$399,000
$30K PRICE DROP

Estimated payment $3,001/month

Total Views 31,436
2 Beds
1 Bath
823 Sq Ft
$485 Price per Sq Ft

Highlights

  • Medical Services
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Solid Surface Countertops
  • 2 Car Detached Garage

About This Home

Welcome to 24 Cabot Street #1 — a beautifully maintained and thoughtfully updated first-floor condo just moments from vibrant downtown Salem and the MBTA Commuter Rail. This spacious 2-bedroom, 1-bath home perfectly blends historic charm with modern conveniences. Soaring ceilings, rich hardwood floors, and original architectural details offer warmth and character in every room, while the updated kitchen features granite countertops, stainless steel appliances, and maple cabinetry. Enjoy the convenience of in-unit laundry and generous natural light throughout. This home includes one of the rarest finds in Salem: a private 2 car detached garage deeded exclusively to this unit, along with an additional deeded driveway space. The full unfinished basement offers additional storage. Located near Salem State University, restaurants, boutiques, museums, coffee shops, the waterfront and much more.

Listing Agent

Emily Schwartz

Centre Realty Group Listed on: 05/09/2025

Centre Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,933

Year Built

  • Built in 1870

HOA Fees

  • $450 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Garage Door Opener
  • Off-Street Parking
  • Deeded Parking

Home Design

  • Frame Construction
  • Slate Roof

Interior Spaces

  • 823 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Entrance Foyer
  • Basement

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Witchcraft Hts Elementary School
  • Collins Middle School
  • Salem High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Hot Water Heating System
  • 110 Volts

Listing and Financial Details

  • Assessor Parcel Number M:33 L:0196 S:801,4840408

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, ground maintenance, snow removal
  • 4 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Park
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,933

Year Built

Built in 1870

Lot Details

0

HOA Fees

$450 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other (See Remarks)
  • Year Built: 1870
  • Entry Level: 1
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Compensation Not Offered
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Interior Amenities: Entrance Foyer
  • Entry Location: Unit Placement(Front)
  • Fireplace YN: No
  • Appliances: Range, Oven, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Total Bedrooms: 2
  • Room Bedroom2 Level: First
  • Room Bedroom2 Features: Flooring - Hardwood
  • Room Bedroom2 Area: 120
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 192
  • Master Bathroom Features: No
  • Bathroom 1 Area: 63
  • Bathroom 1 Features: Bathroom - Tiled With Tub & Shower
  • Bathroom 1 Level: First
  • Room Dining Room Features: Flooring - Hardwood
  • Room Dining Room Level: First
  • Room Dining Room Area: 156
  • Room Kitchen Level: First
  • Room Kitchen Features: Countertops - Stone/Granite/Solid
  • Room Kitchen Area: 49
  • Laundry Features: First Floor, In Unit
  • Room Living Room Level: First
  • Room Living Room Area: 144
  • Room Living Room Features: Flooring - Hardwood
  • Basement: Y
  • Above Grade Finished Sq Ft: 823
  • Living Area: 823
  • Spa YN: No
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: BB5200
  • LIST PRICE PER Sq Ft: 484.81
  • PRICE PER Sq Ft: 484.81
  • Insulation: Full

Exterior Features

  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Slate
  • Waterfront Features: 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage YN: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Parking Features: Detached, Garage Door Opener, Deeded, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven
  • Cooling: Window Unit(s)
  • Heating: Hot Water, Oil
  • Cooling Y N: Yes
  • Electric: 110 Volts
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Hot Water
  • Association Fee: 450
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Bike Path, Public School, T-Station, University
  • Senior Community YN: No
  • UNIT BUILDING: 1
  • MANAGEMENT: Professional - Off Site

Fee Information

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

Lot Info

  • Parcel Number: M:33 L:0196 S:801,4840408
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4940
  • Lot Size Units: Acres
  • PAGE: 538

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 3933
  • Tax Book Number: 40731

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No

MLS Schools

  • High School: Salem High
  • Elementary School: Witchcraft Hts
  • Middle Or Junior School: Collins

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $3,933 $346,800 $0 $346,800
2024 $3,837 $330,200 $0 $330,200
2023 $3,690 $295,000 $0 $295,000
2022 $3,534 $266,700 $0 $266,700
2021 $3,478 $252,000 $0 $252,000
2020 $3,409 $235,900 $0 $235,900
2019 $3,240 $214,600 $0 $214,600
2018 $3,010 $195,700 $0 $195,700
2017 $2,953 $186,200 $0 $186,200
2016 $2,702 $172,400 $0 $172,400
2015 -- $164,800 $0 $164,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2025 06/16/25 Price Changed $399,000 -4.8% $485 / Sq Ft
05/27/2025 05/27/25 Price Changed $419,000 -2.3% $509 / Sq Ft
05/09/2025 05/09/25 For Sale $429,000 +24.3% $521 / Sq Ft
02/16/2022 02/16/22 Sold $345,000 +7.8% $419 / Sq Ft
12/31/2021 12/31/21 Pending -- -- --
12/29/2021 12/29/21 For Sale $320,000 +26.0% $389 / Sq Ft
10/27/2016 10/27/16 Sold $254,000 +2.0% $309 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
04/08/2016 04/08/16 For Sale $249,000 +16.4% $303 / Sq Ft
07/01/2015 07/01/15 Sold $214,000 +2.0% $252 / Sq Ft
05/25/2015 05/25/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $209,900 -- $247 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Purchase History

Date Type Sale Price Title Company
Condominium Deed $345,000 None Available
Not Resolvable $254,000 --
Not Resolvable $213,000 --
Not Resolvable $225,000 --
Deed $225,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $334,650 Purchase Money Mortgage
Previous Owner $241,300 New Conventional
Previous Owner $202,350 New Conventional
Previous Owner $195,553 FHA
Source: Public Records

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Source: MLS Property Information Network (MLS PIN)

MLS Number: 73372519

MLS Property Information Network (MLS PIN)

APN: SALE-000033-000000-000196-000801-000801