42 School St # 2, Salem MA 01970
Salem, MA 01970
$595,000
$580,000
Est. $3,817/month
Open House Schedule
09
Aug
Sunday, August 9
11:00 AM - 12:00 PM EDT
About this home
Nestled in Salem, this multi-level Unit at 40-42 School St offers the perfect balance of modern amenities and enduring character. This sun-filled home features an open-concept kitchen with quartz countertops, custom cabinetry, stainless steel appliances, and a spacious island ideal for entertaining. The layout flows seamlessly into a dedicated dining area and inviting living space with hardwood floors throughout. The home offers generously sized bedrooms, a stylishly updated bathroom with tiled shower, and a versatile top-floor bonus space perfect for a home office or flex use. Additional highlights include in-unit laundry, flexible floorplan, and thoughtful design throughout along with storage area in basement. Conveniently located near downtown, shops, restaurants, and major routes. Salem commuter rail station with direct access to Boston—perfect for commuters or anyone looking for convenience.—this is a turnkey opportunity you don’t want to miss.
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
2.5%
Price Range
Property Timeline
Price Reduced
Aug 4, 2026
$580,000
$5,000
(-0.85%)
From $585,000 to $580,000 (-0.8%)
Price Reduced
Jul 9, 2026
$585,000
$10,000
(-1.68%)
From $595,000 to $585,000 (-1.7%)
Listed for Sale
Jun 2, 2026
$595,000
Original listing
Agent: The Movement Group
Office: Compass
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/04/2026 | ↓ Price Reduced | $580,000 | $5,000 | - | From $585,000 to $580,000 (-0.8%) |
| 07/09/2026 | ↓ Price Reduced | $585,000 | $10,000 | - | From $595,000 to $585,000 (-1.7%) |
| 06/02/2026 | 🏠 Listed for Sale | $595,000 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2026 | $5,912 | $548,400 |
Financial Details
Annual Property Tax
$5,912
Tax Year 2026
HOA Fee
$192
Monthly
Assessed Value
$548,400
Facts & Features
Central AC
Home Facts
Type
Residential
Style
Condominium
Year Built
1880
Living Area
1,644 sq ft
Lot Size
0.08 acres
Bedrooms
2
Full Baths
2
Total Rooms
7
Interior
Heating
Forced Air, Natural Gas
Cooling
Central Air
Flooring
Tile, Carpet, Hardwood
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Fireplaces
1
Basement
Y
Laundry
In Unit
Features
None
Exterior
Construction
None
Architecture
None
Roof
None
Features
None
Pool
None
Spa
None
Fencing
None
Patio/Porch
None
Parking
Features
Off Street, Tandem
Total Spaces
2
Utilities
Electric
None
Water
Public
Sewer
Public Sewer
Gas
None
Other
None
Financial
Annual Tax
$5,912
Assessed Value
$548,400
HOA & Community
HOA Fee
$192 Monthly
Fee Includes
Water, Sewer, Insurance
Amenities
None
Optional Fee Includes
None
Down Payment Resource
Eligible
Pets
Yes w/ Restrictions
MA Disclosures
Seller Disclosures
Water And Master Insurance; Both Shared With Other Owner Split By % Of Ownership. Snow Removal Paid For Out Of Pocket Based On % Of Ownership. Additional Storage In Basement. Photos Were Taken Prior To Current Occupancy And May Not Reflect Present Presentation. Fireplace Is Electric.
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["2\/3 Family"]
Unit/Building
2
Sq Ft Source
Public Record
Documents
None
County
Essex
Total market time (incl. prior listings)
67 days
Property Overview
Property Type
Condominium
Listing Type
For Sale
Year Built
1880
Bedrooms
2
Full Bathrooms
2
Living Area
1,644 sq ft
Total Rooms
7
Stories
2
Entry Level
2
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,644 sq ft above grade
Display Options
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Carpet, Hardwood
Appliances:
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement:
Y
Laundry:
In Unit
Security:
Construction & Materials
Year Built:
1880
Effective Year (Renovated):
2023
Structure Type:
2/3 Family
Exterior Materials:
Roof:
Foundation:
Stories:
2
Heating, Cooling & Utilities
Heating:
Forced Air, Natural Gas
Cooling:
Central Air
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
Special Features
Fireplaces:
1
Fireplace Type:
Community Amenities:
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, House of Worship, Public School, T-Station, University
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
Elementary Schools
9 schools
The Phoenix School
0.5 mi
Grades PK-08
The Greenhouse School
2.2 mi
Grades PK-08
B+
Bates School
0.5 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
B-
Carlton School
0.8 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
Witchcraft Heights School
1.1 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
B-
Saltonstall School
1.2 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
C+
Bentley Academy Innovation School
1.3 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
1.3 mi
106 students
Diverse
Diverse Student Body
Grades PK
C-
Horace Mann Laboratory School
1.4 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
Middle Schools
1 school
C+
Collins Middle School
0.9 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
High Schools
2 schools
B+
Salem Academy Charter School
1.3 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
1.5 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 Breakdown
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Property Tax
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Homeowners Insurance
$200
HOA Fee
$192/mo
PMI (if <20% down)
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95% Interest
Year 15
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Location
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Neighborhood
42 School St # 2, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
The Movement Group
Listing Office
Compass
Office Phone
617-206-3333
Agent MLS ID
TM331585
Office MLS ID
AN2383
Listing Data Updated
Aug 8, 2026 3:05 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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