394 Essex St APT 3, Salem, MA, 01970
About This Home
Looking for a stylish townhouse in the heart of historic Salem? This charming 2-bedroom, 1-bath home is set back from the street for added privacy while still keeping you close to everything the city has to offer. Inside, you’ll find the convenience of in-unit laundry and a comfortable, functional layout. Step outside to your own private yard—perfect for gardening, summer BBQs, or giving your pets a place to roam. The home is located less than a mile from the train, making commuting a breeze. Enjoy an unbeatable location just minutes from downtown Salem, the MBTA Commuter Rail, parks, local universities, and the scenic shoreline. With easy access to public transportation and nearby shopping, this property offers the perfect blend of urban convenience and neighborhood charm. Additional highlights include two off-street parking spaces and updated utilities.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1980
Type & Style
- Home type: Townhouse
- Property subType: Condominium,Townhouse
Interior
Appliances
- Appliances included: Range
- Laundry features: In Basement,In Building
Basement
- Has basement: Yes
Bathroom1
- Level: Second
Bedroom2
- Level: Second
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Features
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 478
- Finished area above ground: 801
Heating & Cooling
- Heating features: Electric Baseboard,Electric
- Cooling features: Window Unit(s),Wall Unit(s)
Interior Area
- Total structure area: 1,279
- Total interior livable area: 1,279 sqft
Kitchen
- Level: First
Living Room
- Level: First
Master Bedroom
- Level: Second
Property
Details
- Parcel number: 2132104
- Zoning: 0000
Features
- Patio & porch: Deck,Deck - Wood,Patio
- Exterior features: Deck,Deck - Wood,Patio
Parking
- Total spaces: 2
- Parking features: Off Street,Assigned
- Uncovered spaces: 2
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
- Inland Flooding
- Ice Storm
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Massachusetts Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,376 | $28,512 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $445 | $5,340 |
| Electricity | $354 | $4,259 |
| Total | $3,316 | $39,792 |
Income You'd Need if You Spent...
Massachusetts FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-28 | Listed for sale | $495,000 |
| 2020-09-04 | Sold | $345,000 |
| 2020-08-06 | Pending sale | $329,900 |
| 2020-07-31 | Listed for sale | $329,900 |
| 2015-08-31 | Sold | $229,000 |
| 2015-07-28 | Pending sale | $232,000 |
| 2015-07-19 | Listed for sale | $232,000 |
| 1998-05-01 | Sold | $84,000 |
| 1995-11-14 | Sold | $59,000 |
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