40 Essex St # 2, Salem MA 01970

Salem, MA 01970
$539,000
Est. $3,566/month
2
Beds
2
Baths
1,159
Sq Ft
$465
Price/Sq Ft
0.12
Acres
1870
Year Built
25
Days on Market
Active Price Drop -$10,000 Open House Listed Nov 11, 2025 • MLS# 73453515 Copied!

About this home

Desirable downtown Salem condo in three-unit building with a custom kitchen featuring stainless steel appliances and a granite countertop. Two bedrooms, two bathrooms, in-unit laundry, hardwood floors, and off-street parking with one garage space. The open dining and living room combine to make plenty of entertaining space. New disposal, stove, dishwasher and kitchen faucet in 2025. Pets – ‘one ordinary domestic household cat or dog may be kept by any unit owner’. Venture just 0.4 miles to the Peabody Essex Museum and take advantage of all that awaits in the bustling downtown, featuring dozens of restaurants. Commuting is easy with the Salem train station 0.7 miles away. Stick close to home and enjoy the Salem Common 0.2 miles, Collins Cove or the Derby Wharf both at just 0.3 miles away.

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1870
Bedrooms
2
Full Bathrooms
2
Living Area
1,159 sq ft
Total Rooms
5
Stories
1
Entry Level
2

Open House Schedule

07
Dec
Sunday, December 7
11:30 AM - 1:00 PM EST
06
Dec
Saturday, December 6
11:30 AM - 1:00 PM EST

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Condominium
Year Built 1870
Living Area 1,159 sq ft
Lot Size 0.12 acres
Bedrooms 2
Full Baths 2
Total Rooms 5

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement Y
Laundry Laundry Closet, Main Level, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Patio, Rain Gutters
Pool None
Spa None
Fencing None
Patio/Porch Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Detached, Assigned, Off Street
Total Spaces 2

Utilities

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

Financial

Annual Tax $5,439
Assessed Value $479,600

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Laundry Closet, Main Level, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1870
Effective Year (Renovated): 2008
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas
Heating Zones: 2
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Patio, Rain Gutters
Patio & Porch: Patio
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Detached, Assigned, Off Street

Location

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Neighborhood

40 Essex St # 2, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

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 $453
Homeowners Insurance $200
HOA Fee $187/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

1
Price Changes
1.8%
Price Range

Property Timeline

Price Reduced
Dec 2, 2025
$539,000 $10,000 (-1.82%)
From $549,000 to $539,000 (-1.8%)
🏠
Listed for Sale
Nov 11, 2025
$549,000
Original listing
Office: Coldwell Banker Realty - Beverly

Price & Status History

Date Event Price Change
Dec 2, 2025 Price Changed $539,000 -$10,000
Nov 11, 2025 New Listing Added $549,000

Market Statistics

Days on Market
25 days
Price per Sq Ft
$465
Total Price Drop
-$10,000

Tax History

Year Taxes Assessment
2025 $5,439 $479,600

Financial Details

Annual Property Tax
$5,439
Tax Year 2025
HOA Fee
$187
Monthly
Assessed Value
$479,600

Listing Information

Listing Agent Jonathan Davis
Listing Office Coldwell Banker Realty - Beverly
Agent MLS ID CN207375
Office MLS ID AN6191
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

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