12-1/2 Preston Rd, Salem MA 01970

Salem, MA 01970
$650,000
Est. $4,067/month
Estimate assumptions

20% down, a 30-year loan at 6.5%, and $200/month estimated insurance.

Includes the supplied property-tax and HOA inputs; missing inputs contribute $0. HOA fees with an unspecified frequency are treated as monthly. PMI and closing costs are excluded.

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3
Beds
3
Baths
2,076
Sq Ft
$313
Price/Sq Ft
0.17
Acres
1989
Year Built
1
Garage Space
New today
Time on Market
For Sale Open House Listed Oct 20, 2026 • MLS# 73592857 Copied! • Updated Oct 20, 2026

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Open House Schedule

24
Oct
Saturday, October 24
11:00 AM - 12:00 PM EDT
25
Oct
Sunday, October 25
11:00 AM - 12:00 PM EDT

About this home

Welcome to 12-1/2 Preston Road, a well-maintained split-entry home tucked onto a quiet Salem street, offering three bedrooms, three bathrooms and approximately 2,076 square feet of flexible living space across two levels. Step inside to a bright foyer with an arched transom window that leads up to the main living level. The living room is the showpiece, with a soaring cathedral ceiling, a skylight that fills the space with natural light, a ceiling fan and a cozy fireplace for New England evenings. The open floor plan flows into the dining area and kitchen, where you'll find ample cabinet and counter space, recessed lighting and laminate flooring. A slider off the dining area opens to a wood deck, a great spot for grilling, morning coffee or entertaining. The main bedroom includes its own private bath and a ceiling fan, while two additional bedrooms offer fresh wall-to-wall carpet and generous closet space. A second full bath with a skylight completes the main level. The finished walk-out lower level is a standout, with a large recreation room featuring a kitchenette area and a slider to the outside, a bonus room for an office, gym or guest space, and a third full bath. With its own exterior access, kitchenette and full bath, the lower level offers strong potential for an accessory dwelling unit (ADU) under Massachusetts' by-right ADU law, ideal for visiting guests or potential rental income. Buyers to verify all requirements with the City of Salem. Practical features include a one-car garage under with direct interior access and a garage door opener, plus off-street parking for four more vehicles. Gas heat with both forced air and hot water baseboard, insulated windows, full insulation, city water and sewer and a poured concrete foundation make this home efficient and easy to maintain. Set on a 0.17-acre lot with a paved driveway and a stone retaining wall, this home is close to Salem State University, parks, shopping, public transportation and downtown Salem, with easy access to major routes into Boston and the North Shore. Whether you need room to spread out, space to work from home or a flexible lower level with ADU potential, this move-in-ready home delivers comfort, space and opportunity. Don't miss it!

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Price & Status History

Property Timeline

🏠
Listed for Sale
Oct 20, 2026
$650,000
Original listing
Agent: Kevin Chiles Office: Charlesgate Realty Group LLC

Tax History

Year Taxes Assessment
2026 $6,966 $646,200

Financial Details

Annual Property Tax
$6,966
Tax Year 2026
Assessed Value
$646,200

Facts & Features

1 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1989
Living Area 2,076 sq ft
Lot Size 0.17 acres
Bedrooms 3
Full Baths 3
Total Rooms 8

Interior

Heating Forced Air, Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Vinyl, Carpet, Laminate
Appliances Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Living Room
Fireplaces 1
Basement Full, Finished, Walk-out Access, Interior Entry, Garage Access
Laundry None
Features Ceiling Fan(s), Dining Area, Slider, Home Office, Living/dining Rm Combo

Exterior

Construction Frame
Architecture Split Entry
Roof Shingle
Features Deck - Wood
Pool None
Spa None
Fencing None
Patio/Porch Deck - Exterior, Deck - Wood
Garage Spaces 1
Has Garage Yes
Features Attached, Under, Garage Door Opener, Garage Faces Side, Paved Drive, Off Street
Total Spaces 4
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $6,966
Assessed Value $646,200
Fee Includes None
Amenities None
Optional Fee Includes None
Lead Paint None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
House Color Gray
Sq Ft Source Public Record
Documents None
County Essex

Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1989
Bedrooms
3
Full Bathrooms
3
Living Area
2,076 sq ft
Total Rooms
8

Floor Layout

Interior Features

Flooring: Vinyl, Carpet, Laminate
Appliances: Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Ceiling Fan(s), Dining Area, Slider, Home Office, Living/Dining Rm Combo
Windows: Insulated Windows
Basement: Full, Finished, Walk-Out Access, Interior Entry, Garage Access
Laundry:
Security:

Construction & Materials

Style: Split Entry
Year Built: 1989
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Concrete Perimeter

Utilities & Systems

Heating: Forced Air, Baseboard, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Wood
Patio & Porch: Deck - Exterior, Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface: Paved

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 4
Parking Features: Attached, Under, Garage Door Opener, Garage Faces Side, Paved Drive, Off Street

Special Features

Fireplaces: 1
Fireplace Type: Living Room
Community Amenities: Public Transportation, Park, University, Sidewalks
School District
Salem School District local
B-
⚠ School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
↓ 1.9% below state avg
E

Elementary Schools

3 schools
The Greenhouse School
0.3 mi
Grades PK-08
C
Horace Mann Laboratory School
0.7 mi | #654 of 825 | Score: 38.1
Improved 67 spots from last year
-20.1 below state avg
320 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Saltonstall School
1.0 mi | #525 of 825 | Score: 43.9
Improved 43 spots from last year
-14.3 below state avg
267 students Diverse
Rising School Diverse Student Body Strong Attendance
Grades K-05
M

Middle Schools

3 schools
B-
Collins Middle School
1.1 mi | #203 of 352 | Score: 40.3
Improved 76 spots from last year
-17.9 below state avg
753 students Diverse
Rising School Diverse Student Body
Grades 06-08
B+
Village School
1.7 mi | #265 of 825 | Score: 51.8
Dropped 76 spots from last year
-6.4 below state avg
480 students Less Diverse
Strong Attendance
Grades 04-06
B+
Swampscott Middle School
1.8 mi | #122 of 352 | Score: 47.4
Dropped 51 spots from last year
-10.9 below state avg
663 students Moderate
Grades PK-08
H

High Schools

3 schools
B+
Salem High School
0.7 mi | #124 of 346 | Score: 58.3
Dropped 4 spots from last year
+0.1 above state avg
960 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
B+
Salem Academy Charter School
1.3 mi | #141 of 346 | Score: 57.0
Improved 95 spots from last year
-1.2 below state avg
477 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
A-
Marblehead High School
1.7 mi | #82 of 346 | Score: 62.5
Dropped 39 spots from last year
+4.3 above state avg
807 students Moderate
20 sports • 2,426 athletes
Strong AP Program High Graduation Rate Career Tech Programs College Ready Curriculum
Grades 09-12
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $581
Homeowners Insurance $200
PMI (if <20% down) $0

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Year 15
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Year 30
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Location

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Neighborhood

12-1/2 Preston Rd, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Kevin Chiles
Listing Office Charlesgate Realty Group LLC
Office Phone 978-664-3000
Agent MLS ID CN244679
Office MLS ID AN9289
Listing Data Updated Oct 20, 2026 1:07 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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