$449,000

5 School St Unit 1 Salem, MA 01970

$5,332
Closing credit¹
2 beds
2 full
1,038 sqft
$433 / sqft
Condo

Property details

About 5 School St Unit 1

Charming 2-bed, 2-bath condo in the historic Cogswell Condominiums, a converted 1862 brick schoolhouse in North Salem. This 1st-floor unit blends old-world charm with modern upgrades: exposed brick, hardwood floors, and a wood-burning fireplace in the open living area. The updated kitchen boasts granite counters, stainless steel appliances, a gas stove, and a high-bar for dining. Spacious primary bedroom with walk-in closet, plus a versatile 2nd bedroom. Two renovated baths, in-unit laundry hookups, central air, and a private deck add comfort. Includes 2 deeded parking spaces. Less than a mile from Salem Train Depot (35 mins to Boston), near Rt. 114/128, and steps from downtown’s historic sites and dining. Low condo fee covers water, sewer, snow removal, and maintenance. Perfect for commuters or history lovers

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas, ENERGY STAR Qualified Equipment
StatusActive
CoolingCentral Air
Size1,038 sqft
Year built1862
ParkingAssigned
MLS #73357004
WaterfrontBeach, Harbor
FireplaceLiving Room

Summary

  • MLS Number: 73357004
  • MLS Name: MLS Property Information Network
  • Office Name: Liberty Residential Realty, LLC
  • Office Phone: (978) 434-0074
  • Listing Agent: David Picardy

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.
Last updated on: 4/15/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$449,000

5 School St Unit 1

$5,332

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

0.4 mi

53 Liberty Hill Ave

4

Thomas Carroll Elementary School

Public District KG-5

0.7 mi

60 Northend St

4

Carlton

Public District KG-5

0.8 mi

10 Skerry St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $70,791. Typical income of Salem, MA residents is between $35k-100k annually. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.

How much money do the neighbors make?

21%
<35k
46%
35k-100k
31%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
12%
Single, with Kids
22%
Married, No Kids
15%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
5%
12-17 yrs old
27%
18-34 yrs old
41%
35-64 yrs old
12%
65+ yrs old

What do the neighbors do for fun?

  • Minor League Baseball GamesMinor League Baseball Games
  • Yoga/pilatesYoga/pilates
  • SoccerSoccer

Where do the neighbors shop?

  • New York & CompanyNew York & Company
  • H&MH&M
  • Forever 21Forever 21

Where do the neighbors go to eat?

  • Chick-fil-AChick-fil-A
  • Dominos PizzaDominos Pizza
  • Bob EvansBob Evans

What do the neighbors drive?

  • KiaKia
  • AudiAudi
  • MazdaMazda

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • AlternativeAlternative
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5 School St Unit 1

This home is located at 5 School St Unit 1 in Salem, MA and zip code 01970. This 1,038 square foot home was built in 1862. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 9, 2025 and is currently priced at $449,000.

Over 24 listings were sold over their listed price in March 2025 in Salem, MA. In the same period over 5 listings were sold below the listed price and 4 listings were sold for the listed price. The number of listings in Salem, MA increased by 40.3% between February and March 2025. In March 2025, listings were on the market for 29 days. During the same period, the median list price in this real estate market was $600,000.

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

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