Financial
Distress signals
Property profile

224 Essex St 1 Salem, MA 01970

OFF-MARKET
Office Spaces
Property ID
US38-1760186
1,115 SF 0.09 ac lot Built 1920
Last sale Apr 1989
Individually Owned Owner of record is an individual. 37-yr Hold Held for 37 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$186k
Assessed improvement$186k
Effective rate2.37%

Value estimate

· Sep 2026
$315k
$284k – $347k
AI approach$315k

Realmo valuation models over county records and 17 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $396
Qualifying comparables17

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B5
Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be app...
General categoryUNKNOWN
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.7
Assisted Living Facility9.1
Butcher8.5

Location

224 Essex St, Unit 1 Salem, MA 01970-3705
County assessor Recorded deeds · 1 transfer 17 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
20 Central St, Salem, MA 01970-3752 $399,999 Dec 2025 1,361 SF
530 Loring Ave, Salem, MA 01970-4256 $275,000 Jul 2025 1,172 SF
11 Derby, Salem, MA 01970-3704 $335,000 Sep 2024 1,100 SF
192 Essex, Salem, MA 01970-3705 $675,000 Aug 2024 1,342 SF
6 Norman, Salem, MA 01970-3314 $159,000 Oct 2022 812 SF
8 Norman, Salem, MA 01970-3314 $140,000 May 2021 812 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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