5 SCHOOL ST #5 SALEM MA 019702306, 5, SALEM, MA 01970-2306
Mortgage
Document Number
36533-441
Date
Feb 15, 2018
Book Page
036533/000441
Instrument
1802151640
Lender
Name
CITIZENS BK/RI
Type
Bank
Agreement
Type
Conventional Mortgage
Amount
Amount on Record
Term
360 Months
Due
Feb 14, 2048
October 2017: Deed of Trust, Mortgage
Document Type
Deed of Trust
Jurisdiction
SALEM MA
Property Address
5 SCHOOL ST, SALEM, MA 01970-2306
Document Number
36277-491
Book / Page
036277 / 000491
Instrument Date
Oct 20, 2017
Transaction Type
Mortgage
Record Updated
Nov 14, 2017
Transferred To (Grantee/Buyer)
Name
Verified Name
Mortgage
Document Number
36277-491
Date
Oct 25, 2017
Book Page
036277/000491
Instrument
1710251760
Lender
Name
STEARNS LNDG
Agreement
Type
Conventional Mortgage
Amount
Amount on Record
Term
360 Months
Due
Oct 24, 2047
Tax Assessment & Valuation
The 2026 property tax bill for 5 School St was $4,759, up 2.1% from the year before.
Source: Essex County and Salem City assessment roll, as of April 14, 2026
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
Assessed Market Value
2026
$4,759.00 (+2.1%)
$441,500 (+7.42%)Building $441,500
$465,419 (+0.56%)
2025
$4,661.00 (+3.14%)
$411,000 (+5.68%)Building $411,000
$462,840
2024
$4,519.00 (-5.48%)
$388,900 (+1.75%)Building $388,900
2023
$4,781.00
$382,200Building $382,200
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
Flood
FEMA maps place 5 School St in Zone X, an area of minimal flood risk, though there have been 16 flood claims nearby since 1991.
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
28 units insured incl. 19 condo units
Nearby Flood Claims
16 (1991–2024)
Claims Outside the SFHA
3 of 16
Most Recent Claim
Jan 2024 · river or lake flooding
Claims by Event
Severe Winter Storm And Flooding, Mar 2018 · 2 claims
Severe Storms And Flooding, Mar 2010 · 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
The area around 5 School St has no burnable land within ember reach, so its wildfire risk is not rated.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
Wildfire Risk
Not rated no burnable land within 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 867 locations within half a mile, as of December 31, 2025
Provider
Max Down / Up (Mbps)
Xfinity Cable
2,000 / 2,000
May also be available: Astound Broadband, AT&T, Verizon.