$5,046 Closing Credit¹
#73328558, Daniel Meegan, Listing Office: J. Barrett & Company
$425,000 List price
116 Federal St Unit 2 Salem, MA 01970
$5,047
Closing credit¹
1 bed
1 full
885 sqft
$480 / sqft
Condo
Property details
About 116 Federal St Unit 2
116 Federal St Unit 2 delivers an unparalleled living experience rich in character nested in the historical McIntire District of Salem. The unit exudes quiet charm and thoughtful updates that blend seamlessly with the abundance of historic features. This home has been lovingly cared for to include refinish original wide board floors, newer individual furnace and water heater (less than 4 yrs old) and living room decorative fireplace custom restored with marble inset. Features of this condominium, 11 ft ceilings, turnkey and furnished, 2 decorative fireplaces, original wide board floors and the convenience of in unit laundry. The library is also a flex space for added sleeping. Beautiful grounds are stunning with perennial beds and plantings to bring beauty throughout the season. Deeded off street parking for 2 vehicles. Walking distance to train to Boston, Salem commons, two blocks to the Ropes Public Garden, restaurants, waterfront and so mush more that Salem has to offer
Highlights
Home typeCondominium
HeatingBaseboard, Oil, Other
StatusActive
(New)
(New)
CoolingWindow Unit(s)
Size885 sqft
Year built1782
ParkingOff Street, Tandem, Deeded
MLS #73380089
WaterfrontBeach, Ocean Front
FireplaceKitchen, Living Room
Summary
- Full Bathrooms: 1
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
- Flooring Type: Wood
- Interior: Library
- Fireplace: Kitchen, Living Room
- Total Bedroom Count: 1
- Parking: Off Street, Tandem, Deeded
- Waterfront: Beach, Ocean Front
- Exterior: Patio, Garden, Rain Gutters, Professional Landscaping
- Heating: Baseboard, Oil, Other
- Cooling: Window Unit(s)
- List Price: $425,000
- Price/SqFt: $480
- HOA Amount: $266 Monthly
- Directions: Route 114 to Federal St, Salem
- Year Built: 1782
- Stories: 1
- Living Area: 885 SqFt
- MLS Number: 73380089
- MLS Name: MLS Property Information Network
- Office Name: Coldwell Banker Realty - Lynnfield
- Office Phone: (781) 334-5700
- Listing Agent: Susan Kelsey
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.
Last updated on: 5/28/2025, 9:20:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$425,000
116 Federal St Unit 2
$5,047
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
5
Bates
Public District KG-5
0.9 mi
•53 Liberty Hill Ave
4
Carlton
Public District KG-5
0.9 mi
•10 Skerry St
4
Witchcraft Heights
Public District KG-5
1.0 mi
•1 Frederick St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $70,548. The most common annual income of people living in Salem, MA is between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
20%
<35k
41%
35k-100k
27%
100k-200k
12%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
70%
Single, No Kids
4%
Single, with Kids
18%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
8%
<11 yrs old
3%
12-17 yrs old
26%
18-34 yrs old
52%
35-64 yrs old
11%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Yoga/pilates
Major League Soccer (MLS)
Where do the neighbors shop?
Chico's
H&M
Banana Republic
Where do the neighbors go to eat?
Boston Market
Dominos Pizza
Sonic
What do the neighbors drive?
Volvo
Audi
Infiniti
What do the neighbors listen to?
Talk/Personality
Alternative
Urban Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 116 Federal St Unit 2
The listing price of 116 Federal St Unit 2 property is $425,000.
The property 116 Federal St Unit 2 is a condo located in Salem, Massachusetts, 01970.
Active Listing: 116 Federal St Unit 2 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 116 Federal St Unit 2 are: Bates (GreatSchools Rating 5/10), Carlton (GreatSchools Rating 4/10), Witchcraft Heights (GreatSchools Rating 4/10), Collins Middle School (GreatSchools Rating 3/10), Saltonstall School (GreatSchools Rating 3/10), J. Henry Higgins Middle School (GreatSchools Rating 5/10), New Liberty Innovation School (GreatSchools Rating 1/10), Salem Academy Charter School (GreatSchools Rating 6/10), Salem High School (GreatSchools Rating 3/10).
The property at 116 Federal St Unit 2 has 1 bedroom and 1 bathroom.
The property 116 Federal St Unit 2 is 885 SqFt (source: MLS/tax record).
The year of construction for 116 Federal St Unit 2 is 1782.
This home is located at 116 Federal St Unit 2 in Salem, MA and zip code 01970. This 885 square foot home was built in 1782. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since May 27, 2025 and is currently priced at $425,000.
In April 2025 more than 17 listings in Salem, MA were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 10 were sold below. Between March and April 2025, Salem, MA real estate market has seen increase in the number of listings by 18.3%. In April 2025 median list price was $602,266 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.