Dimensions9 x 6
FeaturesBathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
LevelMain,First
3 Preston Rd # 1, Salem MA 01970
Salem, MA 01970 • South Salem
$485,000
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Sale Statistics
Sale Overview
Original List Price:
$529,900
Final Sale Price:
$485,000
Difference:
$44,900 (-8.5%)
Performance Metrics
91.5%
List to Sale Ratio
Sold below asking price
87
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$530
Sale $/sq ft:
$485
This property sold for $485 per square foot
Sale Summary
This property sold for 8.5% below the original asking price.
The property spent 87 days on market before selling.
Nearby Sales Comparison
Based on 7 similar properties sold within 0.5 miles in the last 90 days
This Property
$485/sq ft
Area Median
$302/sq ft
Difference
+60.5%
This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.
About this home
Welcome To 3 Preston Road! Like Brand New! This Designer Condo Was Completely Renovated in 2020! Open Concept Living And Dining Area Features Hardwood Floors And Flows Seamlessly Into Gorgeous Chef's Kitchen Complete With Stainless Steel Appliances, Gas Cooking, Granite Countertops, A Kitchen Island! Generous Cabinet And Counter Space Perfect For Both Everyday Living And Entertaining! Completing The Home Are Three Spacious Bedrooms, A Remodeled Luxury Full Bathroom, And In-Unit Laundry, Offering A Comfortable And Well-Designed Layout. Additional Highlights Include Assigned Driveway Parking Spaces, Exclusive Use Of The Back Porch, Additional Exclusive Basement Storage, And Access To A Private Common Outdoor Area. Low Condo Fee Includes Master Insurance And Common Electric. Conveniently Located Near Restaurants, Salem State College, Salem Hospital, Downtown, Parks, Public Transportation, And More!
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Recently Sold Nearby
Property History
Market Insights
2
Price Changes
9.4%
Price Range
90
Total Days on Market
Property Timeline
Sold
Aug 19, 2026
$485,000
Property sold
Days on Market: 90
Status: Active under contract
Jul 29, 2026
Active → Active Under Contract
Pending Sale
Jul 29, 2026
Offer accepted, sale pending
Price Reduced
Jul 8, 2026
$479,900
$20,100
(-4.02%)
From $500,000 to $479,900 (-4.0%)
Price Reduced
Jun 3, 2026
$500,000
$29,900
(-5.64%)
From $529,900 to $500,000 (-5.6%)
Listed for Sale
May 15, 2026
$479,900
Original listing
Agent: Colleen Toner
Office: Toner Real Estate, LLC
Listed for Sale
May 15, 2026
$529,900
Original listing
Agent: Colleen Toner
Office: Toner Real Estate, LLC
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/19/2026 | ✓ Sold | $485,000 | - | - | Property sold |
| 07/29/2026 | 📋 Status: Active under contract | - | - | - | Active → Active Under Contract |
| 07/29/2026 | ⏳ Pending Sale | - | - | - | Offer accepted, sale pending |
| 07/08/2026 | ↓ Price Reduced | $479,900 | $20,100 | - | From $500,000 to $479,900 (-4.0%) |
| 06/03/2026 | ↓ Price Reduced | $500,000 | $29,900 | - | From $529,900 to $500,000 (-5.6%) |
| 05/15/2026 | 🏠 Listed for Sale | $479,900 | - | - | Original listing |
| 05/15/2026 | 🏠 Listed for Sale | $529,900 | - | - | Original listing |
Tax History
| Year | Taxes | Assessment |
|---|---|---|
| 2025 | $4,889 | $431,100 |
Financial Details
Annual Property Tax
$4,889
Tax Year 2025
HOA Fee
$250
Monthly
Assessed Value
$431,100
Facts & Features
Home Facts
Type
Residential
Style
Condominium
Year Built
1930
Living Area
1,000 sq ft
Lot Size
0.10 acres
Stories
1
Bedrooms
3
Full Baths
1
Total Rooms
6
Interior
Heating
Baseboard, Natural Gas
Cooling
Window Unit(s)
Flooring
Tile, Hardwood
Appliances
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Fireplace
None
Basement
Y
Laundry
First Floor, In Unit
Features
None
Exterior
Construction
Frame
Architecture
None
Roof
Shingle
Features
Porch, Fenced Yard, Garden, Rain Gutters
Pool
None
Spa
None
Fencing
Fenced
Patio/Porch
Porch
Parking
Features
Off Street, Tandem
Total Spaces
2
Utilities
Electric
100 Amp Service
Water
Public
Sewer
Public Sewer
