Sold for $493,000

$493,000

42 Broad St APT 4, Salem, MA 01970

2beds

1,060sqft

Condominium

Built in 1900

-- sqft lot

$505,000 Zestimate^®

$465/sqft

$2,823 Estimated rent

Home value

$505,000

$460,000 - $556,000

$2,823/mo

Zestimate^® history

Owner options

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$2,823/mo

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$2,823/mo

Rent Zestimate^®

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$2,487/mo

Est. payment

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$2,487/mo

Est. payment

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What's special

In-unit laundryEat-in kitchenWide residential boulevardTwo deeded parking spacesNewly installed windowsSpacious walk-in entry closetStorage room

This bright spacious two bedroom condo is located on a wide residential boulevard conveniently located within blocks to downtown Salem, the Historic Federal McIntire District, as well as close to the major highways and train station for commuting. Newly installed windows throughout for efficient heat lend to the bright rooms with high ceilings. Two very large bedrooms, the main bedroom with full bath and double closets, in-unit laundry, spacious walk-in entry closet, large living room and eat-in kitchen with sliding doors to a private deck complete this unit. The unit also offers a storage room and two deeded parking spaces in the rear of the property. New Heating system and new hot water heater installed second week of January 2025. Solid HOA and management company make this a rare opportunity for a buyer to have all the amenities Salem has to offer. As a resident, many free passes to museums, sandy beaches and harbor. See Firm Remarks regarding offers.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Features: Bathroom - Full, Closet, Flooring - Wall to Wall Carpet
Level: Second
Area: 120
Dimensions: 10 x 12

Bedroom 2

Features: Closet, Flooring - Wall to Wall Carpet
Level: Second
Area: 110
Dimensions: 10 x 11

Primary bathroom

Features: Yes

Bathroom 1

Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Vinyl
Level: Second
Area: 35
Dimensions: 5 x 7

Bathroom 2

Features: Bathroom - With Tub & Shower, Flooring - Vinyl
Level: Second
Area: 56
Dimensions: 7 x 8

Kitchen

Features: Flooring - Wood, Balcony / Deck, Recessed Lighting, Lighting - Pendant
Level: Second
Area: 130
Dimensions: 10 x 13

Living room

Features: Flooring - Hardwood, Lighting - Overhead, Crown Molding
Level: Second
Area: 169
Dimensions: 13 x 13

Heating

Baseboard

Cooling

None

Appliances

Included: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry: Laundry Closet, Second Floor

Features

Walk-In Closet(s)
Flooring: Wood, Vinyl, Carpet
Windows: Insulated Windows
Has basement: Yes
Has fireplace: No

Interior area

Total structure area: 1,060
Total interior livable area: 1,060 sqft
Finished area above ground: 1,060

Property

Parking

Total spaces: 2
Uncovered spaces: 2

Accessibility

Accessibility features: No

Features

Waterfront features: Harbor, Ocean, Direct Access, 1 to 2 Mile To Beach

Details

Parcel number: 4078551
Zoning: R2

Construction

Type & style

Home type: Condo
Property subtype: Condominium
Attached to another structure: Yes

Materials

Roof: Slate

Condition

Year built: 1900

Utilities & green energy

Electric: Circuit Breakers, 200+ Amp Service
Sewer: Public Sewer
Water: Public

Green energy

Energy efficient items: Thermostat

Community & neighborhood

Community

Community features: Public Transportation, Shopping, Walk/Jog Trails, Golf, Medical Facility, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University

Location

Region: Salem

HOA & financial

HOA

HOA fee: $317 monthly
Amenities included: Storage
Services included: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Price history

Date	Event	Price
3/25/2025	Sold	$493,000-1.4%$465/sqft
Source: MLS PIN #73325810 Report a problem
3/4/2025	Pending sale	$499,900$472/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #73325810 Report a problem
1/14/2025	Listed for sale	$499,900+118.3%$472/sqft
Source: MLS PIN #73325810 Report a problem
8/13/2010	Sold	$229,000-22.4%$216/sqft
Source: Public Record Report a problem
3/15/2006	Sold	$295,000+19%$278/sqft
Source: Public Record Report a problem
10/10/2003	Sold	$248,000+30.5%$234/sqft
Source: Public Record Report a problem
6/29/2001	Sold	$190,000+21%$179/sqft
Source: Public Record Report a problem
9/2/1999	Sold	$157,000$148/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,077 +2.2%	$447,700 +4.7%
2024	$4,966 -1.8%	$427,400 +5.7%
2023	$5,058	$404,300
2022	$5,058 +3%	$404,300 +13.6%
2021	$4,910 +5.2%	$355,800 +10.2%
2020	$4,667 +6.8%	$323,000 +11.6%
2019	$4,371 +9.7%	$289,500 +11.7%
2018	$3,986 +2.7%	$259,200 +5.9%
2017	$3,881 +2.9%	$244,700 +1.7%
2016	$3,770 +2.5%	$240,600 +7.3%
2015	$3,679 +2.5%	$224,200 +4.5%
2014	$3,589 -3.6%	$214,500 -9.9%
2012	$3,722 -1.3%	$238,100 -5%
2011	$3,772 +3.1%	$250,600 -4%
2010	$3,658 +3%	$261,100 -5%
2009	$3,552 +5.4%	$274,900 -4.8%
2008	$3,369 +8.1%	$288,700 -0.2%
2007	$3,117	$289,400