Desirable downtown Salem condo in three-unit building with a custom kitchen featuring stainless steel appliances and a granite countertop. Two bedrooms, two bathrooms, in-unit laundry, hardwood floors, and off-street parking with one garage space. The open dining and living room combine to make plenty of entertaining space. New disposal, stove, dishwasher and kitchen faucet in 2025. Pets – ‘one ordinary domestic household cat or dog may be kept by any unit owner’. Venture just 0.4 miles to the Peabody Essex Museum and take advantage of all that awaits in the bustling downtown, featuring dozens of restaurants. Commuting is easy with the Salem train station 0.7 miles away. Stick close to home and enjoy the Salem Common 0.2 miles, Collins Cove or the Derby Wharf both at just 0.3 miles away.
Sold for $530,000
$530,000
40 Essex St #2, Salem, MA 01970
2beds
1,159sqft
Condominium, Townhouse
Built in 1870
5,144 Square Feet Lot
$529,200 Zestimate®
$457/sqft
$3,299 Estimated rent
Home value
$529,200
$487,000 - $577,000
$3,299/mo
Zestimate® history
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$3,507/mo
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List your homeWhat's special
Garage spaceIn-unit laundryHardwood floorsGranite countertopStainless steel appliancesOff-street parkingCustom kitchen
Zillow last checked:
Listing updated:
Listed by:
Jonathan Davis 978-559-1304,
Coldwell Banker Realty - Beverly 978-927-1111
Bought with:
Gina M. Jones
Barrett, Chris. J., REALTORS®
Source: MLS PIN,MLS#: 73453515
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Features: Bathroom - Full, Closet, Flooring - Hardwood, Lighting - Overhead
- Level: Second
- Area: 187
- Dimensions: 17 x 11
Bedroom 2
- Features: Closet, Flooring - Hardwood
- Level: Second
- Area: 187
- Dimensions: 17 x 11
Primary bathroom
- Features: Yes
Bathroom 1
- Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
- Level: Second
- Area: 63
- Dimensions: 9 x 7
Bathroom 2
- Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Enclosed Shower - Fiberglass, Pedestal Sink
- Level: Second
- Area: 56
- Dimensions: 8 x 7
Dining room
- Features: Closet, Flooring - Hardwood, Open Floorplan, Lighting - Overhead
- Level: Second
- Area: 110
- Dimensions: 11 x 10
Kitchen
- Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Exterior Access, Recessed Lighting, Stainless Steel Appliances
- Level: Second
- Area: 198
- Dimensions: 18 x 11
Living room
- Features: Closet, Flooring - Hardwood, Cable Hookup, Exterior Access, Open Floorplan, Lighting - Overhead
- Level: Second
- Area: 252
- Dimensions: 21 x 12
Heating
- Baseboard, Natural Gas
Cooling
- Window Unit(s)
Appliances
- Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
- Laundry: Laundry Closet, Main Level, Second Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Features
- Flooring: Wood, Tile
- Doors: Insulated Doors
- Windows: Insulated Windows
- Has basement: Yes
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 1,159
- Total interior livable area: 1,159 sqft
- Finished area above ground: 1,159
Property
Parking
- Total spaces: 2
- Parking features: Detached, Assigned, Off Street
- Garage spaces: 1
- Uncovered spaces: 1
Features
- Patio & porch: Patio
- Exterior features: Patio, Rain Gutters
Lot
- Size: 5,144 Square Feet
Details
- Parcel number: M:35 L:0434 S:802,4765544
- Zoning: R2
Construction
Type & style
- Home type: Townhouse
- Property subtype: Condominium, Townhouse
Materials
- Frame
- Roof: Shingle
Condition
- Year built: 1870
- Major remodel year: 2008
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup
Community & HOA
Community
- Features: Public Transportation, T-Station
HOA
- Services included: Water, Sewer, Insurance, Maintenance Structure, Reserve Funds
- HOA fee: $187 monthly
Location
- Region: Salem
Financial & listing details
- Price per square foot: $457/sqft
- Tax assessed value: $479,600
- Annual tax amount: $5,439
- Date on market: 1/27/2026
Price history
| Date | Event | Price |
|---|---|---|
| 3/30/2026 | Sold | $530,000-1.7%$457/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 1/12/2026 | Contingent | $539,000$465/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 12/30/2025 | Listed for sale | $539,000$465/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 12/18/2025 | Listing removed | $539,000$465/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 12/2/2025 | Price change | $539,000-1.8%$465/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 11/11/2025 | Listed for sale | $549,000+117%$474/sqft |
Source: MLS PIN #73453515 Report a problem | ||
| 7/15/2008 | Sold | $253,000$218/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,439 +2.5% | $479,600 +5% |
| 2024 | $5,307 +5% | $456,700 +13% |
| 2023 | $5,055 | $404,100 |
| 2022 | $5,055 +4.8% | $404,100 +15.6% |
| 2021 | $4,823 +1.9% | $349,500 +6.7% |
| 2020 | $4,734 +5.1% | $327,600 +9.8% |
| 2019 | $4,506 +7.4% | $298,400 +9.4% |
| 2018 | $4,194 +1.8% | $272,700 +5% |
| 2017 | $4,119 +5.6% | $259,700 +4.4% |
| 2016 | $3,899 -0.2% | $248,800 +4.5% |
| 2015 | $3,907 +5.6% | $238,100 +7.6% |
| 2014 | $3,701 +2.9% | $221,200 -3.8% |
| 2012 | $3,595 +1% | $230,000 -2.7% |
| 2011 | $3,559 +3.6% | $236,500 -3.5% |
| 2010 | $3,434 | $245,100 |
Find assessor info on the county website
Neighborhood: 01970
Nearby homes
- $467,5002 bd1 ba922 sqft40 Essex St #3, Salem, MA 01970Off Market
- $523,7002 bd2 ba1.1k sqft40 Essex St #1, Salem, MA 01970Off Market
- $534,9002 bd2 ba1.1k sqft40 Essex St, Salem, MA 01970Off Market
- $425,0002 bd1 ba910 sqft42 Essex St UNIT 1, Salem, MA 01970Pending
- $878,8004 bd2 ba2.5k sqft38 Essex St, Salem, MA 01970Off Market
- $638,9003 bd2 ba1.4k sqft36 Essex St #2, Salem, MA 01970Off Market
- $635,5003 bd2 ba1.4k sqft36 Essex St #B, Salem, MA 01970Off Market
- $500,7002 bd2 ba875 sqft36 Essex St #A, Salem, MA 01970Off Market
Nearby schools
GreatSchools rating
- 5/10Carlton Elementary SchoolGrades: K-5Distance: 0.6 mi
- 5/10Saltonstall SchoolGrades: K-8Distance: 0.8 mi
- NASalem Prep High SchoolGrades: 9-12Distance: 0.4 mi
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Estimated market value
$529,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$529,200
- Massachusetts
- Essex County
- Salem
- 01970
- 40 Essex St Unit 2
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