LAST SOLD ON SEP 30, 2021 FOR $405,000

174-2 Federal St #2,
Salem, MA 01970

$533,842

Redfin Estimate

Beds

1,716

Sq Ft

About this home

Tired of cookie cutter condos? Want something different? Character + Contemporary? Check out this McIntire Historic District Townhouse!! Your private entrance opens into a convenient mudroom w/staircase to 2nd level. Here you'll find the sun-filled kitchen w/a spacious dining area, wide pine floors, fireplace with exposed brick and newer stainless appliances. Plus lots of built-in open shelving storage! Currently used as a den, the generous 2nd bedroom features another fireplace, large closet and pine floors. Finish off this level with an updated 3/4 bath with granite vanity and storage nook. The top floor will surprise you with it's huge open layout living room complete with skylights, built-ins and half-cathedral ceiling. Ahhh, the grand master bedroom retreat boasts a soaring cathedral ceiling and phenomenal walk-in closet! The second bath with shower also features a skylight! The condo association offers a shared yard, is pet friendly & has off-street parking

Listed by Pam McKee Team • Keller Williams Realty Evolution

Bought with Pam McKee Team • Keller Williams Realty Evolution

Redfin checked: 8 minutes ago (Sept 21, 2023 at 4:32pm)

•Source:MLS PIN #72879122

Property Type

Townhouse

HOA Dues

$260/month

Year Built

1850

Community

Salem

Redfin Estimate

$533,842

Price/Sq.Ft.

$311

Buyer’s Agent Commission

Redfin Estimate for 174-2 Federal St #2

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Create an Owner Estimate

$533,842

+$129K since sold in 2021 • Last updated 09/21/2023 4:40 pm

Redfin Estimate based on recent home sales.

1 / 16
BOUGHT WITH REDFIN SEP 1, 2023
$535,000
A
Sold Price
2 Beds
2 Baths
980 Sq. Ft.
281 Essex St #306, Salem, MA 01970
$235/sq ft
50 years newer
281 Essex St #306, Salem, MA 01970
1 / 25
SOLD BY REDFIN FEB 24, 2023
$435,000
B
Last Sold Price
2 Beds
1 Bath
1,543 Sq. Ft.
333 Essex St #3, Salem, MA 01970
$29/sq ft
4 years newer
333 Essex St #3, Salem, MA 01970
1 / 37
SOLD DEC 21, 2022
$480,000
C
Last Sold Price
2 Beds
2 Baths
1,128 Sq. Ft.
35 Flint St #205, Salem, MA 01970
$115/sq ft
50 years newer
35 Flint St #205, Salem, MA 01970
1 / 20
SOLD AUG 30, 2023
$560,000
D
Sold Price
2 Beds
2 Baths
1,729 Sq. Ft.
51 Lafayette #302, Salem, MA 01970
$13/sq ft
154 years newer
51 Lafayette #302, Salem, MA 01970
1 / 25
SOLD AUG 24, 2023
$520,000
E
Sold Price
2 Beds
1.5 Baths
1,270 Sq. Ft.
74 Tremont St #2, Salem, MA 01970
$98/sq ft
65 years newer
74 Tremont St #2, Salem, MA 01970
1 / 29
SOLD JUL 25, 2023
$635,000
F
Sold Price
3 Beds
2.5 Baths
1,756 Sq. Ft.
112 Margin St #1, Salem, MA 01970
$51/sq ft
20 years newer
112 Margin St #1, Salem, MA 01970

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Rental Estimate for 174-2 Federal St #2

$2,886 / mo

Property details for 174-2 Federal St #2

Parking

Parking Information

Parking Total: 1

Parking Features: Assigned

Interior

Master Bedroom Information

Level: Third

Features: Cathedral Ceiling(s),Walk-In Closet(s),Flooring - Laminate,Recessed Lighting

