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3 Preston Rd # 1, Salem MA 01970

Salem, MA 01970 • South Salem
$529,900
$479,900
Est. $3,284/month
3
Beds
1
Baths
1,000
Sq Ft
$480
Price/Sq Ft
0.10
Acres
1930
Year Built
2
Parking
60
Days on Market
Active Price Drop -$50,000 Listed May 14, 2026 • MLS# 73519627 Copied! • Updated Jul 12, 2026

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

Property Timeline

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
$529,900
Original listing
Agent: Colleen Toner Office: Toner Real Estate, LLC

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
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
Features Off Street, Tandem
Total Spaces 2
Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range
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
Down Payment Resource Eligible
Pets Yes
Seller Disclosures None
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) 59 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1930
Bedrooms
3
Full Bathrooms
1
Living Area
1,000 sq ft
Total Rooms
6
Stories
1
Entry Level
1

Room Details

First Floor

Bedroom3
12.5 x 8
Closet, Flooring - Hardwood
Bedroom2
12.5 x 11.5
Closet, Flooring - Hardwood
Master Bedroom
12.5 x 11.5
Closet, Flooring - Hardwood

Other Floor

Bedroom5
Bedroom4
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom

Main,First Floor

Bathroom1
9 x 6
Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Remodeled
Dining Room
13.5 x 23.2
Flooring - Hardwood, Open Floorplan
Kitchen
13.5 x 23.2
Flooring - Hardwood, Dining Area, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
Living Room
13.5 x 11.11
Flooring - Hardwood, Open Floorplan

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 information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $407
Homeowners Insurance $200
HOA Fee $250/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

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 Jul 12, 2026 3:07 AM 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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Steven Novak
Steven Novak
BMN Boston Real Estate
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Steven Novak

Steven Novak

BMN Boston Real Estate

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