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CondominiumResidential
$725,514$352 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $630,000 on Oct 18, 2022

116 FEDERAL ST

SALEM, MA 01970
Building report
3
Beds
2.5
Baths
2,064 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1782
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
5
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$726K
$692K low$759K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$630,000 · Oct 18, 2022

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$7,674 (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.$676,700 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$676,700
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$713,165

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.Hot Water
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(11)

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

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

H
Salem Preparatory High School
High · Grades 9–12 · 0.5 mi
M
Collins Middle SchoolB-
Middle · Grades 6–8 · 0.5 mi
E
Saltonstall SchoolC+
Elementary · Grades KG–8 · 0.8 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%

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

How this home compares

116 Federal St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 75% of homes in Salem 01970
  • Costs less per square foot than 86% of homes in McIntire Historic District
  • Bigger than 70% of homes in Salem 01970
  • Among the oldest homes in Salem 01970

What homes are worth in Salem 01970

Each bar is how many homes fall in that price range. The marker is this home.

This home
$314K$1.2M

This home is worth more than 75% of homes in Salem 01970.

How it measures up in Salem 01970

The dot is this home. The mark in the middle is the typical home in Salem 01970.

Estimated value$725,514
CheaperTypical $611,253Pricier

Pricier than 75% of homes nearby

Price per ft²$352
CheaperTypical $422Pricier

Pricier than 24% of homes nearby

Living area2,064 ft²
SmallerTypical 1,656 ft²Bigger

Bigger than 70% of homes nearby

Year built1782
OlderTypical 1920Newer

Older than almost all homes nearby

How 116 Federal St ranks against every home in each area.
MeasureThis homeMcIntire Historic DistrictSalem 01970Essex County
Estimated valuepricier than$725,51452% of homes75% of homes55% of homes
Price per ft²pricier than$35214% of homes24% of homes29% of homes
Living areabigger than2,064 ft²54% of homes70% of homes59% of homes
Year builtnewer than17829% of homesalmost no homesalmost no homes

About 116 Federal St

How much is 116 Federal St, Salem, MA worth?

The TopHap Estimate for 116 Federal St, Salem, MA is $725,514 as of Aug 30, 2026. The likely range is $692,279 to $758,749. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 116 Federal St, Salem, MA last sell?

116 Federal St, Salem, MA last sold on Oct 18, 2022 for $630,000, according to the county's recorded deed. TopHap holds 6 recorded sales for this parcel.

How big is 116 Federal St, Salem, MA?

116 Federal St, Salem, MA has 3 bedrooms, 2.5 bathrooms and 2,064 square feet of living space.

When was 116 Federal St, Salem, MA built?

116 Federal St, Salem, MA was built in 1782, making it 244 years old. It is a condo/apartment home. The building has 3 stories.

What schools serve 116 Federal St, Salem, MA?

116 Federal St, Salem, MA is assigned to Salem Preparatory High School (high); Collins Middle School (middle), rated B-; Saltonstall School (elementary), rated C+. All sit in Salem School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 116 Federal St, Salem, MA compare to other homes in Salem 01970?

Among the 12,071 homes in Salem 01970, it is worth more than 75% of them ($725,514 against a typical $611,253), its price per square foot is higher than 24% of them ($352 against a typical $422), it is bigger than 70% of them (2,064 ft² against a typical 1,656 ft²) and it is newer than almost none of them (1782 against a typical 1920). Measured against all of Essex County, it is worth more than 55% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 116 Federal St, Salem, MA?

The 2025 property tax bill for 116 Federal St, Salem, MA was $7,674. The county assessed it at $676,700.

More homes on Federal St

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Assigned schools

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