See Home Value
$2,100,000
● House - Off Market

40 Chestnut St

Salem, MA 01970
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
5,803 Ft²
$12,547
Est. Monthly

About This Property

Grand single family townhouse on historic Chestnut Street in Salem. Started life in 1845 as a Greek Revival, later updated Colonial Revival details which has yielded a house with a rarified material quality...fluted pilasters, hand carved mantels, rich paneled wainscotting, mahogany windowsills, and the most delightful old-world butlers pantry. The whole house imparts a sense of enduring and elevated quality.   Restored and updated to the highest standards: significant rewiring in the last year, 2 zone c/ac, recent new roof, custom baths, 4 zone irrigation & exterior lighting, & custom copper gutters, to name a few.  The outdoor spaces are artfully designed for beauty, functionality and low maintenance.   Located at the upper end of Chestnut St, lined with 19th century mansions built during the heyday of Salem's seafaring trade.  Minutes from downtown Salem and the train.  This is a rare offering of a turnkey home in a completely intact 19th century New England setting.
Unit Size
5,803 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$379
Property Type
House
Property Taxes
$1,744
HOA Dues
-
Year Built
1850

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Last updated: 4 months ago (MLSPIN #73501166)

Price History

Date / Event Date Event Price
Jun 26, 2026 Sold
Sold
Apr 20, 2026 In contract -
In contract
Apr 14, 2026 Listed by Gibson Sotheby's International Realty $2,200,000
Listed by Gibson Sotheby's International Realty
May 15, 2025 Sold
Sold
Apr 18, 2025 In contract -
In contract
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Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1850
  • Building Count: 1
  • Total Rooms: 16
  • Bedroom Count: 8
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 400
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,550
  • Total Building Area: 5,803
  • Gross Building Area: 8,302
  • Building Area: 5,803
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 5,803
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CARRIAGE HILL ESTATES
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Swampscott School District in Nahant (7-12)
  • School Tax School District: SALEM SD
  • Census Tract: 204200

Zoning

  • Zoning: R2

Geography

  • Parcel: SALE M:25 L:0219
  • Lot: 219
  • Municipality: SALEM
  • Latitude: 42.5192
  • Longitude: -70.9029

    Address

  • Full Address: 40 Chestnut St
  • Address - House Number: 40
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Salem
  • Carrier Code: C019
  • 4-Digit Zip Code: 3129
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,029,300

    Appraisal Valuation

  • Standard Deviation: 0.1965
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 73
  • Final Value: 1,393,647
  • High Value: 1,667,611
  • Low Value: 1,119,683

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,746,400
  • Assessed Land Value: $255,500
  • Assessed Improvements Value: $1,490,900

    Sales

  • Current Sale Recording Date: Sep 07, 1999
  • Current Sale Price:
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Sep 02, 1997
  • Previous Sale Amount: $395,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera


Frequently Asked Questions

When was property at 40 Chestnut Street built and last sold?
The property at 40 Chestnut Street was built in 1850 and last sold on Jan 1, 1970 for $520,000.
How much is this home worth?
The estimated value of the home located at 40 Chestnut Street is $0.
What are some comparable homes to 40 Chestnut Street?
There are currently no comparable homes to 40 Chestnut Street.