48 Prince Street # 3, Salem MA 01970

Salem, MA 01970
$2,950/mo
3
Beds
1
Baths
1,255
Sq Ft
0
Lot Sq Ft
1915
Year Built
34
Days on Market
Closed Listed Aug 22, 2025 • MLS# 73421467 Copied! • Updated Oct 6, 2025

Sale Statistics

Sale Overview
Original List Price: $2,800
Final Sale Price: $2,950
Difference: +$150 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $2
Sale $/sq ft: $2
This property sold for $2 per square foot
Sale Summary

This property sold for 5.4% above the original asking price, indicating strong buyer demand.

The property spent 34 days on market before selling.

Nearby Sales Comparison

Based on 11 similar properties sold within 0.5 miles in the last 90 days

This Property
$2/sq ft
Area Average
$3/sq ft
Difference
32.4%

This property sold below the area average, potentially representing good value for the buyer.

About this home

Price reduction for immediate occupancy. 3beds/1bath 3rd floor unit ideally situated in the neighborhood between Pickering Wharf, Salem’s historic district, Saltonstall school, and Salem University. Ocean views of Palmer Cove a notable green space as well as Palmer Park, this neighborhood has much to offer. Many of its original details including built in china cabinet, original wood trim with upgrades of Granite counter tops, stainless steel appliances and stained hard wood floors throughout. There is extra storage in basement and an enclosed 3 season porch make this a versatile and true home. The building is situated on a nice corner lot within walking distance to SSU and downtown Salem. Pets’ negotiable. Coin opt laundry in basement. All applicants must have a credit and background check to be done by Listing Agent (fee applies). Please email or text questions or showing requests for quickest response.

Property History

Market Insights

5.1%
Price Range
38
Total Days on Market

Property Timeline

Current Active Listing - MLS #73558966
Full transaction history available when tracking began
🏡
Currently Listed
Aug 4, 2026
$2,800
MLS #73558966 - Active
Sold
Oct 1, 2025
$2,950
Property sold
Days on Market: 38
🏠
Listed for Sale
Aug 23, 2025
$2,800
Original listing

Tax History

Year Taxes Assessment
Tax history not available

Facts & Features

Home Facts

Type Residential Lease
Style Apartment
Year Built 1915
Living Area 1,255 sq ft
Lot Size 0 sq ft
Bedrooms 3
Full Baths 1
Total Rooms 5

Rental Details

Available Available Now
Lease Term Term of Rental(12)
Rent Includes Water, Sewer, Trash Collection, Extra Storage, Laundry Facilities
Required First MonthLast Month
Heating Natural Gas
Cooling None
Flooring None
Appliances Range, Refrigerator
Fireplace None
Basement None
Laundry Third Floor, Dryer Hookups In Unit, Washer Hookups In Unit
Features None
Construction None
Architecture None
Roof None
Features Porch - Enclosed
Pool None
Spa None
Fencing None
Patio/Porch Enclosed
Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other None

Building & Pet Policy

Fee Includes None
Amenities None
Optional Fee Includes None
Possession None
Accepted Financing None
Structure Type []
Unit/Building 3
Sq Ft Source Other
Sq Ft Disclosures Tenants and Agents have to do their due diligence for living area; not measured by LA.
Documents None
County Essex
Total market time (incl. prior listings) 38 days

Property Overview

Property Type
Apartment
Listing Type
For Rent
Year Built
1915
Bedrooms
3
Full Bathrooms
1
Living Area
1,255 sq ft
Total Rooms
5
Entry Level
3

Floor Layout

Interior Features

Flooring:
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement:
Laundry: Third Floor, Dryer Hookups in Unit, Washer Hookups in Unit
Security:

Construction & Materials

Year Built: 1915
Structure Type:
Exterior Materials:
Roof:
Foundation:

Heating, Cooling & Utilities

Heating: Natural Gas
Cooling:
Hot Water:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed
Patio & Porch: Enclosed
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:
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

9 schools
The Phoenix School
1.1 mi
Grades PK-08
The Greenhouse School
1.2 mi
Grades PK-08
B-
Saltonstall School
0.1 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
1.1 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
C+
Bentley Academy Innovation School
1.1 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.1 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.2 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B
Witchcraft Heights School
1.5 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
B+
Bates School
1.6 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.8 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.2 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
1.2 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 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

48 Prince Street # 3, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Jennifer L. Ward
Listing Office North Shore Realty
Office Phone 978-922-6765
Agent MLS ID BB923590
Office MLS ID AN0805
Listing Data Updated Oct 6, 2025 5:42 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

Steve Novak Real Estate
Steve Novak Real Estate
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