$615,000
●
Condo -
Off Market
3 Mariners Way #3
Salem, MA 01970
2 Beds
3 Baths,
1
Half Bath
1,936 Ft²
$3,941
Est. Monthly
$473
HOA / Fees
3.01%
Cap Rate
About This Property
Welcome to 3 Mariners Way, a charming 2-bedroom, 2.5-bath townhouse
that has it all! The main level boasts a cozy spacious fire-placed
living room, perfect for entertaining, along with an updated eat-in
kitchen with tile backsplash, stainless steel appliances, and
upgraded counters. Private deck ideal for summer entertaining.
Upstairs, discover two bedrooms with en-suite bathrooms, including
a luxurious master suite with a Jacuzzi tub, a two-sided gas
fireplace, and a spacious walk-in closet. The lower level provides
a versatile space for a gym, home office or playroom, complete with
sliding doors that open to common outdoor space. Conveniently
located just minutes from Downtown Salem, shopping, commuter rail,
the beach, and only 13 miles from Logan Airport, this property
truly has it all.
Unit Size
1,936 Ft²
Days on Market
-
Land Size
-
Price per sqft
$310
Property Type
Condo
Property Taxes
$522
HOA Dues
$473
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: 2 years ago (MLSPIN #73325574)
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
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Area: 24
Length: 6
Width: 4
Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
Level: First
Width: 13
Level: First
Length: 19
Features: Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting, Stainless Steel Appliances
Area: 247
Area: 48
Width: 6
Level: Second
Features: Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Length: 8
Width: 12
Area: 192
Level: Second
Features: Ceiling Fan(s), Flooring - Wall to Wall Carpet
Length: 16
Level: First
Length: 22
Area: 308
Features: Flooring - Wood
Width: 14
Features: Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Area: 180
Width: 12
Level: Second
Length: 15
Level: Second
Length: 16
Width: 11
Features: Cathedral Ceiling(s), Ceiling Fan(s), Walk-In Closet(s), Flooring - Engineered Hardwood
Area: 176
Area: 260
Length: 20
Level: Basement
Width: 13
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet, Engineered Hardwood
Rooms: 5
Has Fireplace
Fireplace Features: Master Bedroom
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Off Street, Deeded
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: Mariners Village
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: Res
Parcel Number: M:07 L:0045 S:802, 3159734
Water Source: Public
Financial Details
Tax Assessed Value: $538,900
Tax Annual Amount: $6,262
Utilities Details
Utilities: for Gas Range
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
HOA Fee: $473
Community Features: Public Transportation, Shopping, Park, Golf, Medical Facility, Public School, T-Station, University
Pets Allowed: Yes w/ Restrictions
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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