55 Butler St Unit 1 Salem, MA 01970
Gallows Hill Neighborhood
2
Beds
1
Bath
835
Sq Ft
4,356
Sq Ft Lot
Highlights
- Medical Services
- Wood Flooring
- Jogging Path
- Property is near public transit
- Main Floor Primary Bedroom
- Stainless Steel Appliances
About This Home
As of May 2025Charming first floor condo nestled in the sought after Gallows Hill neighborhood of Salem, Massachusetts. This lovely home offers modern living with a touch of classic New England character. Featuring two spacious bedrooms, full bath, and a beautifully updated eat-in kitchen that flows seamlessly into the north-facing living room. The large windows in each room fill the space with natural light, creating a bright and welcoming tone throughout the home. Shared outdoor space boasts perennial flowers ready to bloom, raised garden beds, and a grilling patio. Located just moments from downtown Salem, it provides easy access to local shops, restaurants, and attractions, including the historic waterfront and vibrant cultural scene, all while being tucked away from the hustle and bustle of downtown. With designated off street parking and in building laundry, this condo is a must see for anyone looking to call Salem home.
Last Agent to Sell the Property
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge Listed on: 04/09/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,389
Year Built
- Built in 1880
Home Design
- Shingle Roof
Interior Spaces
- 835 Sq Ft Home
- 3-Story Property
- Bay Window
- Dining Area
- Wood Flooring
- Basement
- Laundry in Basement
Kitchen
- Stove
- Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary Bedroom on Main
- 1 Full Bathroom
- Bidet
- Bathtub with Shower
Laundry
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Utilities
- Window Unit Cooling System
- 1 Heating Zone
- Heating System Uses Natural Gas
- Baseboard Heating
- 200+ Amp Service
Additional Features
- Energy-Efficient Thermostat
- Porch
- Garden
Listing and Financial Details
- Assessor Parcel Number 5075267
Community Details
Overview
- Association fees include water, sewer, insurance
- 2 Units
Amenities
- Medical Services
- Common Area
- Shops
- Laundry Facilities
Recreation
- Park
- Jogging Path
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2025
Closed on
May 30, 2025
Sold by
Wernick Howard B
Bought by
Caamano Jessica M
Seller's Agent
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
Buyer's Agent
Kevin Mccafferty
RyVal Homes
List Price
$395,000
Sold Price
$408,000
Premium/Discount to List
$13,000
3.29%
Views
68
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
-$68
Avg. Annual Appreciation
-0.07%
Original Mortgage
$326,400
Outstanding Balance
$325,845
Interest Rate
6.83%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$82,087
Purchase Details
Listed on
Jun 22, 2021
Closed on
Aug 5, 2021
Sold by
Elevons Jordan and Elevons Sara
Bought by
Wernick Howard B
Seller's Agent
David Picardy
Liberty Residential Realty, LLC
Buyer's Agent
Joseph Tofalo
Conway - Swampscott
List Price
$325,000
Sold Price
$360,000
Premium/Discount to List
$35,000
10.77%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.33%
Original Mortgage
$270,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Jun 6, 2018
Closed on
Apr 10, 2019
Sold by
Jhaveri Kunal
Bought by
Emerson Sara and Pelovitz Jordan
Seller's Agent
Chris Blasczak
Liberty Residential Realty, LLC
Buyer's Agent
David Picardy
Liberty Residential Realty, LLC
List Price
$289,900
Sold Price
$288,000
Premium/Discount to List
-$1,900
-0.66%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
Original Mortgage
$230,400
Interest Rate
4.3%
Mortgage Type
New Conventional
Similar Homes in Salem, MA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $408,000 | None Available | |
| Condominium Deed | $408,000 | None Available | |
| Condominium Deed | $360,000 | None Available | |
| Condominium Deed | $360,000 | None Available | |
| Condominium Deed | $288,000 | -- | |
| Condominium Deed | $288,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $326,400 | Purchase Money Mortgage | |
| Closed | $326,400 | Purchase Money Mortgage | |
| Previous Owner | $270,000 | Purchase Money Mortgage | |
| Previous Owner | $230,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $408,000 | +3.3% | $489 / Sq Ft |
| 04/24/2025 04/24/25 | Pending | -- | -- | -- |
| 04/09/2025 04/09/25 | For Sale | $395,000 | 0.0% | $473 / Sq Ft |
| 10/03/2023 10/03/23 | Rented | $3,600 | -8.9% | -- |
| 09/26/2023 09/26/23 | Under Contract | -- | -- | -- |
| 07/30/2023 07/30/23 | For Rent | $3,950 | 0.0% | -- |
| 08/05/2021 08/05/21 | Sold | $360,000 | +10.8% | $431 / Sq Ft |
| 07/01/2021 07/01/21 | Pending | -- | -- | -- |
| 06/22/2021 06/22/21 | For Sale | $325,000 | +12.8% | $389 / Sq Ft |
| 04/11/2019 04/11/19 | Sold | $288,000 | -0.7% | $336 / Sq Ft |
| 03/08/2019 03/08/19 | Pending | -- | -- | -- |
| 02/28/2019 02/28/19 | For Sale | $289,900 | 0.0% | $338 / Sq Ft |
| 01/11/2019 01/11/19 | Pending | -- | -- | -- |
| 01/02/2019 01/02/19 | Price Changed | $289,900 | -1.7% | $338 / Sq Ft |
| 12/06/2018 12/06/18 | Price Changed | $294,999 | -1.3% | $344 / Sq Ft |
| 08/15/2018 08/15/18 | Price Changed | $299,000 | -6.5% | $349 / Sq Ft |
| 06/19/2018 06/19/18 | Price Changed | $319,900 | -3.0% | $373 / Sq Ft |
| 06/06/2018 06/06/18 | For Sale | $329,900 | -- | $385 / 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 | $4,389 | $387,000 | $0 | $387,000 |
| 2024 | $4,280 | $368,300 | $0 | $368,300 |
| 2023 | $4,115 | $328,900 | $0 | $328,900 |
| 2022 | $3,987 | $300,900 | $0 | $300,900 |
| 2021 | $3,698 | $268,000 | $0 | $268,000 |
| 2020 | $3,650 | $252,600 | $0 | $252,600 |
Source: Public Records
Agents Affiliated with this Home
-
The Team - Real Estate Advisors
T
Seller's Agent in 2025
The Team - Real Estate Advisors
Coldwell Banker Realty - Cambridge
(978) 996-3604
1 in this area
347 Total Sales
-
Stephanie Hinsvark
S
Seller Co-Listing Agent in 2025
Stephanie Hinsvark
Coldwell Banker Realty - Cambridge
1 in this area
2 Total Sales
-
Kevin Mccafferty
Buyer's Agent in 2025
Kevin Mccafferty
RyVal Homes
(978) 869-4584
3 in this area
56 Total Sales
-
M
Seller's Agent in 2023
Matt Brunet
Flow Realty, Inc.
-
D
Seller's Agent in 2021
David Picardy
Liberty Residential Realty, LLC
-
Joseph Tofalo
J
Buyer's Agent in 2021
Joseph Tofalo
Conway - Swampscott
(978) 500-5513
1 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73357357
APN: 16-0096-801
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