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Backup Offers

162 Federal St Unit 7, Salem, MA, 01970

$579,000

Home List Price

$6,876*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,452 SqFt
$399/SqFt
Condo
Schools Nearby

Location

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162 Federal St Unit 7, Salem$579,000

Buyer Closing Credits

$6,876*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff Street, Assigned, Driveway, Paved, Exclusive Parking
Year Built1900
HeatingForced Air, Natural Gas
CoolingCentral Air
WaterfrontBeach, Ocean Front, River
MLS #73223876
Lot Size0.62 Acres
StatusAccepting Backup Offers
(Contingent)

About 162 Federal St Unit 7

First showing on Friday evening 4/19. Located in the heart of Salem's coveted McIntire District and winner of the prestigious Tsongas award for historic restoration, this stately historic building boasts an impressive checklist Including an elevator and TWO parking spaces per unit. This modern sun-filled 2 bed, 2.5 bath penthouse level townhouse features fabulous views of Salem. Renovated/restored to the studs in 2018 with new plumbing, electrical, kitchen & baths, gas heat & central a/c, Freshly refinished hardwood floors throughout, subway tiled baths, stainless appliances. open concept eat-in kitchen, dining & living area on main level. Primary bedroom with en-suite bath. Convenient in-unit laundry. Exterior features include a common patio space & entrances on both Federal & Bridge Streets for convenience to downtown or routes out of town. Pet friendly association. A very walkable .5 mile to the Commuter Rail & all of downtown Salem's amenities, easy access to area parks & schools

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,452 SqFt

Listing Office:

  • Office Name: Atlantic Coast Homes,Inc
  • Listing Agent: Michael Becker

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Disposal, Plumbed For Ice Maker
  • Flooring Type: Tile, Hardwood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Beach, Ocean Front, River

Parking Information:

  • Parking: Off Street, Assigned, Driveway, Paved, Exclusive Parking

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Salem High School, Public District Grades 9-12
  • Collins Middle School, Public District Grades 6-8
  • Saltonstall School, Public District Grades KG-8
  • Nathaniel Bowditch, Public District Grades KG-8
  • Witchcraft Heights, Public District Grades KG-5
  • Bates, Public District Grades KG-5
  • Carlton, Public District Grades KG-5

Other

Directions Information:

  • Directions: North Street to Federal Street

Price Information

Listing Price Info

Price Summary:

  • List Price: $579,000
  • Price Per SqFt: $399/SqFt

Agent Commission:

  • Buyer's Agent Commission: 2.5

HOA Fees:

  • Amount: $340
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in Salem, MA.

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Salem, MA

City

Med. Sold Price

$549.9K

Med. Price/SqFt

$381

Avg. Days On Market

25

# of Sold Homes

34

162 Federal St Unit 7 vs Salem

16 DAYS ON ROCKET

-9 Days

$579,000

+$29K More

$399/SqFt

+$18 More

KEY TAKEAWAY

This property is $29K more than the Median Sold Price and $18/SqFt more than other homes in Salem, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73223876

Listing Office:

  • Office Name: Atlantic Coast Homes,Inc
  • Listing Agent: Michael Becker

IDX Disclaimer: The property listing data and information 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 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 set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 9:25:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$3,297

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,802

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4119061
3
/10

  • Witchcraft Heights

  • 1 Frederick St

  • 0.76 miles

  • Public District Grades KG-5

school-card-donut-4119062
5
/10

  • Bates

  • 53 Liberty Hill Ave

  • 1.01 miles

  • Public District Grades KG-5

school-card-donut-4119063
4
/10

  • Carlton

  • 10 Skerry St

  • 1.15 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4119064
4
/10

  • Collins Middle School

  • 29 Highland Ave

  • 0.38 miles

  • Public District Grades 6-8

school-card-donut-4119065
4
/10

  • Saltonstall School

  • 211 Lafayette St

  • 0.86 miles

  • Public District Grades KG-8

school-card-donut-4119066
2
/10

  • Nathaniel Bowditch

  • 79 Willson St

  • 0.87 miles

  • Public District Grades KG-8

High School

school-card-donut-4119067
3
/10

  • Salem High School

  • 77 Willson St

  • 0.99 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,456. Residents of Salem, MA typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 162 Federal St Unit 7

What is the listing price of this property?

The listing price of 162 Federal St Unit 7 property is $579,000.

What type of property is this?

The property 162 Federal St Unit 7 is a condo located in Salem, Massachusetts, 01970.

Is this property for sale now?

Accepting Backup Offers: 162 Federal St Unit 7 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What are the assigned schools for this property?

The assigned schools for 162 Federal St Unit 7 are:
Witchcraft Heights: GreatSchools Rating 3/10
Bates: GreatSchools Rating 5/10
Carlton: GreatSchools Rating 4/10
Collins Middle School: GreatSchools Rating 4/10
Saltonstall School: GreatSchools Rating 4/10
Nathaniel Bowditch: GreatSchools Rating 2/10
Salem High School: GreatSchools Rating 3/10

How many bedrooms and bathrooms does this property have?

The property at 162 Federal St Unit 7 has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 162 Federal St Unit 7 is 1,452 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 162 Federal St Unit 7 is 1900.

Rocket Homes›Massachusetts›Essex County›Salem›01970›162 Federal St Unit 7

This home is located at 162 Federal St Unit 7 in Salem, MA and zip code 01970. This 1,452 square foot home, which was built in 1900, sits on a 0.62 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $579,000.

In March 2024, from all listings sold in Salem, MA there were more than 26 sold above asking price, over 4 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Salem, MA between February 2024 and March 2024 increased by 5.8%. In March 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $549,925.

From Rocket Homes Real Estate and based on county public records data.

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