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CondominiumResidential
$512,738$575 / 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 $267,500 on Feb 23, 2015

87 FEDERAL ST

SALEM, MA 01970
Building report
2
Beds
1
Baths
892 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.
0.19 ac
Lot SizeThe size of the land the home sits on, from county records.
1893
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
4
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$513K
$486K low$540K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$267,500 · Feb 23, 2015

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$4,960 (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.$437,400 (2025)
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$437,400
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$460,370

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
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.Steam
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No

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 · 0.3 mi
M
Collins Middle SchoolB-
Middle · Grades 6–8 · 0.6 mi
E
Saltonstall SchoolC+
Elementary · Grades KG–8 · 0.7 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

87 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 less than 81% of homes in McIntire Historic District
  • Costs more per square foot than 90% of homes in Salem 01970
  • Smaller than 94% of homes in Essex County
  • Has a bigger lot than 79% of homes in McIntire Historic District
  • Older than 91% of homes in Essex County

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
$315K$1.2M

This home is worth more than 27% 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$512,738
CheaperTypical $610,636Pricier

Pricier than 27% of homes nearby

Price per ft²$575
CheaperTypical $422Pricier

Pricier than 90% of homes nearby

Living area892 ft²
SmallerTypical 1,655 ft²Bigger

Bigger than 10% of homes nearby

Lot size0.19 ac
SmallerTypical 0.13 acBigger

Bigger than 72% of homes nearby

Year built1893
OlderTypical 1920Newer

Newer than 27% of homes nearby

How 87 Federal St ranks against every home in each area.
MeasureThis homeMcIntire Historic DistrictSalem 01970Essex County
Estimated valuepricier than$512,73819% of homes27% of homes20% of homes
Price per ft²pricier than$57585% of homes90% of homes89% of homes
Living areabigger than892 ft²10% of homes10% of homes6% of homes
Lot sizebigger than0.19 ac79% of homes72% of homes36% of homes
Year builtnewer than189368% of homes27% of homes9% of homes

About 87 Federal St

How much is 87 Federal St, Salem, MA worth?

The TopHap Estimate for 87 Federal St, Salem, MA is $512,738 as of Aug 30, 2026. The likely range is $485,662 to $539,814. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 87 Federal St, Salem, MA last sell?

87 Federal St, Salem, MA last sold on Feb 23, 2015 for $267,500, according to the county's recorded deed.

How big is 87 Federal St, Salem, MA?

87 Federal St, Salem, MA has 2 bedrooms, 1 bathrooms, 892 square feet of living space and a 0.18-acre lot.

When was 87 Federal St, Salem, MA built?

87 Federal St, Salem, MA was built in 1893, making it 133 years old. It is a condo/apartment home. The building has 3 stories.

What schools serve 87 Federal St, Salem, MA?

87 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 87 Federal St, Salem, MA compare to other homes in Salem 01970?

Among the 12,071 homes in Salem 01970, it is worth more than 27% of them ($512,738 against a typical $610,636), its price per square foot is higher than 90% of them ($575 against a typical $422), it is bigger than 10% of them (892 ft² against a typical 1,655 ft²), its lot is bigger than 72% of them (0.19 ac against a typical 0.13 ac) and it is newer than 27% of them (1893 against a typical 1920). Measured against all of Essex County, it is worth more than 20% 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 87 Federal St, Salem, MA?

The 2025 property tax bill for 87 Federal St, Salem, MA was $4,960. The county assessed it at $437,400.

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