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289 Essex St # 308, Salem MA 01970

Salem, MA 01970
$395,000
Est. $2,896/month
1
Beds
1
Baths
722
Sq Ft
$547
Price/Sq Ft
1987
Year Built
82
Days on Market
Active Price Drop -$40,000 Listed Mar 5, 2026 • MLS# 73483021 Copied!

About this home

This sunny 3rd-floor condo offers effortless downtown living with deeded garage parking, storage, and elevator access. A large picture window fills the home with natural light and overlooks Crombie and Essex Streets. Inside are Sedona Maple floors, Maple cabinetry, granite counters, NEW stainless steel appliances, and central A/C. Step outside to cafés, restaurants, shops, museums, parks, the cinema, and transit options including the Commuter Rail and Salem Ferry. EV charging and additional parking are right outside, and the building is pet-friendly. You’re moments from Salem Common, the Ropes Mansion gardens, and scenic bike paths along the waterfront and through historic neighborhoods. Salem’s coastal lifestyle offers harbor walks, outdoor dining, farmers markets, seasonal festivals, and access to nearby parks and beaches. Residents also enjoy free admission to the Peabody Essex Museum and The House of the Seven Gables.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1987
Bedrooms
1
Full Bathrooms
1
Living Area
722 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1987
Living Area 722 sq ft
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Heat Pump, Electric
Cooling Central Air
Flooring Engineered Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement N
Laundry First Floor, In Building
Features Elevator

Exterior

Construction Brick
Architecture None
Roof Rubber
Features City View(s), Other
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

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

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,223
Assessed Value $372,400

Interior Features

Flooring: Engineered Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Elevator
Windows:
Basement: N
Laundry: First Floor, In Building
Security: Intercom

Construction & Materials

Year Built: 1987
Effective Year (Renovated): 2005
Structure Type: Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Heat Pump, Electric
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: City View(s), Other
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, T-Station, University

Location

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Neighborhood

289 Essex St # 308, 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 $352
Homeowners Insurance $200
HOA Fee $347/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

2
Price Changes
9.2%
Price Range

Property Timeline

Price Reduced
May 12, 2026
$395,000 $24,900 (-5.93%)
From $419,900 to $395,000 (-5.9%)
Price Reduced
Apr 14, 2026
$419,900 $15,100 (-3.47%)
From $435,000 to $419,900 (-3.5%)
Back On Market
Mar 20, 2026
Active
Pending Sale
Mar 13, 2026
Offer accepted, sale pending
🏠
Listed for Sale
Mar 5, 2026
$435,000
Original listing
Agent: Karen L. Ferro Office: StartPoint Realty

Price & Status History

Date Event Price Change
May 12, 2026 Price Changed $395,000 -$24,900
Apr 14, 2026 Price Changed $419,900 -$15,100
Mar 5, 2026 New Listing Added $435,000

Market Statistics

Days on Market
82 days
Price per Sq Ft
$547
Total Price Drop
-$40,000

Tax History

Year Taxes Assessment
2026 $4,223 $372,400

Financial Details

Annual Property Tax
$4,223
Tax Year 2026
HOA Fee
$347
Monthly
Assessed Value
$372,400

Listing Information

Listing Agent Karen L. Ferro
Listing Office StartPoint Realty
Agent MLS ID C8001678
Office MLS ID AN5803
Listing Data Updated May 26, 2026 8:35 AM 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

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