8 Union Street # 3, Salem MA 01970

Salem, MA 01970

$585,000

Beds

Baths

1,451

Sq Ft

$403

Price/Sq Ft

1900

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Oct 2, 2024 • MLS# 73297320 Copied! • Updated Dec 11, 2024

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Sale Statistics

Sale Overview

Original List Price: $599,000

                            Final Sale Price:
                            $585,000
                        

Difference: $14,000 (-2.3%)

Performance Metrics

97.7%

List to Sale Ratio

Sold below asking price

Days on Market

Average time

Price per Square Foot Analysis

Original $/sq ft: $413

                            Sale $/sq ft:
                            $403
                        

This property sold for $403 per square foot

Sale Summary

This property sold for 2.3% below the original asking price.

The property spent 41 days on market before selling.

Nearby Sales Comparison

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

This Property

$403/sq ft

Area Median

$476/sq ft

Difference

15.3%

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

About this home

TWO CAR PARKING! Awesome PENTHOUSE unit in the heart of Salem. Two story unit with open loft showcasing a perfect mix of old and new with cathedral beamed ceilings, original wood floors, brick walls, original fireplaces (aesthetic only) blended with modern updates including central air, in-unit laundry, open floor plan, well equipped kitchen with island. Two bedrooms on first level, updated full bath. Spacious loft could be used as bedroom, home office, or playroom. Shared outdoor area included. Unit has been freshly painted inside. Centrally located near everything Salem has to offer, minutes from shopping, dining, downtown, Salem Commons, Pickering Wharf, and 5 minutes to commuter rail.

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

50.4%

Price Range

Total Days on Market

Previous Sales

Property Timeline

✓

Sold

Dec 11, 2024

$585,000

Property sold

Days on Market: 42

🏠

Listed for Sale

Oct 2, 2024

$585,000

Original listing

Agent: Pam Spiros Office: Coldwell Banker Realty - Beverly

Previous Transaction - MLS #70895704

Full transaction history available when tracking began

🏷️

Previously Sold

Jul 17, 2009

$290,000

MLS #70895704

View Listing →

Date	Event	Price	Change	$/sqft	Details
12/11/2024	✓ Sold	$585,000	-	-	Property sold
10/02/2024	🏠 Listed for Sale	$585,000	-	-	Original listing
07/17/2009	🏷️ Previously Sold	$290,000	-	-	MLS #70895704

Tax History

Year	Taxes	Assessment
2024	$5,618	$483,500

Financial Details

Annual Property Tax

$5,618

Tax Year 2024

HOA Fee

$373

Monthly

Assessed Value

$483,500

Facts & Features

Central AC

Home Facts

Type Residential

Style Condominium

Year Built 1900

Living Area 1,451 sq ft

Bedrooms 2

Full Baths 1

Total Rooms 5

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Flooring Wood, Tile

Appliances Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer

Fireplace Dining Room

Fireplaces 2

Basement Y

Laundry First Floor, In Unit, Washer Hookup

Features Beamed Ceilings, Closet, Loft

Exterior

Construction Brick, Post & Beam

Architecture None

Roof Shingle

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features Off Street, Tandem, Deeded

Total Spaces 2

Utilities

Electric Circuit Breakers

Water Public

Sewer Public Sewer

Gas None

Other For Gas Range, Washer Hookup

Financial

Annual Tax $5,618

Assessed Value $483,500

HOA & Community

HOA Fee $373 Monthly

Fee Includes Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Reserve Funds

Amenities None

Optional Fee Includes None

Owner-Occupied Units 10

MA Disclosures

Seller Disclosures Fireplaces Aesthetic Only

Additional Details

Possession None

Accepted Financing None

Structure Type ["Townhouse"]

Unit/Building 3

Sq Ft Source Public Record

Documents Master Deed (1)

County Essex

Total market time (incl. prior listings) 42 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1900

Bedrooms

Full Bathrooms

Living Area

1,451 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

Interior Features

Flooring: Wood, Tile

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

Interior Features: Beamed Ceilings, Closet, Loft

Windows: Skylight(s)

Basement: Y

Laundry: First Floor, In Unit, Washer Hookup

Security:

Construction & Materials

Year Built: 1900

Effective Year (Renovated): 2009

Structure Type: Townhouse

Exterior Materials: Brick, Post & Beam

Roof: Shingle

Foundation:

Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas

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: Off Street, Tandem, Deeded

Special Features

Fireplaces: 2

Fireplace Type: Dining Room

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

8 Union Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Pam Spiros

Listing Office Coldwell Banker Realty - Beverly

Office Phone 978-927-1111

Agent MLS ID C0001796

Office MLS ID AN6191

Listing Data Updated Dec 11, 2024 4:59 PM EST

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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mail@steve-novak.com

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