$235,000
SOLD AUG 26, 2015

116 Federal St Unit 2 Salem, MA 01970

1 Bed
1 Bath
885 Sq Ft
1782 Built

Recently Sold

$266 Per Sq Ft

5% Below List Price

24 Days on Market

About This Home

As of June 2020

Live in the McIntire District and enjoy the wonderful lifestyle that historic Salem has to offer including a wide variety of great restaurants and shops. Visit the famed Peabody Essex Museum (PEM) free to Salem residents, ride the ferry to Boston and enjoy walking to Salem Common, Pickering Wharf and Salem Willows. This one bedroom 1782 federalist condo features period detail throughout, wide pine floors, fireplace, cathedral ceiling in the bedroom and an office alcove. The bright spacious living room has high ceilings and a beautiful decorative fireplace. Eat-in kitchen with a fireplace overlooks a beautifully landscaped courtyard. Outdoor space with patio and gardens provide a perfect spot to relax and enjoy the beautiful summer days. In-unit laundry and 2 car parking. The MBTA commuter rail to Boston is only a short walk away.

Last Agent to Sell the Property

Phil Bourgeault

Sagan Harborside Sotheby's International Realty Listed on: 07/13/2015

Sagan Harborside Sotheby's International Realty

Last Buyer's Agent

Lynne Breed

Sagan Harborside Sotheby's International Realty

Sagan Harborside Sotheby's International Realty

Ownership History

Date Name Owned For Owner Type

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%
Total Days on Market
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%

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:

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Average Value
Not Available
List Price
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 Type Sale Price Title Company
Not Resolvable $329,000 None Available
Not Resolvable $235,000 --
Deed $230,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Closed $75,000 Credit Line Revolving
Previous Owner $178,250 No Value Available
Previous Owner $184,000 Purchase Money Mortgage
Previous Owner $142,000 No Value Available
Previous Owner $105,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

  • Julian Nenshati

    Seller's Agent in 2020

    Julian Nenshati

    Century 21 North East Homes

    (781) 913-2321

    20 Total Sales

    Julian Nenshati
    Section Image
  • Susan Kelsey

    Buyer's Agent in 2020

    Susan Kelsey

    Coldwell Banker Realty - Lynnfield

    (321) 514-5028

    43 Total Sales

    Susan Kelsey
    Section Image

  • P

    Seller's Agent in 2015

    Phil Bourgeault

    Sagan Harborside Sotheby's International Realty

    (617) 448-6549

    9 Total Sales

    Phil Bourgeault
    Section Image
  • Lynne Breed

    Buyer's Agent in 2015

    Lynne Breed

    Sagan Harborside Sotheby's International Realty

    (781) 608-8066

    46 Total Sales

    Lynne Breed
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71873119

MLS Property Information Network (MLS PIN)

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

Massachusetts Essex County Salem 01970

116 Federal St Unit 2, Salem, MA

This home is located at 116 Federal St Unit 2, Salem, MA 01970 and is currently priced at $235,000, approximately $265 per square foot. This property was built in 1782. 116 Federal St Unit 2 is a home located in Essex County with nearby schools including Horace Mann Laboratory, Carlton Elementary School, and Saltonstall School.

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