Karol Flannery
RE/MAX Bentley's
(978) 518-3106
36 Total Sales
2 in Downtown Salem
$359K - $560K Price Range
40 Chestnut St Salem, MA 01970
Downtown Salem Neighborhood
6
Beds
3.5
Baths
5,803
Sq Ft
5,550
Sq Ft Lot
Highlights
- Marina
- Property is near public transit and schools
- Antique Architecture
- Medical Services
- Marble Flooring
- Attic
About This Home
As of June 2026Grand single family townhouse on historic 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. Restored and updated to the highest standards: significant rewiring in the last year, 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, functionality 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: 04/14/2026
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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
- Marble or Granite Building Materials
Interior Spaces
- 5,803 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
- Marble
Bedrooms and Bathrooms
- 6 Bedrooms
Laundry
- Dryer
- Washer
Home Security
- Home Security System
- Storm Windows
Parking
- 2 Open Parking Spaces
- Off-Street Parking
Location
- Property is near public transit and 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2025
Closed on
May 15, 2025
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.54%
Original Mortgage
$510,000
Outstanding Balance
$503,970
Interest Rate
6.64%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,671,527
Purchase Details
Closed on
Jan 11, 2013
Sold by
Bought by
Purchase Details
Closed on
Sep 7, 1999
Sold by
Bought by
Purchase Details
Closed on
Sep 2, 1997
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Salem, MA
-
Karol Flannery
-
Vivien Marcus
Vivien Marcus
Keller Williams Realty Success
(351) 222-3144
49 Total Sales
1 in Downtown Salem
$410,000 Price
-
Nick Cuevas
Nick Cuevas
Compass
(781) 776-5198
71 Total Sales
1 in Downtown Salem
$740,000 Price
-
North Shore and More Team
North Shore and More Team
eXp Realty LLC - Corporate Office
(339) 444-2882
35 Total Sales
1 in Downtown Salem
$315,000 Price
-
Tyson Lynch
Tyson Lynch
Responds QuicklyThe Proper Nest Real Estate
(351) 666-4531
53 Total Sales
3 in Downtown Salem
$290K - $1.1M Price Range
-
The North Shore Realty Group
The North Shore Realty Group
eXp Realty LLC
(978) 848-1517
90 Total Sales
1 in Downtown Salem
$539,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $2,110,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Deed | $520,000 | -- | |
| Deed | $395,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $510,000 | Purchase Money Mortgage | |
| Previous Owner | $488,000 | No Value Available | |
| Previous Owner | $240,000 | No Value Available | |
| Previous Owner | $384,000 | No Value Available | |
| Closed | $387,250 | No Value Available |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/26/2026 06/26/26 | Sold | $2,100,000 | -4.5% | $362 / Sq Ft | |
| 04/19/2026 04/19/26 | Pending | -- | -- | -- | |
| 04/14/2026 04/14/26 | For Sale | $2,200,000 | +4.3% | $379 / Sq Ft | |
| 05/15/2025 05/15/25 | Sold | $2,110,000 | -6.2% | $352 / Sq Ft | View Prior Sale |
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2026
Michael Selbst
Gibson Sotheby's International Realty
(617) 504-9159
27 in this area
80 Total Sales
-
Lyndsey Wakeham
L
Buyer's Agent in 2025
Lyndsey Wakeham
The Agency Marblehead
(617) 529-9796
5 in this area
16 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73501166
APN: SALE-000025-000000-000219
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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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