Bedroom #2 Information

Level: Second

Features: Closet,Flooring - Wood,Lighting - Sconce,Lighting - Overhead

Bathroom Information

# of Bathrooms (Full): 2

Bathroom #1 Information

Level: Second

Features: Bathroom - 3/4,Bathroom - With Shower Stall,Flooring - Laminate,Countertops - Stone/Granite/Solid

Bathroom #2 Information

Level: Third

Features: Bathroom - 3/4,Bathroom - With Shower Stall,Skylight

Living Room Information

Level: Third

Features: Skylight,Flooring - Laminate,Open Floorplan,Recessed Lighting

Kitchen Information

Level: Second

Features: Ceiling Fan(s),Flooring - Wood,Dining Area,Pantry,Recessed Lighting,Stainless Steel Appliances

Laundry Information

Laundry Features: In Building

Fireplace Information

Has Fireplace

# of Fireplaces (Total): 2

Fireplace Features: Kitchen, Bedroom

Appliances

Appliances: Range,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Range Hood

Interior Features

# of Rooms (Total): 5

Flooring: Wood, Vinyl, Laminate, Flooring - Stone/Ceramic Tile

Interior Features: Entry Hall

Exterior

Building Information

Building Area (Total): 1,716

Construction Materials: Frame, Post & Beam

StructureType: Townhouse
Stories (Total): 3
Year Built Source: Public Records
Year Built Details: Actual

Exterior Features

Roof: Shingle, Rubber

Property Information

PropertySubType: Condominium

Entry Level: 2

Entry Location: Unit Placement(Front,Back)

Lot Information

Waterfront Features: Beach Front,1 to 2 Mile To Beach

Zoning: R2

Financial

Tax Information

Tax Annual Amount: $5,146.02

Tax Assessed Value: $372,900

Tax Year: 2021

Utilities

Utility Information

Sewer: Public Sewer

Water Source: Public

Electric: Circuit Breakers

Heating & Cooling

Has Heating

Heating: Steam, Natural Gas, Electric

Location

Multi-Unit Information

# of Units (Total): 2

HOA Information

Has Association

Association Fee: $260

Association Fee Frequency: Monthly
Association Fee Includes: Heat, Water, Sewer, Insurance

Location Information

Directions: North or Flint to Federal

UnparsedAddress: 174-2 Federal Street # 2, Salem MA 01970

Community Information

Senior CommunityYN: No

Community Features: Public Transportation, Shopping, Park, House of Worship, T-Station

Pets Allowed: Yes

Other

Listing Information

Disclosure: Y

Disclosures: The 1st & 2nd floor heat is included in the fee. 3rd floor is electric baseboard not in fee. Fireplaces are currently non-working. 2nd floor bedroom is set up as a Den-has large closet & exterior egress. No bathtub - 2 showers.

StandardStatus: Closed
Anticipated Sold Date: Thursday, September 30, 2021 4:00 AM
BuyerAgencyCompensation: 2
TransactionBrokerCompensation: 2

Property information provided by MLS PIN when last listed in 2021. This data may not match . Learn more.

Sale and tax history for 174-2 Federal St #2

Sale History
Tax History

Public facts and zoning for 174-2 Federal St #2

Beds

Baths

Sq. Ft.

1,716

Stories

Lot Size

—

Style

Condo/Co-op

Year Built

1850

Year Renovated

—

County

Essex County

APN

4078650

Home facts updated by county records on Jul 19, 2023.

Zoning

R2 | Permitted: Single-Family, Two-Family, Short-Term Rentals, Commercial

Cost of home ownership

$2,019 per month

30-year fixed, 3.5% interest

Customize calculations

Mortgage payment$1,455

Property taxes$435

HOA dues

Add

Homeowners' insurance$128

Utilities & maintenance

Add

Sale proceeds

Home sale price

Outstanding mortgage

Selling with traditional agentSelling with Redfin agent

+$5,338

Your total sale proceeds$190,716$196,054

Seller agent commission2.5% ($13,346)1.5% ($8,008)

