C
Landlord's Agent in 2025
Cheng Liang
Blue Ocean Realty, LLC
1 in this area
37 Total Sales
557 Salem St Unit 5 Malden, MA 02148
Maplewood Neighborhood
2
Beds
1.5
Baths
970
Sq Ft
$541
Price per Sq Ft
Highlights
- Golf Course Community
- Property is near public transit
- Jogging Path
- Medical Services
- No HOA
- 2-minute walk to Roosevelt Park
About This Home
As of June 2025Modern 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $59
Year Built
- 1951
Lot Details
- 999 Sq Ft Lot
Parking
- 1 Car Parking Space
Home Design
- 970 Sq Ft Home
- Apartment
Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Laundry in unit
- Dryer
- Washer
Location
- Property is near public transit
- Property is near schools
Utilities
- Cooling Available
- Forced Air Heating System
- Heating System Uses Natural Gas
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
- Golf Course Community
- Park
- Jogging Path
Pet Policy
- Call for details about the types of pets allowed
Additional Features
- No Home Owners Association
- Medical Services
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 4, 2025
Closed on
May 29, 2025
Sold by
Lam Brenda
Bought by
Xu Hui and Zhang Zhongli
Seller's Agent
Cheng Liang
Blue Ocean Realty, LLC
Buyer's Agent
Ashley Freudenthal
D & R Realty
Sold Price
$2,600
Views
25
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
$521,798
Avg. Annual Appreciation
-27.22%
Purchase Details
Listed on
May 5, 2021
Closed on
Jun 18, 2021
Sold by
Morgan Thomas and Morgan Jihye
Bought by
Lam Brenda
Seller's Agent
Dottie 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
Closed on
May 26, 2017
Sold by
Dodge Michael and Dodge Deanna
Bought by
Morgan Thomas and Morgan Jihye
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
4.08%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 27, 2005
Sold by
Reddy Mamata
Bought by
Barnes Deanna and Dodge Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$287,910
Interest Rate
5.94%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 21, 2002
Sold by
Commercial Const Svcs
Bought by
Reddy Mamata
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Xu Hui | $550,000 | None Available | |
| Xu Hui | $550,000 | None Available | |
| Lam Brenda | $450,000 | None Available | |
| Morgan Thomas | $325,000 | -- | |
| Barnes Deanna | $319,900 | -- | |
| Barnes Deanna | $319,900 | -- | |
| Reddy Mamata | $230,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Lam Brenda | $360,000 | |
| Previous Owner | Morgan Thomas | $260,000 | |
| Previous Owner | Barnes Deanna | $264,000 | |
| Previous Owner | Barnes Deanna | $29,000 | |
| Previous Owner | Barnes Deanna | $287,910 | |
| Previous Owner | Barnes Deaana | $40,000 | |
| Previous Owner | Reddy Mamata | $60,000 | |
| Previous Owner | Reddy Mamata | $184,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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 |
| 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 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 | $59 | $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
-
Cheng Liang
-
Michael Lord
Seller's Agent in 2025
Michael Lord
Capital Realty Group
(508) 395-8333
1 in this area
38 Total Sales
-
Ashley Freudenthal
A
Tenant's Agent in 2025
Ashley Freudenthal
D & R Realty
(508) 904-2499
1 Total Sale
-
D
Seller's Agent in 2021
Dottie Morgan
Morris Real Estate
-
Eman Mok
E
Buyer's Agent in 2021
Eman Mok
Cornerstone Real Estate Brokerage
1 in this area
6 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73385830
APN: MALD-000129-000651-010205
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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