surface:

Parking & Garage

Total Parking Spaces: 1

Parking Features: Off Street, Assigned, Guest

Special Features

Fireplaces: 1

Fireplace Type: Kitchen

Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails

Loading comparison...

Location

Loading map...

Neighborhood

5 Mall Street # 1, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Gloria Kelley

Listing Office Cobblestones Real Estate

Office Phone 781-631-5959

Agent MLS ID C0001253

Office MLS ID C95115

Listing Data Updated Apr 1, 2025 12:24 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate

BMN Boston Powered by SERHANT

mail@steve-novak.com

Ask about this property — free, no obligation.

Loading Overview...