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92 Essex Street # 1, Salem MA 01970

Salem, MA 01970
$385,000
Est. $2,706/month
1
Beds
1
Baths
836
Sq Ft
$461
Price/Sq Ft
0.11
Acres
1850
Year Built
44
Days on Market
Closed Listed Dec 10, 2024 • MLS# 73318880 Copied!

About this home

Located in the heart of downtown Salem adjacent to Salem Common and the historic Hawthorne Hotel, this oversized 1-bedroom condo combines thoughtful details with inviting spaces. Featuring 9-foot ceilings, abundant natural light, and beautifully maintained hardwood floors with subtle inlay designs, the home has a warm and refined feel. The versatile kitchen/dining area is large enough to accommodate a sitting space, home office, or creative nook. The bedroom is bright and generously sized, creating a welcoming retreat. Detailed woodwork around the windows and doorways adds understated character throughout the unit. Additional highlights include exclusive use of the in-building washer/dryer, a locked storage area, and deeded garage parking. Enjoy low condo fees and the vibrant lifestyle Salem offers, with dining, shops, and waterfront attractions just outside your door. Don’t miss this perfect alternative to a single-family home!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1850
Bedrooms
1
Full Bathrooms
1
Living Area
836 sq ft
Total Rooms
3
Stories
1
Entry Level
1
Main Level Bedrooms
1

Sale Statistics

Sale Overview
Original List Price: $415,000
Final Sale Price: $385,000
Difference: $30,000 (-7.2%)
Performance Metrics
92.8%
List to Sale Ratio
Sold below asking price
44
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $496
Sale $/sq ft: $461
This property sold for $461 per square foot
Sale Summary

This property sold for 7.2% below the original asking price.

The property spent 44 days on market before selling.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$461/sq ft
Area Average
$530/sq ft
Difference
13.0%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1850
Living Area 836 sq ft
Lot Size 0.11 acres
Bedrooms 1
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile
Appliances Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood
Fireplace None
Basement Y
Laundry Electric Dryer Hookup, Washer Hookup, Lighting - Overhead, In Basement, In Building
Features None

Exterior

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

Parking

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

Utilities

Electric 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,662
Assessed Value $401,200

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range Hood
Interior Features:
Windows:
Basement: Y
Laundry: Electric Dryer Hookup, Washer Hookup, Lighting - Overhead, In Basement, In Building
Security:

Construction & Materials

Year Built: 1850
Structure Type: Half-Duplex, Low-Rise
Exterior Materials: Frame
Roof: Slate
Foundation:
Stories: 1

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

Parking & Garage

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

Location

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Neighborhood

92 Essex Street # 1, 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

3 schools
C+
Bentley Academy Innovation School
0.6 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
0.6 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
0.6 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
M

Middle Schools

2 schools
C+
Collins Middle School
1.0 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
B+
Village School
1.7 mi | #253 of 824 | Score: 52.3
Dropped 64 spots from last year
-5.9 below state avg
529 students Moderate
Grades 04-06
H

High Schools

3 schools
B+
Salem Academy Charter School
0.4 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
1.6 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
Bishop Fenwick High School
1.8 mi
17 sports • 1,390 athletes
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 $389
Homeowners Insurance $200
HOA Fee $171/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

3.5%
Price Range
46
Total Days on Market

Property Timeline

Sold
Apr 4, 2025
$385,000
Property sold
Days on Market: 46
🏠
Listed for Sale
Dec 10, 2024
$399,000
Original listing
Agent: The Pizzo Group Office: Aluxety

Price & Status History

Date Event Price Change
Dec 10, 2024 New Listing Added $399,000

Market Statistics

Days on Market
44 days
Price per Sq Ft
$461

Tax History

Year Taxes Assessment
2024 $4,662 $401,200

Financial Details

Annual Property Tax
$4,662
Tax Year 2024
HOA Fee
$171
Monthly
Assessed Value
$401,200

Listing Information

Listing Office Aluxety
Agent MLS ID TM319354
Office MLS ID AN8387
Listing Data Updated Apr 4, 2025 4:03 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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