40 1st St, Salem, MA 01970 Property Records

Essex County and Salem City property record for 40 1st St, Salem, MA 01970

Property Summary

Property Type	Apartments (5+ Units)
Lot Size	6.78 acres (295,337 sqft)
Owner	Company Name on Record
Last Sale	$4,200,000 (Dec 2018)
Tax Bill	$529,487 (2023)
Deeds & Mortgages	Dec 2018 Sale & Mortgage Dec 2018 Transfer + 1 more
Flood Zone	Zone X (minimal risk)
APN	`SALE M:13 L:0011`

Property Details

APN / Parcel Number

Primary APN	`SALE M:13 L:0011`

Interior

Units	184 Units

Exterior

Lot Area	295,337 sqft (6.78 acres)
Total Buildings	6 Buildings

Utilities, Heating & Cooling

Cooling System	HVAC

Location & Zoning

Street Address	40 1ST ST
City	SALEM
State	MA
Zip	01970
Property Category	Residential
Property Type	Residential > Multi-Unit > Apartments (5+ Units)
Local Zoning Code	I
Legal Description	LOT:11 CITY/MUNI/TWP:SALEM
Legal Lot Number	11
Jurisdiction	SALEM MA
Township / Civil Division	SALEM
Census Block Group	2
Census Block	2001
Census Tract	204701

Owner

Source: Essex County and Salem City records, as of January 22, 2024

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	150 PRESIDENTIAL WAY STE 220, 220, WOBURN, MA 01801-1121
Occupancy	Owner Occupied
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Date	Document
Dec 28, 2018	Quit Claim Deed, Transfer · Unknown SALEM FIVE CENTS SAVINGS BANK
Dec 28, 2018	Quit Claim Deed, Transfer
Oct 13, 2017	Quit Claim Deed, Transfer SALEM TRADERS WAY L/TR (CT)

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Dec 28, 2018 · Amount on Record
Deed Sale	Dec 28, 2018 · Amount on Record
Prior Sale	Dec 28, 2018
Deed Document Number	0037246260
Deed Book / Page	37246 / 260
Record Updated	Jun 7, 2026

December 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SALEM MA
Recording Date	Dec 28, 2018
Property Address	40 1ST ST, SALEM, MA 01970
Document Number	037246-260
Book / Page	37246 / 260
Instrument Date	Dec 27, 2018
Instrument	20181228001730
Transaction Type	Transfer
Record Updated	Feb 14, 2022

Transaction

Amount	Amount Recorded
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	150 PRESIDENTIAL WAY STE 220, 220, WOBURN, MA 01801-1121

Mortgage

Document Number	181228001750
Date	Dec 28, 2018
Instrument	181228001750

Lender

Name	SALEM FIVE CENTS SAVINGS BANK
Type	Bank

Agreement

Type	Unknown
Amount	Amount Recorded

December 2018: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SALEM MA
Recording Date	Dec 28, 2018
Property Address	40 1ST ST, SALEM, MA 01970
Document Number	37246-254
Book / Page	037246 / 000254
Instrument Date	Dec 27, 2018
Instrument	1228001710
Transaction Type	Transfer
Record Updated	Jan 15, 2019

Transaction

Tax	$0.00
Additional	Intrafamily Transfer Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	40 1ST ST SALEM MA 01970, SALEM, MA 01970

October 2017: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	SALEM MA
Recording Date	Oct 13, 2017
Property Address	40 1ST ST, SALEM, MA 01970
Document Number	36250-432
Book / Page	036250 / 000432
Instrument Date	Oct 13, 2017
Instrument	1710130251
Transaction Type	Transfer
Record Updated	Oct 31, 2017

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$14,136.00
Amount Accuracy	Confirmed
Additional	Quitclaim Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Revocable Trust
Address	40 1ST ST SALEM MA 01970, SALEM, MA 01970

Mortgage

Document Number	36250-436
Date	Oct 13, 2017
Book Page	036250/000436
Instrument	1710130252

Lender

Name	SALEM TRADERS WAY L/TR (CT)

Agreement

Amount	Amount Recorded

Tax Assessment & Valuation

Source: Essex County and Salem City assessment roll, as of January 1, 2023

Property Jurisdictions

Type	Name
State	Massachusetts
County	Essex County
Municipality	Salem City
Unified School District	Salem School District (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2023	$529,487.00	$42,325,100 Land $12,144,000 Building $30,181,100

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

Source: FEMA National Flood Hazard Layer, effective July 10, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force
Nearby Flood Claims	4 (2006–2011)
Claims Outside the SFHA	4 of 4
Most Recent Claim	Oct 2011 · rainfall accumulation
Claims by Event	Severe Storms And Flooding, May 2006 · 2 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 95% of the US · lower than 90% of Massachusetts
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	SALEM WATER DEPARTMENT serves 44,480 people · EPA ID MA3258000
Water Source	Purchased surface water from SALEM AND BEVERLY WATER SUPPLY BOARD
Last State Inspection	Dec 2024

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. This system sells water to local utilities; the supplier billing this address may be one of them.

Internet Providers

Source: FCC Broadband Data Collection, based on 156 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 2,000
Verizon Fixed Wireless · Fiber in parts of the area	300 / 20
T-Mobile Fixed Wireless	100 / 20

May also be available: AT&T.

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