Check Availability
$1,475,000
● House - In Contract

55 Memorial Dr

Salem, MA 01970
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,072 Ft²
$8,274
Est. Monthly

About This Property

Experience the best of waterfront living in one of Salem's most desirable neighborhoods-Collins Cove. Beautifully updated home offers a rare opportunity to enjoy direct water access with a private dock that accommodates a boat, making it easy to explore Beverly/Salem Harbor and the North Shore coastline.  The home features two master suites, including a master suite with a private balcony overlooking the ocean. Expansive outdoor decks provide multiple living spaces for dining, relaxing, and enjoying water views. Professionally landscaped grounds create a private outdoor oasis complete with a fire pit, offering the perfect setting for gatherings with family and friends. Just moments from downtown Salem's renowned restaurants, boutiques, museums, commuter rail, and waterfront park, this exceptional Collins Cove residence combines the tranquility of coastal living with the convenience of city amenities. A rare offering where everyday feels like a vacation.
Unit Size
2,072 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$712
Property Type
House
Property Taxes
$1,031
HOA Dues
-
Year Built
1949

Listed By

Cynthia Navarro
MyHomeRE, LLC

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Last updated: 2 months ago (MLSPIN #73567403)

Price History

Date / Event Date Event Price
Sep 1, 2026 In contract -
In contract
Aug 24, 2026 Listed by Noble Realty Partners LLC $1,475,000
Listed by Noble Realty Partners LLC
Sep 9, 2015 Sold
Sold
Jul 8, 2015 Listed by Noble Realty Partners LLC $535,000
Listed by Noble Realty Partners LLC
Jul 21, 1987 Sold
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Garage Door Opener, Storage, Workshop in Garage, Paved, Off Street, Driveway, Insulated
Garage Spaces: 2
Open Parking Spaces: 6
Interior Details
Full Bathrooms: 3
Interior Features: Internet Available - Broadband
Appliances: Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer, Range Hood, Plumbed For Ice Maker
Flooring Type: Tile, Hardwood
Door Features: French Doors, Insulated Doors
Laundry Features: Gas Dryer Hookup, Washer Hookup, First Floor
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Full, Partially Finished, Interior Entry, Sump Pump, Concrete, Bulkhead
Exterior Details
Square Footage: 2072
Architectural Style: Contemporary
Year Built Source: Public Records
Year Built: 1949
Waterfront Features: Waterfront, Ocean, Harbor, Dock/Mooring, Deep Water Access, Private, Walk to, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Building Area Total: 2072
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck, Patio, Deck - Wood, Deck - Composite
Lot Features: Gentle Sloping
Lot Size Area: 0.12
Lot Size Units: Acres
Lot Size Acres: 0.12
Lot Size Square Feet: 5619
Water Source: Public
Financial Details
Tax Assessed Value: $1,109,300
Tax Annual Amount: $12,369
Utilities Details
Cooling Type: Heat Pump, Ductless, Whole House Fan
Heating Type: Baseboard, Radiant, Heat Pump, Natural Gas, Active Solar, Wood Stove, Ductless
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,107
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,632
  • Total Building Area: 2,072
  • Gross Building Area: 4,573
  • Building Area: 2,072
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,072
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204400

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:42 L:0011
  • Lot: 11
  • Municipality: SALEM
  • Latitude: 42.5307
  • Longitude: -70.8781

    Address

  • Full Address: 55 Memorial Dr
  • Address - House Number: 55
  • Address - Street Name: Memorial
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Salem
  • Carrier Code: C012
  • 4-Digit Zip Code: 5651
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $949,900

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 975,500
  • High Value: 1,130,262
  • Low Value: 820,737

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $817,500
  • Assessed Land Value: $269,700
  • Assessed Improvements Value: $547,800

    Sales

  • Current Sale Recording Date: Sep 09, 2015
  • Current Sale Price:
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 383
  • Previous Sale Recording Date: Jul 21, 1987
  • Previous Sale Amount: $208,500
  • 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 Salem Neck


Similar Homes for Sale

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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 55 Memorial Drive built and last sold?
The property at 55 Memorial Drive was built in 1949 and last sold on Jan 1, 1970 for $581,100.
How much is this home worth?
The estimated value of the home located at 55 Memorial Drive is $1,389,315.
What are some comparable homes to 55 Memorial Drive?
There are currently no comparable homes to 55 Memorial Drive.