$315,000
●
Condo -
Off Market
3 Mariners Way #3
Salem, MA 01970
2 Beds
3 Baths,
1
Half Bath
1,936 Ft²
$546,819
RealtyHop Estimate
68.25%
Since Jun 1, 2016
MA-Boston
Primary Model
About This Property
Beautiful, sun filled, 3 level townhouse in desirable Mariner
Village! Spacious 2 BR, 2.5 BA with finished lower level.
Freshly painted and Bright! Main level features open concept
entertaining space. Large eat in kitchen with updated appliances,
plenty of seating space, white cabinets and door to a private deck.
Huge living room/dining room combo or playroom with gas fireplace
and 1/2 bath finishes off this level. Both large bedrooms on
2nd level have cathedral ceilings with their own private bathrooms.
The spacious Master bedroom suite includes a walk-in closet
and a double sided gas fireplace, Jacuzzi tub, and separate shower.
Finished room in lower level has sliders to yard and could be used
as a 3rd bedroom, playroom or office space. Laundry/utility room
and access to 1 car garage. This unit has plenty of storage. Hot
Water Tank 2013, High Efficiency Gas Furnace 2008, Roof 2015,
Windows 2013. Pet Friendly.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
-
Price per sqft
$168
Property Type
Condo
Property Taxes
$432
HOA Dues
$304
Year Built
1999
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 years ago (MLSPIN #71955440)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 10, 2026 | In contract | - | |
| In contract | |||
| Jun 18, 2026 | Listed by RE/MAX Partners Relocation | $649,000 | |
| Listed by RE/MAX Partners Relocation | |||
   | |||
|
FINALLY - a Home that checks ALL THE BOXES in Salem's most sought-after development! Relocating Executive Seller has meticulously maintained & updated this DREAM HOME, with NEW BOSCH HEAT PUMP ($20K), freshly painted interior, and other various upgrades throughout. As the discerning Buyer enters into the homes sunny Foyer, they will notice high ceilings, oversized windows, gleaming hardwood floors, and a HUGE PRIVATE DECK!, perfect for dining al-fresco in the warmer months! The large Living Room, complete with cozy fireplace, leads into the oversized chef's Kitchen with updated counter tops & cabinets, newer Stainless-Steel appliances, and an eat-in Dining Area. Upstairs are two Bedroom suites, both with en-suite Bathrooms! The PRIMARY SUITE also features a walk-in custom closet AND double-sided Fireplace. The finished WALK OUT Lower Level (with slider to outdoor area) makes a great HOME GYM, GUEST AREA, or HOME OFFICE. Plus: oversized Garage, and Laundry Area. THE PERFECT HOME!
| |||
| Mar 4, 2025 | Sold | ||
| Sold | |||
| Jan 17, 2025 | In contract | - | |
| In contract | |||
Show More
Property Highlights
Air Conditioning
Fireplace
Garage
Parking Available
Interior Details
Level: First
Features: Flooring - Stone/Ceramic Tile, Balcony / Deck
Level: Second
Features: Bathroom - Full, Bathroom - With Shower Stall, Fireplace, Cathedral Ceiling(s), Hot Tub / Spa
Level: Second
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Second
Level: First
Features: Flooring - Wall to Wall Carpet
Level: Basement
Features: Flooring - Wall to Wall Carpet
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall
Level: Second
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Central Vacuum
Appliances: Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Tile, Carpet
Laundry Features: In Unit, Washer Hookup
Rooms: 5
Has Fireplace
Fireplace Features: Living Room, Master Bedroom
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Off Street
Garage Spaces: 1
Exterior Details
Entry Level: 1
Security Features: Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Mariner Village
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Patio and Porch Features: Deck - Wood
Lead Paint: None
Lot Size Units: Acres
Zoning: Res
Parcel Number: 3159734
Water Source: Public
Financial Details
Tax Assessed Value: $330,700
Tax Annual Amount: $5,182
Utilities Details
Utilities: for Gas Range, for Gas Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
Association Fee Frequency: Monthly
HOA Fee: $304
Community Features: Public Transportation, Shopping, Walk/Jog Trails
Pets Allowed: Yes
Complex is Completed
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
01/15/2025
|
2 Bed
|
3 Bath
|
1936 ft²
|
$599,900
2 Bed
3 Bath
1936 ft²
|
$615,000
+2.52%
03/04/2025
|
Team Blue
ERA Key Realty Services
| |
|
04/15/2020
|
2 Bed
|
3 Bath
|
1935 ft²
|
$429,000
2 Bed
3 Bath
1935 ft²
|
$439,000
+2.33%
06/25/2020
|
Katiane Caetano
Century 21 North East
| |
|
02/03/2016
|
2 Bed
|
3 Bath
|
1936 ft²
|
$325,000
2 Bed
3 Bath
1936 ft²
|
$315,000
-3.08%
05/27/2016
|
Judith White
Sagan Harborside Sotheby's International Realty
| |
|
06/18/2008
|
2 Bed
|
3 Bath
|
2434 ft²
|
$314,900
2 Bed
3 Bath
2434 ft²
|
$305,000
-3.14%
10/24/2008
|
Ronald McKinnon
Keller Williams Realty Evolution
|
Building Info
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