See Home Value
$2,499,900
House - Off Market

314 Essex St

Salem, MA 01970
bedrooms
6 Beds
bathrooms
6 Baths, 2 Half Baths
$2,511,747
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

314 Essex, available as a residential property for the first time in nearly 80 years! Built in 1755, this historic Georgian style gambrel features more than 4,500 SF of living space on 3 levels and private fenced yard. This trophy home was completely renovated in 2016 back to its historic grandeur. The entry level features a spacious reception foyer flanked by 2 sitting rooms, both with wood burning fireplaces, a formal dining room with seating for 10+ ppl, and 1/2 bath. Also located on the 1st level is a one-of-a-kind chef's kitchen featuring a large wood-burning hearth and commercial-sized range, fridge, freezer, dishwasher and steam wall oven. The 2nd level features 3 en-suite bedrooms with independent climate controls. The 3rd level boasts a massive primary suite w/ spa-worthy bath, walk-in closet, den, gym, kitchenette and office space. An enterprising owner may capitalize on the AirBNB and special event potential this location affords abutting the Witch House and downtown Salem.
Unit Size
-
Days on Market
-
Land Size
0.11 acres
Price per sqft
-
Property Type
House
Property Taxes
$1,236
HOA Dues
-
Year Built
1755
Last updated: 12 months ago (MLSPIN #73105757)

Price History

Date / Event Date Event Price
May 28, 2023 Withdrawn -
Withdrawn
May 2, 2023 Listed by Donnelly + Co. $2,499,900
Listed by Donnelly + Co.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1755
  • Effective Year Built: 1755
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Historical
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gambrel
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 1,521
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,574
  • Total Building Area: 4,670
  • Gross Building Area: 6,301
  • Building Area: 4,670
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 4,670
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.105
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PINTO PAUL J
  • Current Owner 2: CASEY JOHN F
  • Previous Owner : CB & G RT
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204500

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:26 L:0523
  • Lot: 523
  • Municipality: SALEM
  • Latitude: 42.5214
  • Longitude: -70.8991

    Address

  • Full Address: 314 Essex St
  • Address - House Number: 314
  • Address - Street Name: Essex
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3257
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $14,836

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 2,615,037
  • High Value: 2,824,000
  • Low Value: 2,406,074

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,052,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: Mar 24, 2021
  • First Open Lien Mortgage Loan Amount: $852,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2051
  • Second Open Lien Mortgage Lender: SAINT JEANS CU
  • Second Open Lien Mortgage Recording Date: May 05, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $200,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: May 05, 2051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,185,900
  • Assessed Land Value: $172,100
  • Assessed Improvements Value: $1,013,800

    Sales

  • Current Sale Recording Date: Sep 20, 2012
  • Current Sale Transaction ID: 1101802050
  • Current Sale Price: $608,438
  • Current Sale Document Type: Quit Claim Deed (arm's length)

    Last Sale Mortgage

  • First Mortgage Lender: ST JEANS CREDIT UNION
  • First Mortgage Transaction Date: Sep 20, 2012
  • First Mortgage Loan Amount: $486,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Sep 20, 2042

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
1 Bath
-
$1,400,000 Apr 15, 2016
$1,400,000 Nov 23, 2020
$2,558/mo

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Frequently Asked Questions

When was property at 314 Essex Street built and last sold?
The property at 314 Essex Street was built in 1755 and last sold on Jan 1, 1970 for $608,438.
How much is this home worth?
The estimated value of the home located at 314 Essex Street is $2,524,899.
What are some comparable homes to 314 Essex Street?
Homes that are comparable to 314 Essex Street include a commercial property at 18 Franklin Street, located in Salem, MA.

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