1
Bed
1
Bath
885
Sq Ft
1782
Built
About This Home
As of June 2020116 Federal Street, the historic Leach Nichols House (c1782) is one of the few Period Residences in the city to offer elegant one-floor living. This gracious unit features beautiful finishes include original crown moldings, original pine floors, 2 decorative fireplaces in the living room/kitchen. Laundry in the unit. The bedroom with a cathedral ceiling overlooks the breathtaking shared English-style grounds & garden. Renovated kitchen with stainless appliances and updated countertops, 2 car parking, and a picturesque neighborhood right by downtown. Close to the train and ferry to Boston, libraries, museums, YMCA, fine dining, boutique shopping, and the waterfront. This condo is a must-see in charming Historic Salem!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,238
Year Built
- Built in 1782
Lot Details
- Year Round Access
Utilities
- Window Unit Cooling System
- Hot Water Baseboard Heater
- Heating System Uses Oil
- Individual Controls for Heating
- Water Holding Tank
- Electric Water Heater
Additional Features
- Basement
Community Details
- Pets Allowed
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
4
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
Similar Homes in the area
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
Average Home Value in this Area
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
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
-
Susan Kelsey
Buyer's Agent in 2020
Susan Kelsey
Coldwell Banker Realty - Lynnfield
(321) 514-5028
43 Total Sales
-
Phil Bourgeault
P
Seller's Agent in 2015
Phil Bourgeault
Sagan Harborside Sotheby's International Realty
(617) 448-6549
9 Total Sales
-
Lynne Breed
Buyer's Agent in 2015
Lynne Breed
Sagan Harborside Sotheby's International Realty
(781) 608-8066
46 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72644337
APN: SALE-000026-000000-000592-000803-000803
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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