48 Balcomb Street

Sold 3/7/25

Sold

Last Sold Price

$784,000

2 beds2 baths2,336 sqft

48 Balcomb St, Salem, MA 01970

Multi FamilyProperty Type

0.06 acresLot Size

1900Year Built

$336/sq ftPrice per sq ft

3 carsParking Spaces

Description

Meticulously maintained, owner occupied 2 family home conveniently located in Salem near the Peabody line. Unit 1-Enter to a spacious living room with lots of natural sunlight, a dining room, a bedroom with two closets, an extra-large eat in kitchen with access to the rear yard and a full bath. 1st floor boasts hardwood flooring in 3 rooms & vinyl flooring in the kitchen. Unit 2 is multi level-. the 1st level has a front hall, a large living room, a dining room, a bedroom (currently an office), and...Meticulously maintained, owner occupied 2 family home conveniently located in Salem near the Peabody line. Unit 1-Enter to a spacious living room with lots of natural sunlight, a dining room, a bedroom with two closets, an extra-large eat in kitchen with access to the rear yard and a full bath. 1st floor boasts hardwood flooring in 3 rooms & vinyl flooring in the kitchen. Unit 2 is multi level-. the 1st level has a front hall, a large living room, a dining room, a bedroom (currently an office), and a full bath. The 2nd floor offers two oversized bedrooms each with their own staircase & large closet. Wall-to-wall carpeting on both levels and vinyl flooring in the kitchen. There is a fenced yard with a large storage shed. Interior and exterior access to the basement that hosts washer & dryer hook ups. Updated Electrical, Hot Water Tanks, Oil Tanks and Windows. Parking for 3 cars in the driveway. Minutes to the commuter rail, downtown Salem, restaurants & shops as well as major routes.

Listed by: Maria Salzillo • J. Barrett & Company

Listing closed: 03/07/2025 12:00 AM • Source: MLS PIN, MLS#: 73328476

Recent comparable sales

Median sold price

$690,000

Avg days on market

Sale-to-list ratio

100.7%

1/17

$611,000

Sold 08/06/26

2
Bedrooms: 2
Bathrooms: 2,052
Square Feet: 0.10
Acres

7 May Street, Salem, MA 01970

1/20

$635,000

Sold 06/01/26

2
Bedrooms: 2
Bathrooms: 1,786
Square Feet: 0.04
Acres

5 Herbert Street, Salem, MA 01970

a front view of brick house with lots of windows and plants

1/43

$755,000

Sold 04/10/25

2
Bedrooms: 3
Bathrooms: 2,135
Square Feet: Unavailable
Acres

24 Pickman Street, Unit A, Salem, MA 01970

1/27

$690,000

Sold 02/05/25

2
Bedrooms: 2
Bathrooms: 1,820
Square Feet: Unavailable
Acres

35 Flint Street, Unit 301, Salem, MA 01970

1/45

$780,000

Sold 11/13/25

2
Bedrooms: 3
Bathrooms: 2,016
Square Feet: Unavailable
Acres

30 Settlers Way, Unit 30, Salem, MA 01970

$780,000

Sold 11/10/25

2
Bedrooms: 2.5
Bathrooms: 2,016
Square Feet: Unavailable
Acres

30 Settlers Way, Salem, MA 01970

1/42

$630,000

Sold 12/05/24

2
Bedrooms: 2
Bathrooms: 2,103
Square Feet: 0.16
Acres

7 Brooks Street, Salem, MA 01970

1/34

$580,000

Sold 04/30/26

2
Bedrooms: 2
Bathrooms: 2,225
Square Feet: Unavailable
Acres

6 Orient Way, Unit 28A, Salem, MA 01970

1/42

$725,000

Sold 05/30/25

2
Bedrooms: 2
Bathrooms: 1,940
Square Feet: Unavailable
Acres

23 Settlers Way, Unit 23, Salem, MA 01970

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Location

Listing Courtesy of J. Barrett & Company, Maria Salzillo

Sold By ERA Key Realty Services, Team Blue

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$4,727 per month

30 year fixed, 7.03% Interest

Principal and Interest

$4,185

Property Taxes

$542

HOA Dues

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Property Information for 48 Balcomb Street