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Schools

GreatSchools Summary Rating

3/10

Witchcraft Heights Elementary School

Public, K-5 • Serves this home • 0.7mi

5/10

Horace Mann Laboratory

Public, K-5 • Serves this home • 0.9mi

4/10

Saltonstall School

Public, K-8 • Serves this home • 0.9mi

-/10

Nathaniel Bowditch

Public, K-8 • Serves this home • 0.9mi

4/10

Collins Middle School

Public, 6-8 • Serves this home • 0.4mi

1/10

Salem - New Liberty Innovation School

Public, 9-12 • Nearby school • 0.7mi

-/10

Salem Prep High School

Public, 8-12 • Nearby school • 0.7mi

School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.

Around this home

Transportation near 174-2 Federal St #2

86/100

Very walkable

Walk Score®

36/100

Some transit

Transit Score®

60/100

Bikeable

Bike Score®

Climate risks

About climate risks

Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.

Risk Factor

Flood Factor - Minimal

Unlikely to flood in next 30 years

Fire Factor - Minor

0.00% chance of being in a wildfire in next 30 years

Heat Factor - Major

7 days above 96° expected this year, 15 days in 30 years

Wind Factor - Severe

80% chance of strong winds in next 30 years

Provided by First Street Foundation

Real estate market insights for 174-2 Federal St #2

Townhome sales (last 30 days)

Federal StreetNeighborhood
$529K
Median list price
14
Median days on mkt.
1
# listed homes
$468
Median $ / sq. ft.
106.8%
Median sale-to-list
1
# sold homes
01970ZIP
$529K
Median list price
16
Median days on mkt.
4
# listed homes
$354
Median $ / sq. ft.
104.0%
Median sale-to-list
11
# sold homes
SalemCity
$529K
Median list price
16
Median days on mkt.
4
# listed homes
$354
Median $ / sq. ft.
104.0%
Median sale-to-list
11
# sold homes
Essex CountyCounty
$569K
Median list price
21
Median days on mkt.
84
# listed homes
$318
Median $ / sq. ft.
103.4%
Median sale-to-list
87
# sold homes

Market competition in Federal Street

Calculated over the last 12 months

Very Competitive

Redfin Compete Score™

100

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 4% above list price and go pending in around 20 days.
Hot homes can sell for about 8% above list price and go pending in around 9 days.

Compare to nearby neighborhoods

Clifton is very competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 21 days.
Hot homes can sell for about 16% above list price and go pending in around 14 days.

South Peabody is most competitive

Most homes get multiple offers, often with waived contingencies.
The average homes sell for about 7% above list price and go pending in around 16 days.
Hot homes can sell for about 12% above list price and go pending in around 10 days.

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Estimated Sale Price

$508,000 – $604,000

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Nearby similar homes

Homes similar to 174-2 Federal St #2 are listed between $440K to $570K at an average of $265 per square foot.

1 / 31

$549,000

2 Beds

1.5 Baths

2,066 Sq. Ft.

8 Bengal Ln #8, Salem, MA 01970

1 / 39

OPEN SAT, 1:30PM TO 3PM

$569,900

2 Beds

1.5 Baths

1,516 Sq. Ft.

25 Hawthorne Cir #25, Peabody, MA 01960

1 / 22

OPEN SAT, 1PM TO 2:30PM

$509,900

2 Beds

2.5 Baths

2,430 Sq. Ft.

9 Patriot Ln Unit U:9, Salem, MA 01970

1 / 34

$439,900

3 Beds

2.5 Baths

2,048 Sq. Ft.

112 Lowell St #8, Peabody, MA 01960

Nearby recently sold homes

Nearby homes similar to 174-2 Federal St #2 have recently sold between $470K to $752K at an average of $415 per square foot.

1 / 37

SOLD JUL 12, 2023

$752,000 Last Sold Price

3 Beds

2 Baths

1,752 Sq. Ft.

37 Broad St #2, Salem, MA 01970

1 / 31

SOLD MAY 17, 2023

$560,000 Last Sold Price

2 Beds

1.5 Baths

1,688 Sq. Ft.

