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Downtown Salem Condo for Sale

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    $749,000

    • 2 Beds
    • 2 Baths
    • 1,395 Sq Ft

    20 Central St Unit 402, Salem, MA 01970

    Updated penthouse unit in desirable building with Westerly views across the city of historic Derby Square and Old Town Hall. Located in the heart of Salem, steps from shops, restaurants, museums, harbor, the Salem Common and the Commuter Rail, this unit has it all. Renovations by the current owners resulted in a spacious gourmet kitchen with newly installed quartz countertops and tile floors as

    Amanda Armstrong Compass

    20 Central St Unit 402, Salem, MA 01970

About Downtown Salem

Downtown Salem offers a mix of multi-unit and multi-use buildings, with residences often found above ground-level storefronts. These condos and apartments, ranging from two to six stories, date back to the early 1900s through the 1990s, with new developments emerging near the river and train station. Residents enjoy easy access to green spaces like Salem Common, featuring paved walkways, a basketball court, and a playset, as well as Winter Island Park, which offers camping, boat ramps, and Waikiki Beach. The Salem YMCA provides additional recreational facilities. Dining options are abundant, with popular spots like Ledger, O'Neil’s Pub & Restaurant, and All Souls Bar, alongside numerous boutiques and stores with magical themes. Grocery shopping is convenient with local markets and chains like Stop & Shop and Market Basket within 2 miles. Cultural attractions include the Peabody Essex Museum and historic city hall, which hosts reenactments of the Salem Witch Trials. Events such as the Salem’s So Sweet Chocolate and Ice Sculpture Festival add to the vibrant community life. The neighborhood is highly walkable, with streets closed to cars, and the Salem commuter rail station offers a 30-minute ride to Boston’s North Station. Boston Logan International Airport is 16 miles away, and Salem Hospital is less than a mile from the neighborhood. Education options include the highly rated Salem Academy Charter School.

Home Trends in Downtown Salem, MA

Home Trends

Median Price (12 Mo)
$432,500
Median Townhouse Price
$450,000
Median 2 Bedroom Price
$529,500
Median 1 Bedroom Price
$385,000
Average Price Per Sq Ft
$514
Number of Homes for Sale
2
Last 12 months Home Sales
26
Months of Supply
0.90
Median List Price
$449,500
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
-4%
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