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Single Family ResidenceResidential
$749,120$617 / 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 96How 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 $287,000 on May 31, 2013

40 MEMORIAL DR

SALEM, MA 01970
4
Beds
1
Baths
1,215 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.
0.18 ac
Lot SizeThe size of the land the home sits on, from county records.
1950
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
6
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$749K
$719K low$779K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$287,000 · May 31, 2013

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,424 (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.$478,300 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$189,400
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$288,900
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$647,235

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.32 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Cape Cod
CountyESSEX
Lot (acres)The size of the land the home sits on, from county records.0.18
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
FireplaceWhether the home has a fireplace, and what kind.Yes
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(3)

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.

E
CarltonC
Elementary · Grades KG–5 · 0.6 mi
H
Salem Preparatory High School
High · Grades 9–12 · 0.9 mi
M
Saltonstall SchoolC+
Middle · Grades KG–8 · 1.3 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

40 Memorial Dr 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 79% of homes in Salem 01970
  • Costs more per square foot than 95% of homes in Salem 01970
  • Smaller than 83% of homes in Salem Neck
  • Has a bigger lot than 78% of homes in Salem Neck
  • Newer than 73% of homes in Salem Neck

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
$304K$1.2M

This home is worth more than 79% 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$749,120
CheaperTypical $610,374Pricier

Pricier than 79% of homes nearby

Price per ft²$617
CheaperTypical $421Pricier

Pricier than 95% of homes nearby

Living area1,215 ft²
SmallerTypical 1,655 ft²Bigger

Bigger than 26% of homes nearby

Lot size0.18 ac
SmallerTypical 0.13 acBigger

Bigger than 71% of homes nearby

Year built1950
OlderTypical 1920Newer

Newer than 62% of homes nearby

How 40 Memorial Dr ranks against every home in each area.
MeasureThis homeSalem NeckSalem 01970Essex County
Estimated valuepricier than$749,12031% of homes79% of homes58% of homes
Price per ft²pricier than$61781% of homes95% of homes92% of homes
Living areabigger than1,215 ft²17% of homes26% of homes19% of homes
Lot sizebigger than0.18 ac78% of homes71% of homes35% of homes
Year builtnewer than195073% of homes62% of homes43% of homes

About 40 Memorial Dr

How much is 40 Memorial Dr, Salem, MA worth?

The TopHap Estimate for 40 Memorial Dr, Salem, MA is $749,120 as of Aug 30, 2026. The likely range is $719,232 to $779,008. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 40 Memorial Dr, Salem, MA last sell?

40 Memorial Dr, Salem, MA last sold on May 31, 2013 for $287,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 40 Memorial Dr, Salem, MA?

40 Memorial Dr, Salem, MA has 4 bedrooms, 1 bathrooms, 1,215 square feet of living space and a 0.18-acre lot.

When was 40 Memorial Dr, Salem, MA built?

40 Memorial Dr, Salem, MA was built in 1950, making it 76 years old. It is a cape cod home. The building has 2 stories.

What schools serve 40 Memorial Dr, Salem, MA?

40 Memorial Dr, Salem, MA is assigned to Carlton (elementary), rated C; Salem Preparatory High School (high); Saltonstall School (middle), rated C+. All sit in Salem School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 40 Memorial Dr, Salem, MA compare to other homes in Salem 01970?

Among the 12,071 homes in Salem 01970, it is worth more than 79% of them ($749,120 against a typical $610,374), its price per square foot is higher than 95% of them ($617 against a typical $421), it is bigger than 26% of them (1,215 ft² against a typical 1,655 ft²), its lot is bigger than 71% of them (0.18 ac against a typical 0.13 ac) and it is newer than 62% of them (1950 against a typical 1920). Measured against all of Essex County, it is worth more than 58% 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 40 Memorial Dr, Salem, MA?

The 2025 property tax bill for 40 Memorial Dr, Salem, MA was $5,424. The county assessed it at $478,300.

More homes on Memorial Dr

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