56 Peabody St Unit 2W Salem, MA 01970
The Point NeighborhoodEstimated payment $2,806/month
Highlights
- Open Floorplan
- Corner Lot
- Porch
- Property is near public transit
- Jogging Path
- 5-minute walk to Mary Jane Lee Park
About This Home
Looking for a Salem condo that feels move-in ready and close to everything? This updated corner unit has it all — style, natural light, and a location that makes daily life easy. The open layout offers a sunny living and dining area with high ceilings and large windows, a well-appointed kitchen with tile flooring, pantry, and access to a private porch for morning coffee or evening unwinding. Two comfortable bedrooms include a spacious primary with a walk-in closet, and the full bath features in-unit laundry hookups for convenience. Updates like newer windows, fresh vinyl plank flooring, and freshly painted, private deck make this one easy and enjoyable. One assigned off-street parking space plus extra guest and street parking make it easy to come and go. All within a short walk to the commuter rail, Salem’s vibrant downtown, the waterfront, museums, shops, multiple parks and restaurants. Don’t wait — opportunities in this sought-after location aren't to be missed!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,385
Year Built
- Built in 1915
HOA Fees
- $400 Monthly HOA Fees
Home Design
- Entry on the 2nd floor
Interior Spaces
- 825 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Entrance Foyer
- Basement
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- Walk-In Closet
- 1 Full Bathroom
Laundry
- Laundry on upper level
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Off-Street Parking
- Deeded Parking
- Assigned Parking
Schools
- Bates Elementary School
- Collins Middle School
- Salem High School
Utilities
- Window Unit Cooling System
- 1 Heating Zone
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Individual Controls for Heating
- Baseboard Heating
Additional Features
- Porch
- Two or More Common Walls
- Property is near public transit
Listing and Financial Details
- Assessor Parcel Number M:34 L:0380 S:804,2135871
Community Details
Overview
- Association fees include water, sewer, insurance, security, maintenance structure, snow removal, trash, reserve funds
- 8 Units
- Low-Rise Condominium
- 56 Peabody Street Condominium Community
Amenities
- Laundry Facilities
Recreation
- Jogging Path
Pet Policy
- Call for details about the types of pets allowed
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,385 | $298,500 | $0 | $298,500 |
| 2024 | $2,338 | $201,200 | $0 | $201,200 |
| 2023 | $1,828 | $146,100 | $0 | $146,100 |
| 2022 | $1,758 | $132,700 | $0 | $132,700 |
| 2021 | $1,725 | $125,000 | $0 | $125,000 |
| 2020 | $1,698 | $117,500 | $0 | $117,500 |
| 2019 | $1,613 | $106,800 | $0 | $106,800 |
| 2018 | $1,489 | $96,800 | $0 | $96,800 |
| 2017 | $1,434 | $90,400 | $0 | $90,400 |
| 2016 | $1,319 | $84,200 | $0 | $84,200 |
| 2015 | $1,283 | $78,200 | $0 | $78,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2025 08/27/25 | Price Changed | $399,000 | -2.7% | $484 / Sq Ft | |
| 07/30/2025 07/30/25 | For Sale | $409,900 | +29.7% | $497 / Sq Ft | |
| 12/18/2023 12/18/23 | Sold | $316,000 | -2.8% | $383 / Sq Ft | View Prior Sale |
| 11/28/2023 11/28/23 | Pending | -- | -- | -- | |
| 10/27/2023 10/27/23 | For Sale | $325,000 | 0.0% | $394 / Sq Ft | |
| 09/14/2023 09/14/23 | Pending | -- | -- | -- | |
| 09/07/2023 09/07/23 | For Sale | $325,000 | -- | $394 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Condominium Deed | $316,000 | None Available | |
| Condominium Deed | $191,000 | None Available | |
| Deed | -- | -- | |
| Deed | $37,000 | -- | |
| Deed | $30,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $67,110 | No Value Available | |
| Previous Owner | $79,920 | Purchase Money Mortgage | |
| Previous Owner | $27,750 | Purchase Money Mortgage | |
| Previous Owner | $30,000 | Purchase Money Mortgage |
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73411337
APN: SALE-000034-000000-000380-000804-000804
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