116 Federal St
Salem, MA 01970
2 bd 1 ba 1,016 sqft Built 1782 condos
Most recent sale
$315,000
Aug 19, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 19, 2022 | Sold | $315,000 | MLS #73007244 |
| Jul 21, 2022 | Relisted | $379,000 | MLS #73007244 |
| Jul 15, 2022 | Price changed | $379,000 | MLS #73007244 |
| Jul 6, 2022 | Listed | $399,900 | MLS #73007244 |
| Jan 6, 1998 | Sold | $85,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $444,400 | — | $444,400 | $5,039 |
| 2024 | $394,100 | — | $394,100 | $4,579 |
| 2023 | $379,400 | — | $379,400 | $4,746 |
| 2022 | $340,100 | — | $340,100 | $4,506 |
| 2021 | $334,400 | — | $334,400 | $4,615 |
| 2020 | $279,800 | — | $279,800 | $4,043 |
| 2019 | $248,200 | — | $248,200 | $3,748 |
| 2018 | $233,400 | — | $233,400 | $3,590 |
| 2017 | $227,600 | — | $227,600 | $3,610 |
| 2016 | $208,800 | — | $208,800 | $3,272 |
| 2015 | $201,800 | — | $201,800 | $3,312 |
| 2014 | $201,800 | — | $201,800 | $3,376 |
| 2006 | $254,400 | — | $254,400 | $2,852 |
| 2005 | $232,200 | — | $232,200 | $2,642 |
| 2004 | $225,900 | — | $225,900 | $2,645 |
| 2003 | $169,500 | — | $169,500 | $2,181 |
Property facts
Year built
1782
Property type
condos
Stories
2
Beds
2
Baths
1
Living area
1,016 sqft
Lot size
—
ZIP code
01970
City
Salem
Street
Federal St
Coordinates
42.52163, -70.90215
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,946
Gross rental yield
11.22%
Implied cap rate
7.29%
Trend-extrapolated value
—
Frequently asked questions
When did 116 Federal St last sell?
116 Federal St most recently sold on Aug 19, 2022 for $315,000.
What is the current tax assessment for 116 Federal St?
The most recent total assessment for 116 Federal St (year 2025) is $444,400 with $5,039 in property tax.
How does 116 Federal St's assessment compare to its last sale price?
The current assessment is 41.1% above the last sale price of $315,000.
When was 116 Federal St built?
116 Federal St was built in 1782.
How does 116 Federal St compare to others on Federal St?
We track 8 other properties on Federal St. Browse the list under "Other properties on Federal St" to compare beds, baths, and sale history.
What are the property facts for 116 Federal St?
116 Federal St is a 2 bed, 1 bath, 1,016 sqft condos.
Is 116 Federal St a flip candidate?
No — 116 Federal St does not appear in our flips dataset.
Is 116 Federal St a tax-appeal candidate?
Yes — 116 Federal St appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
0.0%
Implied 1-yr
-0.1%
2026 Q3
$565.8K
2026 Q4
$565.7K
ZIP 01970 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Federal St