Seller's Agent in 2025
Michael Selbst
Gibson Sotheby's International Realty
(617) 504-9159
13 in this area
68 Total Sales
40 Chestnut St Salem, MA 01970
Chestnut Street Neighborhood
6
Beds
3.5
Baths
6,000
Sq Ft
5,550
Sq Ft Lot
Highlights
- Marina
- Granite Flooring
- Antique Architecture
- Medical Services
- Property is near public transit
- 5-minute walk to Bunny Puttman Park
About This Home
As of May 2025Grand triple-mint condition single family townhouse on gorgeous Chestnut Street in Salem. Started life in 1845 as a Greek Revival, later updated Colonial Revival details, which has yielded a house with a rarified material quality...fluted pilasters, hand carved mantels, rich paneled wainscotting, mahogany windowsills, and the most delightful old-world butlers pantry. The whole house imparts a sense of enduring and elevated quality. The owners have maintained this home to the highest standards; recent repointing, 2 zone c/ac, recent new roof, custom baths, 4 zone irrigation & exterior lighting, & custom copper gutters, to name a few. The outdoor spaces are artfully designed for beauty, functional and low maintenance. Located at the upper end of Chestnut St, lined with 19th century mansions built during the heyday of Salem’s seafaring trade. Minutes from downtown Salem and the train. This is a rare offering of a turnkey home in a completely intact 19th century New England setting.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 04/01/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $20,930
Year Built
- Built in 1850
Lot Details
- 5,550 Sq Ft Lot
- Fenced Yard
- Level Lot
- Property is zoned R1
Home Design
- Antique Architecture
- Greek Revival Architecture
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 6,000 Sq Ft Home
- Wet Bar
- Central Vacuum
- 8 Fireplaces
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Attic
Kitchen
- Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Granite
- Marble
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Windows
Parking
- 2 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Forced Air Heating and Cooling System
- 2 Cooling Zones
- 2 Heating Zones
- Heating System Uses Natural Gas
- Tankless Water Heater
Listing and Financial Details
- Assessor Parcel Number M:25 L:0219,2131596
Community Details
Overview
- No Home Owners Association
Amenities
- Medical Services
- Shops
Recreation
- Marina
- Park
- Jogging Path
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2025
Closed on
May 15, 2025
Sold by
Beale Jeffrey P and Stockbridge Michael
Bought by
Bader Eric and Bader Sara K
Seller's Agent
Michael Selbst
Gibson Sotheby's International Realty
Buyer's Agent
Lyndsey Wakeham
The Agency Marblehead
List Price
$2,250,000
Sold Price
$2,110,000
Premium/Discount to List
-$140,000
-6.22%
Views
139
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,444
Avg. Annual Appreciation
0.23%
Original Mortgage
$510,000
Outstanding Balance
$508,647
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,602,984
Purchase Details
Closed on
Jan 11, 2013
Sold by
Beale Jeffrey P
Bought by
Beale Jeffrey P and Stockbridge Michael
Purchase Details
Closed on
Sep 7, 1999
Sold by
Forty Chestnut St T
Bought by
Beale Jeffrey P
Purchase Details
Closed on
Sep 2, 1997
Sold by
Dicroce Anthony F
Bought by
40 Chestnut St Trust
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,110,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $520,000 | -- | |
| Deed | $520,000 | -- | |
| Deed | $395,000 | -- | |
| Deed | $395,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $510,000 | Purchase Money Mortgage | |
| Closed | $510,000 | Purchase Money Mortgage | |
| Previous Owner | $488,000 | No Value Available | |
| Previous Owner | $240,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2025 05/15/25 | Sold | $2,110,000 | -6.2% | $352 / Sq Ft |
| 04/11/2025 04/11/25 | Pending | -- | -- | -- |
| 04/01/2025 04/01/25 | For Sale | $2,250,000 | -- | $375 / 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 | $20,930 | $1,845,700 | $267,600 | $1,578,100 |
| 2024 | $20,293 | $1,746,400 | $255,500 | $1,490,900 |
| 2023 | $18,979 | $1,517,100 | $231,100 | $1,286,000 |
| 2022 | $16,650 | $1,256,600 | $219,000 | $1,037,600 |
| 2021 | $16,556 | $1,199,700 | $219,000 | $980,700 |
| 2020 | $17,080 | $1,182,000 | $212,900 | $969,100 |
| 2019 | $16,341 | $1,082,200 | $204,400 | $877,800 |
| 2018 | $14,622 | $950,700 | $194,600 | $756,100 |
| 2017 | $14,184 | $894,300 | $182,500 | $711,800 |
| 2016 | $13,871 | $885,200 | $173,400 | $711,800 |
| 2015 | $14,869 | $906,100 | $173,400 | $732,700 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Selbst
-
Lyndsey Wakeham
L
Buyer's Agent in 2025
Lyndsey Wakeham
The Agency Marblehead
(617) 529-9796
1 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73353104
APN: SALE-000025-000000-000219
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