Skip to content
Skip to content
TopHapOpen in map
CondominiumResidential
Last sold for $400,000 on Aug 2, 2022

5 SCHOOL ST

SALEM, MA 01970
1980
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
Built 19807 units1,038–1,329 ft²
$3.2M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$473K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$407
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+5.9%vs the Salem ZIP median sale $/ft² ($384)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+3.4%per yeartypical hold 7.5 yrsfrom 26 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19881993199720012007201620202025
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19881993199720012007201620202025

37 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
7 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 1.5 ba · 1,162 ft²
2 units
One-off layouts
5 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$428K–$431K
2 units
$442K–$442K
1 unit
$473K–$473K
1 unit
$474K–$482K
2 units
$502K–$502K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.86%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.14%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.2 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.20%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.70%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$469,352
Median tax billThe middle annual property tax bill among the building's units.$4,407
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 6Oct 8, 2025$463,000Unit 1May 12, 2025$460,000Unit 8Oct 25, 2024$480,000BuildingAug 2, 2022$400,000Unit 4Jul 28, 2022$425,000Unit 1Jun 15, 2020$339,000Unit 1May 15, 2019$323,100BuildingFeb 15, 2018$315,000Unit 3Feb 26, 2016$260,000Unit 6Aug 15, 2012$215,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,661 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$411,000 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$411,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$462,840

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyESSEX
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Yes
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(9)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Foreclosure Filings(1)

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
BatesB+
Elementary · Grades PK–5 · 0.4 mi
H
Salem Preparatory High School
High · Grades 9–12 · 0.7 mi
M
Collins Middle SchoolB-
Middle · Grades 6–8 · 0.9 mi

District: Salem School District

Neighborhood · ZIP 01970These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.116
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.87

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.29%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.44,728
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,443 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$85,271
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$107,638
Average tempThe average temperature here across a full year.50°F
Annual precipHow much rain and melted snow falls here in a typical year.46 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

5 School St
2 bd · 1.5 ba · 1,329 ft²
$470K
5 School St # 1
2 bd · 2 ba · 1,038 ft²
$474K
5 School St # 2
2 bd · 2 ba · 1,041 ft²
$428K
5 School St # 3
2 bd · 2 ba · 1,134 ft²
$442K
5 School St # 4
2 bd · 2 ba · 1,130 ft²
$482K
5 School St # 6
2 bd · 1.5 ba · 1,162 ft²
$473K
5 School St # 7
2 bd · 1.5 ba · 1,162 ft²
$431K
5 School St # 8
2 bd · 1.5 ba · 1,329 ft²
$502K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 5 School St

How many units are in 5 School St, Salem, MA?

5 School St, Salem, MA has 7 residential units across built in 1980, according to county assessor records.

What is a unit at 5 School St, Salem, MA worth?

The median TopHap Estimate across the 7 units at 5 School St, Salem, MA is $472,509. That works out to $407 per square foot. Units run from 1,038 to 1,329 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 5 School St, Salem, MA expensive for Salem?

Units at 5 School St, Salem, MA carry a median of $407 per square foot, 6% above the Salem median of $384 per square foot.

How often do units sell at 5 School St, Salem, MA?

0 units at 5 School St, Salem, MA sold in the last 12 months, out of 37 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 5 School St, Salem, MA appreciated?

Across 26 repeat sales of the same unit, 5 School St, Salem, MA returned a median 3.4% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 7.5 years.

What floor plans does 5 School St, Salem, MA have?

The most common plan at 5 School St, Salem, MA is a 2-bedroom of 1,162 square feet, repeated 2 times, with a median estimate of $451,578. TopHap identifies 1 recurring plans in the building.

More homes on School St

Closest homes

More homes in Salem 01970

Assigned schools

Explore the area

See this home in context

Open 5 School St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map