3 Franklin Ct, Salem MA 01970

Salem, MA 01970
$650,000
Est. $3,460/month
3
Beds
2
Baths
1,860
Sq Ft
$349
Price/Sq Ft
0.06
Acres
1890
Year Built
Single Family Residence
Type
17
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73196561

About this home

Impeccably maintained a single-family residence in North Salem, nestled on a serene street merely a block away from Furlong Park. The main level boasts an effortlessly flowing layout, featuring a spacious formal dining room and an expansive living room with sliders that open to a fully newly fenced yard. The chef's kitchen with an island is thoughtfully designed for seamless entertaining, equipped with stainless steel appliances and ample counter space. The first floor also features a generously sized full bath with a tub and laundry facilities. The second floor hosts a primary bedroom with double closets, an additional full bath, and two more bedrooms. Noteworthy features include a newer gas heating system, a newer hot water heater, two-car off street parking, ample basement storage, a mudroom, a patio, and a yard with a shed. Situated less than a 10-minute walk from the Commuter Rail, downtown Salem, restaurants, and shops. This move-in-ready home awaits you.

Sale Statistics

Sale Overview
Original List Price: $639,900
Final Sale Price: $650,000
Difference: +$10,100 (+1.6%)
Performance Metrics
101.6%
List to Sale Ratio
Sold above asking price
17
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $344
Sale $/sq ft: $349
This property sold for $349 per square foot
Sale Summary

This property sold for 1.6% above the original asking price, indicating strong buyer demand.

With only 17 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1890
Bedrooms
3
Full Bathrooms
2
Living Area
1,860 sq ft
Total Rooms
6

Interior Features

Flooring
Wood, Tile
Heating
Forced Air
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
No
Appliances
Electric Water Heater, Disposal, Microwave, Washer, Dryer, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Oven
Interior Features
Closet, Mud Room
Laundry Features
First Floor
Basement Details
Partial, Crawl Space, Unfinished
Window Features
Window(s) - Bay/Bow/Box

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Stone
Exterior Features
Patio, Fenced Yard
Patio/Porch Features
Patio
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Features
Harbor, Ocean, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.06 acres
Lot Size
2,426 sq ft
Lot Size Area
0.0600
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
2
Parking Features
Paved Drive, Off Street, Tandem

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$5,872
Tax Year
2023
Tax Assessed Value
$469,400
Parcel Number
M:26 L:0378,2132511
Zoning
R2

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Buyers and agents must verify all information and perform their own due diligence.

Location

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Neighborhood

3 Franklin Ct, Salem MA 01970

Salem, MA 01970

Walkability

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Schools

School information not available

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $489
Homeowners Insurance $200
PMI $0

Property History

Market Insights

1.6%
Price Range
18
Total Days on Market

Property Timeline

Sold
Mar 26, 2024
$650,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Jan 25, 2024
$639,900
Original listing
Agent: Michael Malkin Office: Redfin Corp.

Price & Status History

Date Event Price Change
Jan 25, 2024 New Listing Added $639,900

Market Statistics

Days on Market
17 days
Price per Sq Ft
$349

Tax History

Year Taxes Assessment
2023 $5,872 $469,400

Financial Details

Annual Property Tax
$5,872
Tax Year 2023
Assessed Value
$469,400

Listing Information

Listing Agent Michael Malkin
Listing Office Redfin Corp.
Agent MLS ID CN221495
Office MLS ID NB3534

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