NOT LISTED FOR SALE

159 Federal St Unit 1 Salem, MA 01970

Downtown Salem Neighborhood

Estimated Value: $450,000 - $541,000

2 Beds
1 Bath
822 Sq Ft
$177/mo HOA Fee

Last Sold November 22, 2024

Last sale price $495,000 $602 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $3,212/month

6 Days on Market

Highlights

  • Property is near public transit
  • Solid Surface Countertops
  • 1 Car Detached Garage
  • Wood Flooring
  • Jogging Path
  • Porch

About This Home

As of November 2024

Presenting 159 Federal Street- Unit 1, a lovely first floor condo in the heart of the Historic McIntire District. This 822 square foot light-filled home is located close to everything the historic city of Salem has to offer! Incredibly convenient to the commuter rail, shopping, restaurants, museums and cultural experiences. This fully renovated condo offers a perfect mix of modern amenities and historic charming details. Featuring gorgeous hardwood floors, incredible original moldings, two spacious bedrooms, one with a fantastic walk-in closet, and a flexible den/office space and one full bath. The updated kitchen boasts granite counter tops, stainless steel appliances and gas range. Additional features include parking for two cars, one driveway and one rare garage space. A low condo fee, pet friendly, basement locked storage, and two outdoor spaces round out this incredible opportunity. Nothing to do but move in!

Last Agent to Sell the Property

Andrea Bennett

William Raveis R.E. & Home Services Listed on: 10/30/2024

William Raveis R.E. & Home Services

Last Buyer's Agent

Liz Walters

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,066

Year Built

  • Built in 1850 | Remodeled

Lot Details

  • 4,356

HOA Fees

  • $177 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Deeded Parking

Home Design

  • Entry on the 1st floor
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 822 Sq Ft Home
  • 3-Story Property
  • Crown Molding
  • Recessed Lighting
  • Picture Window
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom
  • Bathtub with Shower

Home Security

Eco-Friendly Details

  • Energy-Efficient Thermostat

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • 100 Amp Service

Listing and Financial Details

  • Assessor Parcel Number M:25 L:0111 S:801,5117771

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 3 Units

Amenities

  • Common Area
  • Shops
  • Laundry Facilities

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,066

Year Built

Built in 1850 | Remodeled

Lot Details

0

HOA Fees

$177 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1850
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Compensation Offered but Not in MLS
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Tile, Hardwood, Flooring - Hardwood
  • Interior Amenities: Closet
  • Entry Location: Unit Placement(Street)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Total Bedrooms: 2
  • Room Bedroom2 Features: Closet, Flooring - Hardwood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Walk-In Closet(s), Flooring - Hardwood, Decorative Molding
  • Master Bathroom Features: No
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Room Kitchen Features: Flooring - Hardwood, Window(s) - Picture, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Recessed Lighting, Remodeled
  • Laundry Features: In Building
  • Room Living Room Features: Flooring - Hardwood, Decorative Molding
  • Basement: Y
  • Living Area: 822
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Storm Window(s)
  • MAIN LO: M59500
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Porch, Patio
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio
  • Roof: Shingle
  • Waterfront Features: Beach Front, Bay, Harbor, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 1
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage YN: Yes
  • Parking Features: Detached, Deeded
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Electric: 100 Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 177
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Bike Path, Public School, T-Station
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds

Lot Info

  • Parcel Number: M:25 L:0111 S:801,5117771
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Sq Ft: 4469
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5066

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2019
Closed on
Oct 9, 2019
Sold by
Abbruzzese Peter
Bought by
Walter Ryan and Keane Maeghan
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
The Mavroules Team
Good Deeds Realty Partners
List Price
$379,900
Sold Price
$355,000
Premium/Discount to List
-$24,900
-6.55%
Current Estimated Value
$501,192

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,192
Avg. Annual Appreciation
5.73%
Original Mortgage
$284,000
Outstanding Balance
$248,798
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$252,394
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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 Buyer Sale Price Title Company
Walter Ryan $355,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walter Ryan $284,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2024 11/22/24 Sold $495,000 +10.0% $602 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/30/2024 10/30/24 For Sale $449,900 +26.7% $547 / Sq Ft
10/10/2019 10/10/19 Sold $355,000 -4.0% $432 / Sq Ft View Prior Sale
08/27/2019 08/27/19 Pending -- -- --
08/06/2019 08/06/19 Price Changed $369,900 -2.6% $450 / Sq Ft
07/23/2019 07/23/19 For Sale $379,900 0.0% $462 / Sq Ft
04/16/2016 04/16/16 Rented $1,450 0.0% --
04/08/2016 04/08/16 Under Contract -- -- --
03/14/2016 03/14/16 For Rent $1,450 -- --
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 $4,790 $422,400 $0 $422,400
2024 $5,066 $436,000 $0 $436,000
2023 $4,904 $392,000 $0 $392,000
2022 $4,738 $357,600 $0 $357,600
2021 $4,664 $338,000 $0 $338,000
Source: Public Records

Agents Affiliated with this Home

  • Andrea Bennett

    Seller's Agent in 2024

    Andrea Bennett

    William Raveis R.E. & Home Services

    (978) 578-5024

    6 in this area

    52 Total Sales

    Andrea Bennett
    Section Image

  • L

    Buyer's Agent in 2024

    Liz Walters

    Coldwell Banker Realty - Marblehead

    (617) 438-3665

    1 in this area

    85 Total Sales

    Liz Walters
    Section Image
  • The Mavroules Team

    Buyer's Agent in 2019

    The Mavroules Team

    Good Deeds Realty Partners

    (781) 866-6195

    128 Total Sales

    The Mavroules Team
    Section Image

  • P

    Seller's Agent in 2016

    Paul Stevens

    Paul Stevens REALTORS®

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73307731

MLS Property Information Network (MLS PIN)

APN: 25-0111-801

Massachusetts Essex County Salem 01970 Downtown Salem

159 Federal St Unit 1, Salem, MA

Not Listed for Sale

Condos

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