$460,000
SOLD OCT 18, 2024

159 Federal St Unit 2 Salem, MA 01970

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

Recently Sold

$657 Per Sq Ft

2% Below List Price

30 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • Solid Surface Countertops

About This Home

As of October 2024

Wonderful two bedroom condo in the McIntire District on Federal St, just a short walk to downtown Salem, has all the desirable features needed in today's lifestyle. Recently renovated kitchen with breakfast bar, stainless appliances including 5 burner gas stove, BI micro, quartz countertops, white cabinetry and farmhouse faucet. Situated on the second floor in the quieter end of Federal St with quick access to Boston St, this wonderful condo with newer Heat and AC, is also pet friendly and has a rare, usable garage with an additional parking space. Low condo fee with all owner occupied units, this one is a must to see. Laundry room and locked storage room in the basement completes this wonderful opportunity to live in Salem with all its restaurants, museums and cultural heritage that makes it so desirable.

Last Agent to Sell the Property

Marcie Gingle

William Raveis R.E. & Home Services Listed on: 08/06/2024

William Raveis R.E. & Home Services

Last Buyer's Agent

Jessica Murphy

Coldwell Banker Realty - Marblehead

Coldwell Banker Realty - Marblehead

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,711

Year Built

  • Built in 1850 | Remodeled

HOA Fees

  • $177 Monthly HOA Fees

Parking

  • 1 Car Detached Garage
  • Open Parking
  • Off-Street Parking
  • Deeded Parking
  • Assigned Parking

Home Design

  • Garden Home
  • Entry on the 2nd floor
  • Shingle Roof

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Recessed Lighting
  • Decorative Lighting
  • Light Fixtures
  • Wood Flooring
  • Basement
  • Laundry in Basement

Kitchen

  • Breakfast Bar
  • Stove
  • Range
  • Microwave
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stainless Steel Appliances
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom
  • Bathtub with Shower

Home Security

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

Additional Features

  • Energy-Efficient Thermostat
  • Two or More Common Walls

Listing and Financial Details

  • Assessor Parcel Number 5117771

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, reserve funds
  • 3 Units
  • 159 Federal Street Condominium Community

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Storm Windows
  • Storm Doors

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,711

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: Garden, 2/3 Family
  • Year Built: 1850
  • Buyer Agency: 2
  • Entry Level: 2
  • Transaction Broker: 1
  • Year Built Details: Actual,Renovated Since
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Gross/Full Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Door Features: Storm Door(s)
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Flooring - Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Ceiling Fan(s), Closet, Flooring - Wood
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Remodeled
  • Bathroom 1 Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Wood, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Breakfast Bar / Nook, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove, Lighting - Pendant, Lighting - Overhead
  • Laundry Features: In Basement, In Building
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Wood, Open Floorplan, Recessed Lighting, Remodeled, Lighting - Pendant
  • Basement: Y
  • Accessibility Features: No
  • Living Area: 700
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Storm Window(s)
  • MAIN LO: M59500
  • LIST PRICE PER Sq Ft: 671.29
  • PRICE PER Sq Ft: 657.14
  • MAIN SO: AN6181
  • Insulation: Mixed

Exterior Features

  • Common Walls: 2+ Common Walls
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Harbor, 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
  • Open Parking YN: Yes
  • Parking Features: Detached, Deeded, Off Street, Paved, Exclusive Parking
  • 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: Circuit Breakers
  • 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, Golf, Medical Facility, Laundromat, Bike Path, House of Worship, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 2
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: 5117771
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • PAGE: 91
  • OUTDOOR SPACE AVAILABLE: No
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient: Thermostat

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 4711
  • Tax Book Number: 37985

Multi Family

  • Number Of Units Total: 3
  • Basement Included Sq Ft: No
  • NO UNITS OWNER OCC: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2024
Closed on
Oct 18, 2024
Sold by
Dantona Michael
Bought by
Siple Jaana
Seller's Agent
Marcie Gingle
William Raveis R.E. & Home Services
Buyer's Agent
Jessica Murphy
Coldwell Banker Realty - Marblehead
List Price
$469,900
Sold Price
$460,000
Premium/Discount to List
-$9,900
-2.11%
Views
91
Current Estimated Value
$471,428

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,428
Avg. Annual Appreciation
0.09%
Original Mortgage
$410,000
Outstanding Balance
$406,492
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$53,896

Purchase Details

Listed on
Jul 23, 2019
Closed on
Oct 14, 2019
Sold by
Abbruzzese Peter
Bought by
Dantona Michael
Seller's Agent
Herrick Lutts Realty Partners
Herrick Lutts Realty Partners
Buyer's Agent
Nancy Judge
Keller Williams Realty Evolution
List Price
$359,900
Sold Price
$350,000
Premium/Discount to List
-$9,900
-2.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.65%
Original Mortgage
$262,500
Interest Rate
3.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Condominium Deed $460,000 None Available
Condominium Deed $460,000 None Available
Condominium Deed $355,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $410,000 Purchase Money Mortgage
Closed $410,000 Purchase Money Mortgage
Previous Owner $262,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $460,000 -2.1% $657 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
08/20/2024 08/20/24 For Sale $469,900 0.0% $671 / Sq Ft
08/13/2024 08/13/24 Pending -- -- --
08/06/2024 08/06/24 For Sale $469,900 +34.3% $671 / Sq Ft
10/30/2019 10/30/19 Sold $350,000 -2.8% $500 / Sq Ft
09/22/2019 09/22/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $359,900 0.0% $514 / Sq Ft
08/27/2019 08/27/19 Pending -- -- --
08/06/2019 08/06/19 Price Changed $359,900 -2.7% $514 / Sq Ft
07/23/2019 07/23/19 For Sale $369,900 -- $528 / 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 $4,458 $393,100 $0 $393,100
2024 $4,711 $405,400 $0 $405,400
2023 $4,521 $361,400 $0 $361,400
2022 $4,370 $329,800 $0 $329,800
2021 $4,303 $311,800 $0 $311,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73274167

MLS Property Information Network (MLS PIN)

APN: 25-0111-802