NOT LISTED FOR SALE

Estimated Value: $497,761

2 Beds
1.5 Baths
970 Sq Ft
$513/Sq Ft Est. Value

Sale Details

Date Sold: May 30, 2025

Last sale price $550,000 $567 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,229 / mo

Highlights

  • Medical Services
  • No HOA
  • Cooling Available
  • Property is near golf course, public transit, and schools
  • Jogging Path
  • Park

About This Home

As of June 2025

Modern Top-Floor 2BR/1.5BA Apartment with Parking Prime Malden Location! Available on 06/15/2025! Welcome to 557 Salem St, Malden a beautifully updated and well-maintained top-floor 2-bedroom, 1.5-bath apartment offering comfort, convenience, and style. This bright and spacious unit features: Central heating and cooling for year-round comfort In-unit washer and dryer Open-concept kitchen with marble countertops and modern finishes Hardwood floors throughout One free off-street parking space Private storage room in the basement Located in a vibrant neighborhood with everything you need just around the corner groceries, restaurants, shops, and more. Commuter-friendly with easy access to the Orange Line (Malden Center Station) and multiple bus routes, making downtown Boston a quick and easy ride. Don't miss out on this rare rental opportunity in one of Malden's most convenient locations!

Last Agent to Rent the Property

Cheng Liang

CWQ Realty Group LLC Listed on: 06/04/2025

Last Renter's Agent

Ashley Freudenthal

PH Realty Group

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 999

Parking

  • 1 Car Parking Space

Home Design

  • 970 Sq Ft Home
  • Apartment
  • Entry on the 3rd floor

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Additional Features

  • 999 Sq Ft Lot
  • Property is near golf course, public transit, and schools

Listing and Financial Details

  • Security Deposit $2,600
  • Rent includes water, sewer, trash collection, extra storage
  • 12 Month Lease Term
  • Assessor Parcel Number M:129 B:651 L:10205,4271502

Community Details

Recreation

  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • No Home Owners Association
  • Medical Services

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

999 Sq Ft Lot

Rental Info

  • Pets Allowed: Yes w/ Restrictions
  • Lease Term: Term of Rental(12)
  • Available Now: Yes
  • Deposit Required: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: No
  • REFERENCES REQD: No
  • SEC DEPOSIT: 2600

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Entry Level: 3
  • CoOp Comp: 50/50
  • Special Features: None
  • Year Built: 1951

Interior Features

  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bathrooms: 2
  • Laundry Features: In Unit
  • Above Grade Finished Sq Ft: 970
  • Living Area: 970
  • Spa YN: No
  • MAIN LO: AN2056
  • MAIN SO: AN3585

Exterior Features

  • Home Warranty YN: No
  • Waterfront YN: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Heating: Natural Gas, Forced Air
  • Cooling Y N: Yes
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, Public School, T-Station
  • Rent Includes: Water, Sewer, Trash Collection, Extra Storage
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:129 B:651 L:10205,4271502
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 999
  • Lot Size Units: Acres
  • Property Attached YN: Yes

Multi Family

  • Basement Included Sq Ft: No

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
Jun 4, 2025
Closed on
May 29, 2025
Sold by
Bought by
Seller's Agent
Cheng Liang
CWQ Realty Group LLC
Buyer's Agent
Ashley Freudenthal
PH Realty Group
Sold Price
$2,600
Views
25
Current Estimated Value
$497,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$495,161
Avg. Annual Appreciation
-7.92%

Purchase Details

Listed on
May 5, 2021
Closed on
Jun 18, 2021
Sold by
Bought by
Seller's Agent
Dorothy Morgan
Morris Real Estate
Buyer's Agent
Eman Mok
Cornerstone Real Estate Brokerage
List Price
$400,000
Sold Price
$450,000
Premium/Discount to List
$50,000
12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.21%
Original Mortgage
$360,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 31, 2017
Closed on
May 26, 2017
Sold by
Bought by
Seller's Agent
Terri Maffeo
LAER Realty Partners
Buyer's Agent
Dorothy Morgan
Morris Real Estate
List Price
$325,000
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$260,000
Interest Rate
4.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
5.94%

Purchase Details

Closed on
Feb 21, 2002
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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 Buyer Sale Price Title Company
$550,000 None Available
$450,000 None Available
$325,000 --
$319,900 --
$230,000 --
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 Borrower Loan Amount
Previous Owner $360,000
Closed $260,000
Closed $264,000
Previous Owner $29,000
Previous Owner $40,000
Closed $60,000
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
06/14/2025 06/14/25 Rented $2,600 0.0% --
06/12/2025 06/12/25 Under Contract -- -- --
06/04/2025 06/04/25 For Rent $2,600 0.0% --
05/30/2025 05/30/25 Sold $550,000 +4.8% $567 / Sq Ft View Prior Sale
04/18/2025 04/18/25 Pending -- -- --
04/15/2025 04/15/25 For Sale $525,000 +16.7% $541 / Sq Ft
06/18/2021 06/18/21 Sold $450,000 +9.8% $464 / Sq Ft View Prior Sale
05/10/2021 05/10/21 Pending -- -- --
05/05/2021 05/05/21 Price Changed $410,000 +2.5% $423 / Sq Ft
05/05/2021 05/05/21 For Sale $400,000 -- $412 / 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 $5,912 $522,300 $0 $522,300
2024 $5,636 $482,100 $0 $482,100
2023 $5,670 $465,100 $0 $465,100
2022 $5,448 $441,100 $0 $441,100
2021 $4,596 $374,000 $0 $374,000
2020 $4,545 $359,300 $0 $359,300
2019 $4,319 $325,500 $0 $325,500
2018 $4,490 $318,700 $0 $318,700
2017 $3,618 $255,300 $0 $255,300
2016 $3,646 $240,500 $0 $240,500
2015 $3,520 $223,800 $0 $223,800
2014 $3,603 $223,800 $0 $223,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73385830

MLS Property Information Network (MLS PIN)

APN: MALD-000129-000651-010205

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