Property Details

Taxes: $6,501 / year
MLS Type: Multi-family / 2 Family - 2 Units Up/Down
County: Essex County
Town: Salem
Area: MA-Salem
Garage Spaces: 0
Parking Spaces Total: 3

Building Information

Stories: 3
Residences: 2
Year Built: 1900
Lot Size: 0.06 AC / 2,801 SF

General Details

Property Details

Building Area Units: Square Feet
Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, House of Worship, Marina, Private School, Public School, T-Station, University

Current Financing: Conv. Fixed
Living Area: 2336.0
Color: White
SqFt with Basement: No
Total Units: 2
Waterfront: No
Water View: No
Year Built Details: Approximate
Year Built Source: Public Records

Features

Interior Features

Appliances: Range, Microwave, Refrigerator, None
Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement

Num of Baths: 2.0
Num of Full Baths: 2
Num of Half Baths: 0
Bathrooms Total Decimal: 2.00
Bathrooms Total Integer: 2
DoorFeatures: Insulated Doors
FireplaceYN: No
Fireplaces: 0
Flooring: Tile, Vinyl, Carpet, Hardwood, Wood
Interior Features: Ceiling Fan(s), Bathroom With Tub & Shower, Open Floorplan, Living Room, Dining Room, Kitchen
Laundry Features: Electric Dryer Hookup, Washer Hookup
SpaYN: No
Window Features: Insulated Windows

Exterior Features

Construction: Frame
Exterior Features: Rain Gutters

Exterior Features: Fenced Yard, Porch
Fencing: Fenced/Enclosed, Fenced
Lot Description: Level
Patio And Porch Features: Porch
Roof Material: Shingle

Parking Features

Covered Spaces: .00
Garage: No

Garage Parking: Paved Drive, Off-Street, Tandem, Improved Driveway
Open Parking: Yes
Parking Features: Paved Drive, Off-Street, Tandem, Improved Driveway
Parking Features: Off-Street, Tandem, Improved Driveway

Utilities

Cooling: None
Cooling: No

Electric: Circuit Breakers
Heating: Oil
Heating: Yes
Sewer: City/Town Sewer
Utility Connections: for Electric Range, for Electric Dryer, Washer Hookup
Water: Public

Property Information

Property Info

UFFI: Unknown
Farm Land Area Units: Square Feet

WARRANTY: No
Lot Size Units: Acres
Road Frontage Type: Public
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Disclosures: Sellers have not lived in home for many years. Buyer and buyer agent to perform their own due diligence. 2nd floor tenant has occupied unit for over 30 years,realizes that their rent is below market and may consider remainng if the updated rent were workable.

Tax Information

Tax ID: 2129642
Assessments: $559,500

Book: 12824
Lot: 0228
Map: 17
Tax Year: 2024
Zoning: R2

Building / Association Information

Living Characteristics

Beds Total: 2
Total Living Levels: 3

Other Building Characteristics

Foundation: Stone
Foundation Area: 99999.0

Levels: 3
Cooling Units: 0
Cooling Zones: 0
Heat Units: 2
Heat Zones: 2

Income / Expenses

Electricity: $.00
GOI: $17,400.00

Gross Scheduled Income: $.00
Insurance: $2,700.00
GRE: $5,700
MGF: $0
MSE: $0
RFS: $0
RME: $500
NOI: $17,400.00
Operating Expense: $5,700.00
WSE: $2,500.00

Complex & Association Information

Adult Community: No

Unit Information

Unit 1 Description

Floor U1: 1
Lease U1: N

Levels U1: 1

Unit 2 Description

Floor U2: 2
Lease U2: N

Levels U2: 2

Rental Info

Rental Info

Total Actual Rent: $1,450.00

Property History for 48 Balcomb Street

Date	Event & Source	Price	Appreciation
Mar 7, 2025	Sold MLS PIN #73328476	$784,000	—
Jan 28, 2025	Under Agreement MLS PIN #73328476		—
Jan 28, 2025	Contingent MLS PIN #73328476		—
Jan 22, 2025	Listed (Active) MLS PIN #73328476	$749,900	—
Oct 27, 2011	Sold (Public Record) Public Record #326466412	$1	—

