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3 Preston Rd 1Salem, MA 01970

For Sale

$500,000

Smart Buyer Rebate - Ask

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!

Listed by Colleen Toner

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Toner Real Estate, LLC

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617-438-7878

Listed by Antoinette Lynch

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Toner Real Estate, LLC

Last updated June 13, 2026

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Source: MLSPin #73519627

Listing Facts

  • TypeCondo
  • NeighborhoodSouth Salem
  • Bedrooms3
  • Bathrooms1
  • Days on Prevu32
  • HOA/Maint. Fees$250/month
  • Taxes$4,889/year
  • Size1,000 sqft
  • Price per sqft$500

Amenities

  • Dishwasher
  • Private Outdoor Space
  • Washer/Dryer
  • Pets Allowed
  • Parking

Location

Mortgage Calculator

Listing History

06/03/2026
Price Decreased
$500,000
05/14/2026
Listed by Toner Real Estate, LLC
$529,900

Property Details for 3 Preston Rd 1

Association

Amenities

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House Of Worship, Marina, Public School, T-Station, University
  • Pets Allowed: Yes

Fees

  • Association Fee: $250.00 Monthly
  • Association Fee Includes: Electricity, Water, Insurance

Exterior

Construction

  • Number Of Units Total: 2
  • Roof: Shingle
  • Stories: 1
  • Stories Total: 1
  • Structure Type: 2/3 Family
  • Year Built: 1930
  • Year Built Details: Approximate
  • Building Name: 3 Preston Road Condominium Trust
  • Common Walls: End Unit
  • Construction Materials: Frame
  • Entry Level: 1
  • Entry Location: Unit Placement(Street,Front)
  • Exterior Features: Porch, Fenced Yard, Garden, Rain Gutters

Features

  • Fencing: Fenced
  • Patio And Porch Features: Porch
  • Waterfront Features: Ocean, 1 To 2 Mile To Beach, Beach Ownership(Public)

Measurements

  • Building Area Total: 1,000
  • Building Area Units: Square Feet
  • Lot Size Acres: 0.10
  • Lot Size Area: 0
  • Lot Size Square Feet: 4,164
  • Lot Size Units: Acres

Financial

Taxes

  • Parcel Number: M:23 L:0199 S:801,5156766
  • Tax Annual Amount: $4,889.00
  • Tax Assessed Value: $431,100.00
  • Tax Year: 2025

Interior

Features

  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
  • Flooring: Tile, Hardwood

Measurements

  • Living Area: 1,000
  • Living Area Source: Public Record

Rooms

  • Basement: Y
  • Bathrooms Full: 1
  • Bathrooms Total Integer: 1
  • Bedrooms Total: 3
  • Main Level Bathrooms: 1
  • Rooms Total: 6

Parking

Parking

  • Open Parking Spaces: 2
  • Parking Features: Off Street, Tandem
  • Parking Total: 2

Schools

Elementary School

  • Elementary School: Bates

High School

  • High School: Salem High

Middle or Junior School

  • Middle Or Junior School: Collins

Utilities

Equipment

  • Cooling: Window Unit(s)
  • Has Cooling: Yes
  • Electric: 100 Amp Service
  • Heating: Baseboard, Natural Gas
  • Has Heating: Yes
  • Laundry Features: First Floor, In Unit
  • Sewer: Public Sewer
  • Utilities: For Gas Range
  • Water Source: Public

Frequently Asked Questions

How many bedrooms and bathrooms does this condo have?

There are 3 bedrooms and 1 bathroom in this condo at 3 Preston Rd 1.

What schools are nearby to 3 Preston Rd 1?

Nearby schools include the Bates Elementary School, Collins Middle School, and Salem High.

Does this condo have parking?

Yes, there are 2 parking spaces available for 3 Preston Rd 1.

Are pets allowed at 3 Preston Rd?

Yes, 3 Preston Rd allows pets.

What are the annual taxes for 3 Preston Rd 1?

Annual taxes for this condo are estimated at $4,889.

How does 3 Preston Rd 1 compare to other condos in South Salem?

This condo is listed 8% above the average price for condos in South Salem and has been on the market for 13 more days than the typical home in this area.

What building or home owners association is the condo part of?

This condo is in the 3 Preston Road Condominium Trust building.

What is the square footage on this condo?

According to the MLS, this listing is 1,000 sqft.

3 Preston Rd 1 is a 3-bedroom, 1-bath condo for sale in Salem MA 01970. Available on Prevu for 32 days at $500,000. This includes a recent price decrease of $29,900. This home features 1,000 square feet of living space, located in South Salem. The median listing price for condos in this area is $594,950. Nearby schools include Bates Elementary School, Collins Middle School, and Salem High. Additional amenities include private outdoor space, dishwasher, pets allowed, parking, and washer/dryer. Explore more condo listings in Salem.

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors, landlords and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non commercial use of consumers having a good faith interest in purchasing, leasing or renting listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing, leasing or renting. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.