394 Essex St #3 Salem — Photo 1 of 26
Recent Drop: $9,900
$470,000
394 Essex St #3, Salem, MA 01970
Salem, MA 01970
Beds
2
Baths
1
SqFt
1,279
Style
Condominium
Built
1980
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. Sellers have a place to go! Makes for an easy closing!!
Key facts
It was listed on April 28, 2026. The price has come down from an original $495,000 to $470,000 across 5 changes, most recently on July 22, 2026. The annual property taxes are $4,558 (2025 tax year). The condo fee is $215 per month, which includes water.
Market Value Analysis
* Analysis is based on 23 actively listed and recently sold comparable properties strictly within Salem, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Range
Neighborhood
Public Transportation • Shopping • Park • Walk/Jog Trails • Medical Facility • Bike Path
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl FirstKitchen
Lvl FirstPrimary Bedroom
Lvl SecondBedroom 2
Lvl SecondBathroom 1
Lvl SecondProperty History
$470,000
Was $479,900
Jul 22, 2026
MLS® 73508628
$479,900
Was $484,000
Jun 23, 2026
MLS® 73508628
$484,000
Was $485,000
Jun 14, 2026
MLS® 73508628
$485,000
Was $489,000
Jun 2, 2026
MLS® 73508628
$489,000
Was $495,000
May 15, 2026
MLS® 73508628
$495,000
Apr 28, 2026
MLS® 73508628
Questions about this home
When was 394 Essex St #3, Salem listed?
394 Essex St #3, Salem was listed on April 28, 2026.
Has the price of 394 Essex St #3, Salem changed?
The price has come down from an original $495,000 to $470,000 across 5 changes, most recently on July 22, 2026.
What are the property taxes for 394 Essex St #3, Salem?
The annual property taxes for 394 Essex St #3, Salem are $4,558 (2025 tax year).
What is the condo fee at 394 Essex St #3, Salem?
The condo fee is $215 per month, which includes water.
What is the status of 394 Essex St #3, Salem?
394 Essex St #3, Salem is actively listed for sale.
Population
44,738
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$85K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
50.4%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jul '26)
Listing Agent: William Mcclory
Listing Office: Dream Seekers Realty, LLC
MLS® Number: 73508628