Gas
None
Other
For Gas Range
Financial
Annual Tax
$4,889
Assessed Value
$431,100
HOA & Community
HOA Fee
$250 Monthly
Fee Includes
Electricity, Water, Insurance
Amenities
None
Optional Fee Includes
None
Owner-Occupied Units
2
Pets
Yes
MA Disclosures
Lead Paint
Unknown
Seller Disclosures
None
Additional Details
Possession
None
Accepted Financing
None
Structure Type
["2/3 Family"]
Unit/Building
1
Sq Ft Source
Public Record
Sq Ft Disclosures
measurements are approximate
Documents
Master Deed, Unit Deed, Rules & Regs, Master Plan, Management Association Bylaws, Floor Plans (6)
County
Essex
Total market time (incl. prior listings)
90 days
Property Overview
Property Type
Condominium
Listing Type
Sold
Year Built
1930
Bedrooms
3
Full Bathrooms
1
Living Area
1,000 sq ft
Total Rooms
6
Stories
1
Entry Level
1
Floor Layout
Interactive room guide
Floor Layout
Finished Area
1,000 sq ft above grade
Dimensions12.5 x 8
FeaturesCloset, Flooring - Hardwood
LevelFirst
Dimensions13.5 x 23.2
FeaturesFlooring - Hardwood, Open Floorplan
LevelMain,First
Dimensions13.5 x 23.2
FeaturesFlooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
LevelMain,First
Dimensions12.5 x 11.5
FeaturesCloset, Flooring - Hardwood
LevelFirst
Dimensions13.5 x 11.11
FeaturesFlooring - Hardwood, Open Floorplan
LevelMain,First
Dimensions12.5 x 11.5
FeaturesCloset, Flooring - Hardwood
LevelFirst
Display Options
Outdoor Areas
Patio & porchPorch
Room Markers
BABathroom (4)
BRBedroom (5)
DDining (1)
KKitchen (1)
LLiving (2)
OOffice (1)
Conceptual diagram based on MLS room data. It is not to scale and is not a substitute for architectural plans or on-site measurements.
Interior Features
Flooring:
Tile, Hardwood
Appliances:
Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement:
Y
Laundry:
First Floor, In Unit
Security:
Construction & Materials
Year Built:
1930
Structure Type:
2/3 Family
Exterior Materials:
Frame
Roof:
Shingle
Foundation:
Stories:
1
Heating, Cooling & Utilities
Heating:
Baseboard, Natural Gas
Cooling:
Window Unit(s)
Hot Water:
Water Source:
Public
Sewer:
Public Sewer
Energy Features:
Exterior & Lot
Exterior Features:
Porch, Fenced Yard, Garden, Rain Gutters
Patio & Porch:
Porch
Fencing:
Fenced
Other Structures:
Lot Features:
Road Surface:
Parking & Garage
Total Parking Spaces:
2
Parking Features:
Off Street, Tandem
Nearby Schools
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
Elementary Schools
9 schools
The Greenhouse School
0.3 mi
Grades PK-08
The Phoenix School
1.6 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
B
Witchcraft Heights School
1.6 mi
|
#340 of 825
|
Score: 49.4
Improved 210 spots from last year
-8.8 below state avg
465 students
Diverse
Rising School
Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
2.2 mi
|
#531 of 825
|
Score: 43.7
Improved 180 spots from last year
-14.5 below state avg
277 students
Moderate
Rising School
Grades PK-05
Salem Early Childhood School
2.2 mi
107 students
Diverse
Diverse Student Body
Grades PK
B-
Carlton School
2.2 mi
|
#470 of 825
|
Score: 45.5
Dropped 49 spots from last year
-12.7 below state avg
249 students
Diverse
Diverse Student Body
Grades K-05
B+
Bates School
2.4 mi
|
#319 of 825
|
Score: 50.0
Improved 260 spots from last year
-8.2 below state avg
415 students
Diverse
Rising School
Diverse Student Body
Grades PK-05
Middle Schools
1 school
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
High Schools
2 schools
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
B+
Salem High School
0.8 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
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Location
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Neighborhood
South Salem
3 Preston Rd # 1, Salem MA 01970
Salem, MA 01970
Listing Information
Listing Agent
Colleen Toner
Listing Office
Toner Real Estate, LLC
Office Phone
781-780-9054
Agent MLS ID
C1541120
Office MLS ID
AC1714
Listing Data Updated
Aug 20, 2026 2:27 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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