CCertihomes
162 Federal St #1, Salem, MA 01970

$479,000

1 beds 2 baths 835 sqft Built 190033 days on marketActive

About this home

Open house FRI 5/17 5-6PM. Located in the heart of downtown Salem's coveted McIntire District, this modern sun filled unit in a stately building boasts a checklist rarely found in the area. Renovated to the studs in 2018 with new plumbing, electrical, kitchen & baths, heat and central a/c. First floor unit in elevatored building. Freshly refinished hardwood floors throughout. Tiled baths, stainless appliances, Soaring ceilings and oversized windows allow natural light to flood the open concept eat-in kitchen, dining & living area. Convenient in unit laundry area & half bath tucked away. Large bedroom with en-suite bath & dual closets. Exterior features common patio space, entrances on both Federal & Bridge Streets for convenience to downtown or routes out of town. Pet friendly association. 2 on site parking spaces. A very walkable 1/2 mile to the Commuter Rail & all of downtown Salem, easy access to area parks, amenities, schools, hospital, trails and Salem's thriving culture

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.2% APR.

Your estimated payment
$4,821/mo

Real estate (PITI + HOA + PMI)
$4,935
Principal + interest$3,089
Property tax + insurance$1,296
HOA$370
PMI / 2nd mortgage$180
Utilities
$407
Heating + cooling$42
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$4,821/mo TLC
Budget$5,321/mo
Remaining after TLC$500/mo
Purchase price
$479,000
Down payment
$23,950 (5%)
Loan amount
$455,050
APR
7.2%

Quick facts

Type
Condominium
Style
Year built
1900
Lot size
0.62 ac
Stories
1
Heating
Forced Air, Natural Gas
Cooling
Central Air
Water
Public
HOA
$370 / Monthly
Annual tax
$5,578
MLS #
73213256
County
Essex

At a glance

Air conditioning
Basement
Dishwasher

Home features

Appliances
RangeDishwasherDisposalPlumbed For Ice Maker
Exterior
PatioCity View(s)GardenProfessional Landscaping
Community
Public TransportationShoppingParkWalk/Jog TrailsMedical FacilityBike PathConservation AreaHouse of WorshipT-StationUniversity
Parking
Off StreetAssignedDrivewayPavedExclusive Parking
Kitchen
Flooring - HardwoodRecessed LightingStainless Steel Appliances
Security
Intercom
Flooring
Tile, Hardwood
Roof
Shingle, Slate, Rubber
Sewer
Public Sewer

Neighborhood — 01970

MetricThis ZIPCountyUSA
Population39,2106,444,931299,088,112
Population Change Since199012.00%7.00%20.00%
Population Density4,803786
Male18,2943,127,134147,432,321
Female20,9163,317,797151,655,844
Never Married11,7661,612,88563,775,926
Married13,4262,586,314123,120,365
Separated1,771247,85712,639,686
Widowed2,455363,59415,467,586
Divorced3,344436,88823,075,029
Number Of House Hold17,1122,431,591111,826,380
Average House Hold Size2.232.562.60
Medial Age36.0437.2535.46
Median House Hold Income$50,078$57,698$48,276
Average House Hold Income$61,376$75,023$63,629
P C I$28,089$29,196$24,529
M D I$42,238$48,105$41,133
A T H E$50,149$57,083$50,898
S T R5.00%5.00%
W C J83.24%81.38%77.74%
(Zip) Code
1970

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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MLSPIN

Listing information last refreshed 3/18/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.