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266 Essex St Unit 6, Salem, MA, 01970

1beds
1baths
752sqft
$485,000
$645price/sqft
$3,411/moest. monthly cost
$136,440/yrincome needed

About This Home

Penthouse living in the heart of historic downtown Salem — a bright one-bedroom-plus-office condo with deeded parking, steps from the shops, restaurants, and nightlife and just a half mile to the Salem commuter rail station. This updated top-floor home features hardwood floors throughout, cathedral ceilings, central A/C, a large eat-in kitchen, custom closet system in the primary bedroom, and a tiled full bath with a newer in-unit Bosch washer and dryer. A glass slider leading to a private open-air deck extends your living space, while a versatile bonus room makes an ideal home office or nursery. Enjoy ample basement storage and additional private attic space, all in a pet-friendly building with a strong, low-fee association. Live in one of the North Shore's most vibrant and famed cities — a quick train ride to Boston without Boston prices.

Getting Around

98
WalkingWalker's Paradise
41
TransitSome Transit
82
BikeVery Bikeable

Schools

5/10
Saltonstall SchoolGrades K-80.6 mi
--
Salem Prep High SchoolGrades 9-120.2 mi
6/10
Collins Middle SchoolGrades 6-80.6 mi

Construction

Condition

  • Year built: 1761

Materials

  • Roof: Shingle
  • Construction materials: Frame,Brick,Stone

Notable Dates

  • Major remodel year: 2004

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Laundry features: Third Floor,In Unit

Basement

  • Has basement: Yes

Bathroom1

  • Features: Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Lighting - Sconce, Lighting - Overhead
  • Level: Third

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Lighting - Overhead,Bonus Room
  • Flooring: Tile,Hardwood
  • Finished area above ground: 752
  • Common walls with other units/homes: No One Above

Heating & Cooling

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

Interior Area

  • Total structure area: 752
  • Total interior livable area: 752 sqft

Kitchen

  • Features: Cathedral Ceiling(s), Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid, Recessed Lighting
  • Level: Third

Living Room

  • Features: Cathedral Ceiling(s), Flooring - Hardwood, Deck - Exterior, Slider
  • Level: Third

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Closet/Cabinets - Custom Built, Flooring - Hardwood, Half Vaulted Ceiling(s)
  • Level: Third

Property

Details

  • Parcel number: M:0026 B:0436 L:0806,4462155
  • Attached to another structure: Yes
  • Zoning: B5
  • Exclusions: None

Features

  • Patio & porch: Deck
  • Exterior features: Deck,Rain Gutters

Lot

  • Lot size: 3,925 sqft

Parking

  • Total spaces: 1
  • Parking features: Off Street
  • Uncovered spaces: 1

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

  • Coastal Flooding
    Coastal FloodingModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $2,452$29,424
Home Insurance *$146$1,752
Property Taxes $459$5,508
Electricity $354$4,259
Total$3,411$40,932
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$116,948/yr
40% on housing$102,330/yr
45% on housing$90,960/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

$645This listing

vs Other Active Listings

Avg $/sqft

ZIP 01970$310
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)

No zestimate history available

Price History

DateEventPrice
2026-08-08Pending sale$485,000
2026-07-08Listed for sale$485,000
2026-06-08Listing removed$2,900
2026-05-26Listed for rent$2,900
2022-11-17Listing removed--
2022-10-31Listed for rent$2,400
2020-06-04Sold$336,000
2020-05-10Pending sale$324,900
2020-05-04Listed for sale$324,900
2004-09-27Sold$272,000

For Sale by Agent

AgentRobert Heil
BrokerageColdwell Banker Realty - Beverly

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