Date	Event & Source	Price
03/07/2025	Sold MLS PIN #73328476	$784,000
01/28/2025	Under Agreement MLS PIN #73328476	—
01/28/2025	Contingent MLS PIN #73328476	—
01/22/2025	Listed (Active) MLS PIN #73328476	$749,900
10/27/2011	Sold (Public Record) Public Record #326466412	$1

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

48 Balcomb Street

Baths

Total Finished SqFt

2,336 SqFt

Above Grade Finished SqFt

2,336 SqFt

Unfinished Basement SqFt

995 SqFt

Stories

Lot Size

2,801 SqFt

Schools near 48 Balcomb Street

This home is within Salem School District.


Rating	School	Type	Grades	Distance
7/10	Bates	Public - Serves this home	PK to 5	0.4 mi
3/10	Horace Mann Laboratory School	Public - Serves this home	PK to 5	1.6 mi
5/10	Witchcraft Heights Elementary School	Public - Serves this home	K to 5	1.1 mi
5/10	Carlton Elementary School	Public - Serves this home	K to 5	1.0 mi
5/10	Saltonstall School	Public - Serves this home	K to 8	1.5 mi
4/10	Salem High School	Public - Serves this home	9 to 12	1.7 mi
NR	St. Joseph School	Private - Nearby school	PK to 8	0.8 mi
NR	Bishop Fenwick High School	Private - Nearby school	9 to 12	0.8 mi


Rating	School	Distance
7/10	Bates PublicPK to 5 Serves this home	0.4 mi
3/10	Horace Mann Laboratory School PublicPK to 5 Serves this home	1.6 mi
5/10	Witchcraft Heights Elementary School PublicK to 5 Serves this home	1.1 mi
5/10	Carlton Elementary School PublicK to 5 Serves this home	1.0 mi
5/10	Saltonstall School PublicK to 8 Serves this home	1.5 mi
4/10	Salem High School Public9 to 12 Serves this home	1.7 mi
NR	St. Joseph School PrivatePK to 8 Nearby school	0.8 mi
NR	Bishop Fenwick High School Private9 to 12 Nearby school	0.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 48 Balcomb Street, Salem, MA 01970	$784,000	2	2	2,336	2,801
50 Balcomb Street, Salem, MA 01970	$484,000	–	4	2,596	3,128
16 Oakland Street, Salem, MA 01970	$915,000	4	2	1,955	3,498
14 Oakland Street, Salem, MA 01970	$394,000	4	2	2,598	4,000
9 Cushing Street, Salem, MA 01970	$616,000	7	2	2,595	3,920
12 Oakland Street, Salem, MA 01970	$325,000	3	2	1,815	4,525
10 Cushing Street, Unit 12, Salem, MA 01970	$419,900	–	3	2,861	3,633
10 Cushing Street, Salem, MA 01970	$419,900	5	3	2,861	3,615
15 Cushing Street, Salem, MA 01970	$430,000	7	3	3,195	5,227
8 Cushing Street, Unit 1, Salem, MA 01970	$520,000	2	2	1,121	–
10-12 Cushing Street, Salem, MA 01970	$725,000	6	3	2,861	3,633
14 Cushing Street, Salem, MA 01970	$316,000	3	2	2,200	2,800
8 Oakland Street, Salem, MA 01970	$460,000	4	1	1,794	4,356
7 Cushing Street, Salem, MA 01970	$300,000	6	2	2,510	4,356
17 Cushing Street, Salem, MA 01970	$183,000	3	1	1,460	3,900
22 Oakland Street, Salem, MA 01970	$407,500	4	2	2,394	12,197

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Listing Courtesy of J. Barrett & Company, Maria Salzillo

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.

48 Balcomb St, Salem, MA 01970

Salem, MA

Property Details

Building Information

General Details

Features

Property Information

Building / Association Information

Unit Information

Rental Info

Baths

Total Finished SqFt

Above Grade Finished SqFt

Unfinished Basement SqFt

Stories

Lot Size

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