NOT LISTED FOR SALE

116 Federal St Unit 1 Salem, MA 01970

Estimated Value: $550,000 - $622,000

2 Beds
1 Bath
1,036 Sq Ft
$306/mo HOA Fee

Last Sold September 01, 2023

Last sale price $569,000 $549 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,022/month

6 Days on Market

Highlights

  • Medical Services
  • Property is near public transit
  • Solid Surface Countertops
  • Fireplace in Bedroom
  • Wood Flooring
  • Jogging Path

About This Home

As of September 2023

Welcome to The Leach Nichols House! This McIntire Federal Residence boasts stunning features such as crown moldings, 9’ ceilings, random-board pine floors, hand-cut raw beams, and 16-pane bay-windows. It offers first-floor living with two entrances, one shared with Federal Street, and another private entrance from the unit's yard. The spacious primary bedroom overlooks the gardens and has a walk-in closet. The renovated kitchen/dining area has granite countertops, stainless appliances, and a grand fireplace. The unit also has a large pantry and in-unit basement laundry/storage room. The property includes tandem 2 car parking and breathtaking shared English-style grounds & garden. Ideally located, just two blocks from downtown and the train. The Leach Nichols House (c1782) is blocks from downtown Salem, the commuter-rail & ferry, 1-2 miles from Beverly & Salem Harbors, 8-min drive to RT 1 & 128.

Last Agent to Sell the Property

Emmanuel Paul

Redfin Corp. Listed on: 06/14/2023

Redfin Corp.

Last Buyer's Agent

Nest / Syndi Zaiger Group

Compass

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,894

Year Built

  • Built in 1782 | Remodeled

Lot Details

  • Fenced Yard
  • Fenced

HOA Fees

  • $306 Monthly HOA Fees

Interior Spaces

  • 1,036 Sq Ft Home
  • 1-Story Property
  • Recessed Lighting
  • Decorative Lighting
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal
  • Fireplace in Kitchen

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Fireplace in Bedroom
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub

Laundry

  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 2 Car Parking Spaces
  • Tandem Parking
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Patio
  • Outdoor Storage

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number M:26 L:0592 S:802,2132867

Community Details

Overview

  • Association fees include water, sewer, insurance, ground maintenance, snow removal
  • 5 Units
  • Leach Nichols House Condos Community

Amenities

  • Medical Services
  • Common Area
  • Shops
  • Coin Laundry

Recreation

  • Park
  • Jogging Path

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,894

Year Built

Built in 1782 | Remodeled

Lot Details

0

HOA Fees

$306 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Attached
  • Year Built: 1782
  • Buyer Agency: 2
  • Dual Variable: Yes
  • Entry Level: 1
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood, Tile
  • Fireplace Features: Kitchen, Living Room, Bedroom
  • Fireplace YN: Yes
  • Fireplaces: 3
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Master Bathroom Features: Yes
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
  • Bathroom 1 Level: First
  • Room Kitchen Level: Main,First
  • Room Kitchen Features: Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Exterior Access, Remodeled, Stainless Steel Appliances
  • Laundry Features: In Basement, In Unit
  • Room Living Room Level: First
  • Room Living Room Features: Closet, Flooring - Hardwood, Lighting - Pendant
  • Basement: Y
  • Living Area: 1036
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: NB3534
  • LIST PRICE PER Sq Ft: 448.75
  • PRICE PER Sq Ft: 549.23
  • MAIN SO: AN2383
  • Insulation: Partial

Exterior Features

  • Exterior Features: Patio, Storage, Fenced Yard
  • Fencing: Fenced
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Waterfront Features: Beach Front, Harbor, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Tandem, Deeded
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 306.42
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 1
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: M:26 L:0592 S:802,2132867
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 61
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 4894
  • Tax Book Number: 37922

Multi Family

  • Number Of Units Total: 5
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2023
Sold by
Macallister Scott A
Bought by
Macallister Rt and Macallister
Current Estimated Value
$588,615

Purchase Details

Listed on
Aug 6, 2019
Closed on
Oct 2, 2019
Sold by
Glick Melanie B and Glick Steven A
Bought by
Karjane Heather and Kasuli Kris
Seller's Agent
Merry Fox Team
MerryFox Realty
Buyer's Agent
Michael Selbst
Gibson Sotheby's International Realty
List Price
$378,000
Sold Price
$380,000
Premium/Discount to List
$2,000
0.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%
Original Mortgage
$350,652
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 1993
Sold by
Hammond David B and Hammond Marcia L
Bought by
Glick Melanie B and Glick Steven A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,500
Interest Rate
7.16%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Macallister Rt -- None Available
Karjane Heather $380,000 --
Glick Melanie B $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macallister Scott A $150,000
Previous Owner Karjane Heather $345,000
Previous Owner Karjane Heather $350,652
Previous Owner Glick Melanie B $174,000
Previous Owner Glick Melanie B $127,000
Previous Owner Glick Melanie B $115,000
Previous Owner Glick Melanie B $94,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2023 09/01/23 Sold $569,000 +22.4% $549 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $464,900 +22.3% $449 / Sq Ft
10/10/2019 10/10/19 Sold $380,000 +0.5% $367 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
08/06/2019 08/06/19 For Sale $378,000 -- $365 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,918 $521,900 $0 $521,900
2024 $5,061 $435,500 $0 $435,500
2023 $4,894 $391,200 $0 $391,200
2022 $4,652 $351,100 $0 $351,100
2021 $4,764 $345,200 $0 $345,200
2020 $4,183 $289,500 $0 $289,500
2019 $3,881 $257,000 $0 $257,000
2018 $3,617 $235,200 $0 $235,200
2017 $3,637 $229,300 $0 $229,300
2016 $3,297 $210,400 $0 $210,400
2015 $3,336 $203,300 $0 $203,300
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2023

    Emmanuel Paul

    Redfin Corp.

    Section Image
  • Nest / Syndi Zaiger Group

    Buyer's Agent in 2023

    Nest / Syndi Zaiger Group

    Compass

    (617) 206-3333

    124 Total Sales

    Section Image

  • M

    Seller's Agent in 2019

    Merry Fox Team

    MerryFox Realty

    270 Total Sales

    Section Image

  • B

    Seller Co-Listing Agent in 2019

    Betsy Merry

    MerryFox Realty

    Section Image
  • Michael Selbst

    Buyer's Agent in 2019

    Michael Selbst

    Gibson Sotheby's International Realty

    (617) 504-9159

    67 Total Sales

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73124524

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000592-000802-000802

Massachusetts Essex County Salem 01970

116 Federal St Unit 1, Salem, MA

This home is located at 116 Federal St Unit 1, Salem, MA 01970 since 14 June 2023 and is currently estimated at $595,877, approximately $575 per square foot. This property was built in 1782. 116 Federal St Unit 1 is a home located in Essex County with nearby schools including Horace Mann Laboratory, Carlton Elementary School, and Saltonstall School.

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MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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