Skip to content
Bean Group
← Back to search

Active

40 Essex Street #1

Salem, MA 01970

$549,900
2Bedrooms
2Bathrooms
1,153Square feet
1870Year built

Residential · Active · MLS #73570783
Listing Courtesy of MerryFox Realty | Merry Fox Team

MLS PIN data

About this home

Too good to be true????? Ideally located just 0.2 miles from vibrant downtown Salem and the Salem Common, this sunny FIRST-FLOOR home offers comfortable, convenient city living. The open-concept layout features TWO BEDROOMS AND TWO FULL BATHROOMS along with beautiful hardwood floors throughout. The well-appointed kitchen boasts granite countertops and stainless steel appliances, while CENTRAL A/C and IN-UNIT LAUNDRY add everyday comfort and convenience. A private entrance with a charming porch provides a welcoming outdoor space. Additional amenities include basement storage, GARAGE PARKING FOR ONE CAR, plus an additional driveway space. PET-FRIENDLY with one dog or cat permitted per unit. A wonderful opportunity to enjoy all that Salem has to offer, right outside your door!

Property information

Details at a glance

Interior

Rooms
5
Heating
Central, Natural Gas
Cooling
Central Air
Flooring
Wood, Tile, Carpet

Building

Style
Condominium
Year built
1870
Garage
1
Parking
2
Roof
Shingle

Land & utilities

Water
Public
Sewer
Public Sewer
Zoning
R2

Financial

Annual taxes
$4,718
Assessment year
2026
HOA fee
192.5

Listing history

Price and status timeline

No additional public listing history was supplied for this property.

Property value estimate

An informed starting point

Estimated value$561,076

Estimated range $544,374$577,778

Request a professional valuation →

Automated estimates are not appraisals or guarantees of market value.

Comparable sales

Recent properties for context

Sold Jul 1, 2026$570,000

191 Main Street #2A

Sold Jun 15, 2026$500,000

31 Mayflower St #3

Photo insights

Condition signals

Overall presentationaverage

Generated from listing photography; not a substitute for an inspection.

Local market context

How this home compares in Salem

MetricThis propertySalem
List price$549,900$569,9004% below local
Price / sq ft$477$4418% above local
Days on market43187% below local
Explore homes in Salem

Active city listing statistics from MLS PIN as of September 7, 2026. Asking prices are not completed-sale values.

Keep exploring

Similar homes nearby

Same city and within 25% of the asking price, matched by property type and bedroom count when available and ranked by size and price.

Bean Group guidance

Useful next steps

Request property information

Select a document or report and Bean Group will help track it down.

Availability varies by property and source. Documents are requested from the appropriate source and may not be immediately available.

Considering this property?

Decide whether it deserves a closer look.

A local Bean Group agent can help you compare nearby inventory, understand the listing details, and identify the questions worth answering before you visit.

Compare nearby homes

Common questions

About 40 Essex Street #1

Can I schedule a private showing?

Yes. Request a tour of 40 Essex Street #1 and a Bean Group agent will help coordinate an available time with the listing side.

Can you help me evaluate this property?

Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.

Are property documents available?

Availability varies by property and source. Request the documents you need and we will help obtain what is available.