258 Lafayette St #4, Salem, MA 01970

1 / 21

SOLD JUN 1, 2023

$500,000 Last Sold Price

2 Beds

1.5 Baths

1,098 Sq. Ft.

34 Walter St Unit 2R, Salem, MA 01970

Home values near 174-2 Federal St #2

Data from public records.

Address	Redfin Estimate
180 Federal Street, Salem, MA 3 Beds \| 1 Baths \| 2146 Sq. Ft.	$581,951
172 Federal Street, Salem, MA 3 Beds \| 2.5 Baths \| 2635 Sq. Ft.	$739,662
167 Federal Street, Salem, MA 2 Beds \| 1 Baths \| 936 Sq. Ft.	$528,667
173 Federal Street, Salem, MA 6 Beds \| 2 Baths \| 2906 Sq. Ft.	$796,939
174 Federal Street Unit 1, Salem, MA 2 Beds \| 2 Baths \| 2221 Sq. Ft.	$690,573
171 Federal Street Unit A, Salem, MA 2 Beds \| 1.5 Baths \| 1315 Sq. Ft.	$558,450
180 Federal Street Unit A, Salem, MA 3 Beds \| 2 Baths \| 2146 Sq. Ft.	$616,553

Address	Redfin Estimate
178 Federal Street, Salem, MA 4 Beds \| 2.5 Baths \| 2320 Sq. Ft.	$985,374
170 Federal Street, Salem, MA 5 Beds \| 3.5 Baths \| 5000 Sq. Ft.	$1,000,614
169 Federal Street, Salem, MA 5 Beds \| 2.5 Baths \| 3000 Sq. Ft.	$883,102
175 Federal Street, Salem, MA 5 Beds \| 2 Baths \| 2687 Sq. Ft.	$809,177
182 Federal Street Unit 1, Salem, MA 3 Beds \| 1 Baths \| 1146 Sq. Ft.	$496,041
182 Federal Street Unit 3, Salem, MA 3 Beds \| 1 Baths \| 1182 Sq. Ft.	$458,279
171 Federal Street Unit 2, Salem, MA 3 Beds \| 2 Baths \| 2104 Sq. Ft.	$660,599

Address	Redfin Estimate
176 Federal Street, Salem, MA 8 Beds \| 2.5 Baths \| 3560 Sq. Ft.	$732,338
166 Federal Street, Salem, MA 2 Beds \| 1 Baths \| 1500 Sq. Ft.	$601,388
171 Federal Street Unit B, Salem, MA 2 Beds \| 2 Baths \| 2104 Sq. Ft.	$699,106
177 Federal Street, Salem, MA 10 Beds \| 5 Baths \| 7562 Sq. Ft.	—
182 Federal Street Unit 2, Salem, MA 3 Beds \| 1 Baths \| 1146 Sq. Ft.	$485,754
181 Federal Street, Salem, MA 4 Beds \| 2 Baths \| 2088 Sq. Ft.	$731,903
174 Federal Street Unit 174-B, Salem, MA 2 Beds \| 2 Baths \| 1716 Sq. Ft.	$573,630

More real estate resources

2 Orne Sq #2	16 Aurora Ln #16	All 01970 New Listings
28.5 Grove St	9 Patriot Ln Unit U:9
17 Central St #5	35 Aurora Ln #35
70 Weatherly #403	136 Bridge St
6 Carlton St	87 Federal St #1

Frequently asked questions for 174-2 Federal St #2

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How competitive is the market for this home?

Based on Redfin's market data from the past 3 months, we calculate that market competition in 01970, this home's neighborhood, is very competitive. Homes sell for about 4% above list price and go pending in around 20 days. Hot homes can sell for about 9% above list price and go pending in around 13 days. Compared to nearby markets, 01970 is more competitive than Clifton and less competitive than South Peabody.

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What's the housing market like in Federal Street?

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