116 Federal St

116 Federal St, Salem, MA, 01970

Description

116 Federal St, located in Salem, MA, offers a one-story, low-rise condominium building. This historic structure dates back to 1782 and holds 12 units. Each unit ranges from 885 to 2,064 square feet, providing ample space for residents. The units include 1, 2, and 3-bedroom options to suit different living situations. Prices for these units range from $329,000 to $380,000. The average closed price in the last year is about $420,000, with an average price per square foot of $475. Units typically spend around 49 days on the market, indicating a balanced supply and demand in the area. The property features a charming historical design, complete with common landscaping. Tandem parking ensures space for vehicles. Nearby amenities enhance life, with options like a golf course, bike paths, and public transit. Access to highways makes commutes manageable. Salem’s waterfront location contributes to the appeal. Residents enjoy proximity to the Atlantic Ocean, which adds scenic beauty. Popular local dining includes Hamilton Hall and Atomic Cafe, providing various cuisine options. Nearby schools, such as Henny Penny, offer education choices for families. Various recreational facilities exist within reach, including parks and tennis courts, which promote outdoor activities. Relaxing environments with garden areas support enjoyable living. Amenities make the building attractive and provide a well-rounded lifestyle. This well-maintained property combines historical charm with modern convenience in an appealing community location.