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20 Central St # 405, Salem MA 01970

Salem, MA 01970 • Downtown
$569,900
Est. $4,092/month
2
Beds
2
Baths
1,387
Sq Ft
$411
Price/Sq Ft
1980
Year Built
86
Days on Market
Closed Listed Jun 9, 2025 • MLS# 73387704 Copied!

About this home

Welcome to this updated PH unit in the desirable Central Plaza complex located in the heart of downtown Salem. Unit is in close proximity to public trans., MBTA, shops, restaurants, Salem waterfront, inc. the ferry to Boston & all downtown Salem has to offer. Unit features 2 BR with ceiling fans, 2 fully renovated baths w/an open concept kitchen/LR & DR area. Kitchen has a large walk in pantry, granite counter tops and SS appliances. The LR/DR has hardwood floors, wood FP and sliders that open to a balcony. The main BR has a main bath, a lg walk in closet and slider which opens to a 2nd balcony. A lg portion of the unit as well as the 2 balconies were recently painted. The unit also features a newer water heater, newer windows, combination washer/dryer and in unit storage. There is also a storage unit, #31, in the basement and 1 assigned garage parking space #26 easily accessible by elevator. Don't miss this opportunity to enjoy what downtown Salem has to offer!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1980
Bedrooms
2
Full Bathrooms
2
Living Area
1,387 sq ft
Total Rooms
5
Stories
1
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $589,900
Final Sale Price: $569,900
Difference: $20,000 (-3.4%)
Performance Metrics
96.6%
List to Sale Ratio
Sold below asking price
86
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $425
Sale $/sq ft: $411
This property sold for $411 per square foot
Sale Summary

This property sold for 3.4% below the original asking price.

The property spent 86 days on market before selling.

Nearby Sales Comparison

Based on 4 similar properties sold within 0.5 miles in the last 90 days

This Property
$411/sq ft
Area Average
$267/sq ft
Difference
+54.1%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1980
Living Area 1,387 sq ft
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Heat Pump
Cooling Heat Pump
Flooring Tile, Marble, Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/dryer
Fireplace Living Room
Fireplaces 1
Basement N
Laundry First Floor, In Building, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Assigned, Off Street
Total Spaces 1

Utilities

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

Financial

Annual Tax $5,765
Assessed Value $508,400

Interior Features

Flooring: Tile, Marble, Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer/Dryer
Interior Features:
Windows: Insulated Windows
Basement: N
Laundry: First Floor, In Building, In Unit, Electric Dryer Hookup, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1980
Structure Type: Garden
Exterior Materials: Frame
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump
Cooling: Heat Pump
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Under, Assigned, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University

Location

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Neighborhood

Downtown

20 Central St # 405, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

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 $480
Homeowners Insurance $200
HOA Fee $530/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

99.4%
Price Range
87
Total Days on Market

Property Timeline

Current Active Listing - MLS #73473279
Full transaction history available when tracking began
🏡
Currently Listed
Feb 1, 2026
$3,500
MLS #73473279 - Active
Sold
Oct 10, 2025
$569,900
Property sold
Days on Market: 87
🏠
Listed for Sale
Jun 9, 2025
$569,900
Original listing
Agent: Catherine Ratcliffe Office: Homesmart Success Realty

Price & Status History

Date Event Price Change
Feb 20, 2026 Sold $3,500
Jun 9, 2025 New Listing Added $569,900

Market Statistics

Days on Market
86 days
Price per Sq Ft
$411

Tax History

Year Taxes Assessment
2025 $5,765 $508,400

Financial Details

Annual Property Tax
$5,765
Tax Year 2025
HOA Fee
$530
Monthly
Assessed Value
$508,400

Listing Information

Listing Office Homesmart Success Realty
Agent MLS ID CN225924
Office MLS ID AN6978
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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Steven Novak

Steven Novak

BMN Boston Real Estate

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