$420,000
SOLD JUL 15, 2025

116 Federal St Unit 2 Salem, MA 01970

1 Bed
1 Bath
885 Sq Ft
$267/mo HOA Fee

Recently Sold

$475 Per Sq Ft

1% Below List Price

14 Days on Market

Highlights

  • Golf Course Community
  • Custom Closet System
  • Fireplace in Kitchen
  • Medical Services
  • Landscaped Professionally
  • Property is near public transit

About This Home

As of July 2025

116 Federal St Unit 2 delivers an unparalleled living experience rich in character nested in the historical McIntire District of Salem. The home comes fully furnished and includes dishes and small appliances. This home has been lovingly cared for to include refinish original wide board floors, newer individual furnace and water heater (less than 4 yrs old) and living room decorative custom restored fireplace , turnkey fully furnished! Features of this condominium, 11 ft ceilings, turnkey and furnished, 2 decorative fireplaces, original wide board floors and the convenience of in unit laundry. The library is also a flex space for added sleeping. Beautiful grounds are stunning with perennial beds and plantings to bring beauty throughout the season. Deeded off street parking for 2 vehicles. Walking distance to train to Boston, Salem commons, two blocks to the Ropes Public Garden, restaurants, waterfront and so mush more that Salem has to offer

Last Agent to Sell the Property

Susan Kelsey

Coldwell Banker Realty - Lynnfield Listed on: 05/27/2025

Coldwell Banker Realty - Lynnfield

Last Buyer's Agent

Linda Turcotte

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,238

Year Built

  • Built in 1782

Lot Details

  • Landscaped Professionally
  • Garden

HOA Fees

  • $267 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 885 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Library
  • Basement

Kitchen

  • Range
  • Dishwasher
  • Upgraded Countertops
  • Fireplace in Kitchen

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary bedroom located on second floor
  • Custom Closet System
  • Linen Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Patio
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Individual Controls for Heating
  • Baseboard Heating
  • 110 Volts

Listing and Financial Details

  • Assessor Parcel Number 2132868

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 5 Units
  • Mid-Rise Condominium

Amenities

  • Medical Services
  • Community Garden
  • Common Area
  • Shops
  • Community Storage Space

Recreation

  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,238

Year Built

Built in 1782

Lot Details

0

HOA Fees

$267 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Mid-Rise
  • Year Built: 1782
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Entry Level: 2
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Interior Amenities: Library
  • Entry Location: Unit Placement(Upper,Front)
  • Fireplace Features: Kitchen, Living Room
  • Fireplace YN: Yes
  • Fireplaces: 2
  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Cathedral Ceiling(s), Ceiling Fan(s), Beamed Ceilings, Closet - Linen, Closet, Flooring - Hardwood, Sunken, Crown Molding, Decorative Molding
  • Room Master Bedroom Level: Second
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Dryer Hookup - Electric, Washer Hookup
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Dining Area, Countertops - Upgraded, Cabinets - Upgraded, Crown Molding, Decorative Molding
  • Laundry Features: In Unit
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Hardwood, Crown Molding
  • Basement: Y
  • Above Grade Finished Sq Ft: 885
  • Living Area: 885
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 480.23
  • PRICE PER Sq Ft: 474.58
  • MAIN SO: C95098
  • Insulation: Unknown

Exterior Features

  • Exterior Features: Patio, Garden, Rain Gutters, Professional Landscaping
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Patio
  • Roof: Shingle, Rubber
  • Waterfront Features: Ocean, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: 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, Oil, Individual
  • Cooling Y N: Yes
  • Electric: 110 Volts
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Storage, Garden Area
  • Association Fee: 266.8
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No
  • UNIT BUILDING: 2

Fee Information

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

Lot Info

  • Parcel Number: 2132868
  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 145
  • OUTDOOR SPACE AVAILABLE: Yes - Common

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5238
  • Tax Book Number: 38571

Multi Family

  • Number Of Units Total: 5
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2025
Closed on
Jul 15, 2025
Sold by
Bryant Cecily
Bought by
Eschman Sabrina and Frew Patrick
Seller's Agent
Susan Kelsey
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Linda Turcotte
Keller Williams Realty Evolution
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%
Views
55

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.65%
Original Mortgage
$395,000
Outstanding Balance
$394,336
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$24,125

Purchase Details

Listed on
Apr 15, 2020
Closed on
May 14, 2020
Sold by
Sauve Cynthia A and Sauve Gary A
Bought by
Bryant Cecily
Seller's Agent
Julian Nenshati
Century 21 North East Homes
Buyer's Agent
Susan Kelsey
Coldwell Banker Realty - Lynnfield
List Price
$329,900
Sold Price
$329,000
Premium/Discount to List
-$900
-0.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.89%

Purchase Details

Listed on
Jul 13, 2015
Closed on
Aug 26, 2015
Sold by
Mcmahon Julie
Bought by
Sauve Gary A and Sauve Cynthia A
Seller's Agent
Phil Bourgeault
Sagan Harborside Sotheby's International Realty
Buyer's Agent
Lynne Breed
Sagan Harborside Sotheby's International Realty
List Price
$247,000
Sold Price
$235,000
Premium/Discount to List
-$12,000
-4.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%

Purchase Details

Closed on
Aug 15, 2008
Sold by
Delnickas Elizabeth A
Bought by
Mcmahon Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Condominium Deed $420,000 --
Condominium Deed $420,000 --
Deed $329,000 None Available
Deed $235,000 --
Quit Claim Deed $235,000 --
Deed $230,000 --
Deed -- --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $395,000 New Conventional
Closed $395,000 New Conventional
Previous Owner $178,250 No Value Available
Previous Owner $184,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2025 07/15/25 Sold $420,000 -1.2% $475 / Sq Ft
06/10/2025 06/10/25 Pending -- -- --
05/27/2025 05/27/25 For Sale $425,000 +29.2% $480 / Sq Ft
06/01/2020 06/01/20 Sold $329,000 -0.3% $372 / Sq Ft View Prior Sale
04/19/2020 04/19/20 Pending -- -- --
04/15/2020 04/15/20 For Sale $329,900 +40.4% $373 / Sq Ft
08/26/2015 08/26/15 Sold $235,000 -4.9% $266 / Sq Ft View Prior Sale
08/06/2015 08/06/15 Pending -- -- --
07/13/2015 07/13/15 For Sale $247,000 -- $279 / 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 $5,238 $461,900 $0 $461,900
2024 $4,744 $408,300 $0 $408,300
2023 $4,554 $364,000 $0 $364,000
2022 $4,327 $326,600 $0 $326,600
2021 $4,433 $321,200 $0 $321,200
2020 $3,888 $269,100 $0 $269,100
2019 $3,607 $238,900 $0 $238,900
2018 $3,411 $221,800 $0 $221,800
2017 $3,431 $216,300 $0 $216,300
2016 $3,110 $198,500 $0 $198,500
2015 -- $191,800 $0 $191,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73380089

MLS Property Information Network (MLS PIN)

APN: SALE-000026-000000-000592-000803-000803