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40 Chestnut St, Salem MA 01970

Salem, MA 01970 • McIntire Historic District
$2,110,000
Est. $12,613/month
6
Beds
3.5
Baths
6,000
Sq Ft
$352
Price/Sq Ft
0.13
Acres
1850
Year Built
21
Days on Market
Closed Listed Apr 1, 2025 • MLS# 73353104 Copied!

About this home

Grand triple-mint condition single family townhouse on gorgeous Chestnut Street in Salem. Started life in 1845 as a Greek Revival, later updated Colonial Revival details, which has yielded a house with a rarified material quality...fluted pilasters, hand carved mantels, rich paneled wainscotting, mahogany windowsills, and the most delightful old-world butlers pantry. The whole house imparts a sense of enduring and elevated quality. The owners have maintained this home to the highest standards; recent repointing, 2 zone c/ac, recent new roof, custom baths, 4 zone irrigation & exterior lighting, & custom copper gutters, to name a few. The outdoor spaces are artfully designed for beauty, functional and low maintenance. Located at the upper end of Chestnut St, lined with 19th century mansions built during the heyday of Salem’s seafaring trade. Minutes from downtown Salem and the train. This is a rare offering of a turnkey home in a completely intact 19th century New England setting.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1850
Bedrooms
6
Full Bathrooms
3
Half Bathrooms
1
Living Area
6,000 sq ft
Total Rooms
14

Sale Statistics

Sale Overview
Original List Price: $2,250,000
Final Sale Price: $2,110,000
Difference: $140,000 (-6.2%)
Performance Metrics
93.8%
List to Sale Ratio
Sold below asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $375
Sale $/sq ft: $352
This property sold for $352 per square foot
Sale Summary

This property sold for 6.2% below the original asking price.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Central AC

Home Facts

Type Residential
Style Single Family Residence
Year Built 1850
Living Area 6,000 sq ft
Lot Size 0.13 acres
Bedrooms 6
Full Baths 3
Half Baths 1
Total Rooms 14

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Marble
Appliances Tankless Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Fireplaces 8
Basement Full, Partially Finished
Laundry Electric Dryer Hookup, Washer Hookup
Features Central Vacuum, Wet Bar, Walk-up Attic

Exterior

Construction Brick
Architecture Antique, Greek Revival
Roof Shingle
Features Fenced Yard
Pool None
Spa None
Fencing Fenced
Patio/Porch None

Parking

Features Off Street
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $20,930
Assessed Value $1,845,700

Interior Features

Flooring: Wood, Marble
Appliances: Tankless Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features: Central Vacuum, Wet Bar, Walk-up Attic
Windows: Storm Window(s)
Basement: Full, Partially Finished
Laundry: Electric Dryer Hookup, Washer Hookup
Security: Security System

Construction & Materials

Style: Antique, Greek Revival
Year Built: 1850
Structure Type:
Exterior Materials: Brick
Roof: Shingle
Foundation: Granite

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street

Special Features

Fireplaces: 8
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Highway Access, House of Worship, Marina, Public School, T-Station, University

Location

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Neighborhood

McIntire Historic District

40 Chestnut St, Salem MA 01970

Salem, MA 01970

Walkability

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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
E

Elementary Schools

9 schools
The Phoenix School
0.4 mi
Grades PK-08
The Greenhouse School
1.5 mi
Grades PK-08
B-
Saltonstall School
0.7 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
B
Witchcraft Heights School
0.9 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C-
Horace Mann Laboratory School
0.9 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B-
Carlton School
1.1 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.1 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.4 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.4 mi
106 students Diverse
Diverse Student Body
Grades PK
M

Middle Schools

1 school
C+
Collins Middle School
0.3 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.9 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.0 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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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 $1,744
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
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
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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

6.2%
Price Range
22
Total Days on Market

Property Timeline

Current Active Listing - MLS #73501166
Full transaction history available when tracking began
🏡
Currently Listed
Apr 14, 2026
$2,200,000
MLS #73501166 - Active
Sold
May 15, 2025
$2,110,000
Property sold
Days on Market: 22
🏠
Listed for Sale
Apr 1, 2025
$2,250,000
Original listing
Agent: Michael Selbst Office: Gibson Sotheby's International Realty

Price & Status History

Date Event Price Change
Apr 14, 2026 Sold $2,200,000
Apr 1, 2025 New Listing Added $2,250,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$352

Tax History

Year Taxes Assessment
2025 $20,930 $1,845,700

Financial Details

Annual Property Tax
$20,930
Tax Year 2025
Assessed Value
$1,845,700

Listing Information

Listing Agent Michael Selbst
Listing Office Gibson Sotheby's International Realty
Agent MLS ID BB804690
Office MLS ID AN6133
Listing Data Updated May 15, 2025 12:31 PM 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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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

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