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557 Salem Street Unit 5

Malden, MA 02148

Name: Open House: 5pm-6:30pm
Start: 2025-04-17T17:00:00
End: 2025-04-17T18:30:00
Location: 557 Salem Street Unit 5

2 beds
2 baths
970 sqft
$541 per sqft
1952 build
– on site

Incredible commuter location! This bright and sunny, top floor, 2 bedroom loft style penthouse features an open concept design with central air conditioning and plenty of natural light flowing through the large windows. Beautiful and modern kitchen with maple cabinets, newer high end stainless steel kitchen appliances are included, 2 tiered granite countertops, hardwood and ceramic flooring throughout. Just off the living room is the 2nd bath where you'll find your newer washer and dryer (also included). The primary bedroom has a large walk-in closet. No need to leave your car on the street, there is one deeded spot to park your car and 2 off street visitor parking spots for the guests of the complex. If you are in need of extra storage, you have a designated enclosed spot in the basement. All this in an ideal location, close to local shops, restaurants, schools and everything Malden and the surrounding communities have to offer, with easy access to Boston. Move-in ready, a must see!

Listing courtesy of MLSPIN / Michael Lord / Capital Realty Group

Last checked: Checking… • Last updated Apr 15, 2025 •

MLS# 73359710 —

Upcoming Open Houses

Thursday, 4/17
5pm-6:30pm

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The Building

Year Built:

1952
Year Built Details:

Actual,Renovated Since
Year Built Source:

Public Records
Structure Type:

Mid-Rise
Construction Materials:

Frame
Entry Level:

3
Common Walls:

No One Above
Roof:

Shingle
Basement:

Y
Exterior Features:

Patio
Window Features:

Insulated Windows
Patio And Porch Features:

Patio
Unit Number:

5
Stories Total:

1
Stories:

1
# of Units Total:

6
Building Area Total:

970
Building Area Units:

Square Feet
Building Area Source:

Public Records

Interior

Rooms Total:

4
Flooring:

Wood
Fireplace:

false
Laundry Features:

In Unit

Room Dimensions

Living Area:

970
Living Area Source:

Public Record

Location

Directions:

GPS to 557 Salem
Latitude:

42.432026
Longitude:

-71.049193

The Property

Parcel Number:

4271500
Property Type:

Residential
Property Subtype:

Condominium
Property Attached:

true
Lot Size Units:

Acres
Zoning:

ResA
Waterview:

No
Waterfront:

false
Farm Land Area Units:

Square Feet

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Tax Book Number:

78051
Tax Annual Amount:

5912
Tax Assessed Value:

522300

Beds

Bedrooms Total:

2

Baths

Total Baths:

1.5
Total Baths:

2
Full Baths:

1
Half Baths:

1

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Forced Air
Heating:

true
Cooling:

Central Air
Cooling:

true

Utilities

Utilities:

for Gas Range
Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Range

The Community

Senior Community:

false
Community Features:

Public Transportation
Spa:

false
Pets Allowed:

Yes w/ Restrictions
Association Fee:

275
Association Fee Includes:

Water
Association Fee Frequency:

Monthly

Parking

Garage:

false
Parking Total:

1
Parking Features:

Off Street
Open Parking:

true

Monthly cost estimate

Asking price

$525,000

Expense	Monthly cost
Mortgage	$2,811
Taxes	$492
Insurance	$144
HOA fees	$275
Utilities	$180 See report
Total	$3,902/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Max Internet Speed

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Provided by BroadbandNow®

Sale history

Date	Event	Source	Price	% Change
4/15/25 Apr 15, 2025	Listed / Active	MLSPIN	$525,000	64.1% (3.2% / YR)
5/27/05 May 27, 2005		MLSPIN	$319,900	39.1% (12.0% / YR)
2/20/02 Feb 20, 2002		MLSPIN	$230,000

35% of nearby similar homes sold for over asking price

Similar homes that sold in bidding wars went $18k above asking price on average, but some went as high as $46k over asking price.

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This condo located in North Faulkner, Malden, MA 02148 is currently for sale for $525,000. 557 Salem Street Unit 5 is a 970 square foot condo with 2 beds and 2 baths that has been on Estately for 0 days. 557 Salem Street Unit 5 is in the North Faulkner neighborhood of Malden and has a WalkScore® of 86, making it very walkable.

Listing Courtesy of: MLSPIN and Capital Realty Group.

The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Estately and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. Users may not reproduce or redistribute the data found on this site. The data is for viewing purposes only. All information provided is deemed reliable but is not guaranteed by Estately or MLSPIN and should be independently verified.

557 Salem Street Unit 5

Malden, MA 02148