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33 Chestnut St, Salem, MA, 01970

5beds
4baths
4,369sqft
$1,695,000
$388price/sqft
$11,539/moest. monthly cost
$461,560/yrincome needed

About This Home

Grand Federal townhouse offering four floors of gracious living on Salem's celebrated Chestnut Street. Generously scaled living and dining rooms showcase original woodwork and elegant King of Prussia marble mantels. A pair of dramatic 9-foot doorways in the dining room open to a deck with steps to the garden below, creating seamless indoor-outdoor living. Reflecting the home's thoughtful design, a service kitchen on the main level connects by dumbwaiter to the chef's kitchen below, featuring Thermador fridge & freezer and an 8-burner gas range. The second floor offers a bay-windowed library/office with panoramic Chestnut Street views, a spacious den, and a primary suite. Two additional bedrooms, an office and bathroom occupy the third floor. In the McIntire Historic District, among Salem's finest 19th-century homes, this remarkable residence enjoys a beautiful garden, bluestone patio, and a welcoming neighborhood known for its active social traditions and strong sense of community.

Getting Around

93
WalkingWalker's Paradise
39
TransitSome Transit
68
BikeBikeable

Schools

5/10
Saltonstall SchoolGrades K-80.7 mi
--
Salem Prep High SchoolGrades 9-120.5 mi
6/10
Collins Middle SchoolGrades 6-80.3 mi

Construction

Condition

  • Year built: 1828

Materials

  • Foundation: Granite

Type & Style

  • Home type: SingleFamily
  • Architectural style: Antique
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Flooring: Marble,Pine
  • Number of fireplaces: 6
  • Fireplace: Yes
  • Finished area above ground: 4,369

Heating & Cooling

  • Heating features: Central,Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,369
  • Total interior livable area: 4,369 sqft

Master Bathroom

  • Features: Yes

Property

Details

  • Parcel number: M:25 L:0242,2131623
  • Attached to another structure: Yes
  • Zoning: R1

Lot

  • Lot size: 2,570 sqft
  • Features: Level

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Earthquake
Hurricane
Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,570$102,840
Home Insurance *$512$6,144
Property Taxes $1,596$19,152
Electricity $861$10,338
Total$11,539$138,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$395,622/yr
40% on housing$346,170/yr
45% on housing$307,706/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$388This listing

vs Other Active Listings

Avg $/sqft

ZIP 01970$309
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01970$414
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-06Price change$1,600,000
2026-07-16Price change$1,695,000
2026-06-10Listed for sale$1,725,000
2002-10-15Sold$660,000
1999-08-16Sold$450,000
1993-07-30Sold$270,000

For Sale by Agent

AgentMichael Selbst
BrokerageGibson Sotheby's International Realty

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