CCertihomes
18 Chestnut St, Salem, MA 01970

$1,850,000

6 beds 6 baths 4,258 sqft Built 18006 days on marketActive

About this home

Exquisite circa 1800 home on beautiful Chestnut Street! Perfect for single family home buyer happy to defray costs with a rental unit or for multi-generational living. Units can easily be combined. Masterfully restored over 3 years, with all new systems, plumbing & electrical while retaining its antique charm. Windows were carefully restored or custom made to precise historic standards w/traditional wavy glass for authenticity. Lovely woodwork showcases Georgian, Federal, & Colonial Revival styles. Main unit has 3-4 BRs 2 ½ baths plus the sunniest office overlooking Chestnut St; lower unit has 2 BRs 2 ½ baths. Beautiful brick & cobblestone patio is accessible by both units as you see fit; flexes as off-street parking during the winter. Once home to Nathaniel Hawthorne who published the “Scarlet Letter” shortly after leaving. Ideally located on the corner of romantic Botts Court & elegant Chestnut St, minutes from the train station, restaurants, the PEM & waterfront.

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$12,004/mo

Real estate (PITI + HOA + PMI)
$12,183
Principal + interest$8,391
Property tax + insurance$3,098
PMI / 2nd mortgage$694
Utilities
$565
Heating + cooling$121
Internet + TV + phone$157
Water + sewer + garbage$58
Transportation
$129
Car insurance + maintenance$129
Other (entertainment)
$157
$12,004/mo TLC
Budget$12,504/mo
Remaining after TLC$500/mo
Purchase price
$1,850,000
Down payment
$92,500 (5%)
Loan amount
$1,757,500
APR
4%

Quick facts

Type
Single Family Residence
Style
Antique
Year built
1800
Lot size
0.07 ac
Stories
0
Heating
Central, Forced Air
Cooling
Central Air
Water
Public
HOA
Annual tax
$15,263
MLS #
73237613
County
Essex

At a glance

Air conditioning
Fireplace
Basement

Home features

Appliances
Gas Water Heater
Community
Public TransportationShoppingParkWalk/Jog TrailsGolfMedical FacilityBike PathConservation AreaHighway AccessHouse of WorshipMarinaPublic SchoolT-StationUniversity
Flooring
Wood, Tile
Roof
Shingle
Sewer
Public Sewer

Lot features

Corner Lot

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 5/14/2024. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.