Active Under Contract
8 Days on market
40 Essex Street #1 Salem — Photo 1 of 28

40 Essex Street #1 Salem — Photo 1 of 28

$549,900

40 Essex Street #1, Salem, MA 01970

Salem, MA 01970

Beds

2

Baths

2

SqFt

1,153

Style

Condominium

Built

1870

Too good to be true????? Ideally located just 0.2 miles from vibrant downtown Salem and the Salem Common, this sunny FIRST-FLOOR home offers comfortable, convenient city living. The open-concept layout features TWO BEDROOMS AND TWO FULL BATHROOMS along with beautiful hardwood floors throughout. The well-appointed kitchen boasts granite countertops and stainless steel appliances, while CENTRAL A/C and IN-UNIT LAUNDRY add everyday comfort and convenience. A private entrance with a charming porch provides a welcoming outdoor space. Additional amenities include basement storage, GARAGE PARKING FOR ONE CAR, plus an additional driveway space. PET-FRIENDLY with one dog or cat permitted per unit. A wonderful opportunity to enjoy all that Salem has to offer, right outside your door!

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$477/sqft
Local Avg (Salem)$442/sqft
8% AboveMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Salem, MA.

Property Details

Financials

Original Price$549,900
Annual Taxes$4,718
HOA Fee$192.5

Parking

Garage1
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Carpet
BasementY

Climate & Utilities

HeatingCentral, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR2

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Tennis Court(s) • Park • Walk/Jog Trails • Medical Facility

Geography

Floorplan Breakdown

Structural Layout

First
Living RoomDining RoomKitchenMaster BedroomBedroom 2Bathroom 1Bathroom 2
Living Room
Lvl First

Flooring - Hardwood

Dining Room
Lvl First

Flooring - Hardwood

Kitchen
Lvl First

Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Open Floorplan, Stainless Steel Appliances

Master Bedroom
Lvl First

Bathroom - Full, Bathroom - 3/4, Closet, Flooring - Wall to Wall Carpet

Bedroom 2
Lvl First
Bathroom 1
Lvl First

Bathroom - Full, Dryer Hookup - Electric, Washer Hookup

Bathroom 2
Lvl First

Bathroom - Full

Population

44,738

U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)

Median Household Income

$85K

U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)

Renter-Occupied Homes

50.4%

U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)

New Construction Permits — Essex County

992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jun '26)

Full Salem, MA market report ZIP 01970 market data
Listing Provided By

Listing Agent: Merry Fox Team

Listing Office: MerryFox Realty

MLS® Number: 73570783

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