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6-R Hazel Terrace # 8, Salem MA 01970

Salem, MA 01970
$316,000
Est. $2,485/month
1
Beds
1
Baths
559
Sq Ft
$565
Price/Sq Ft
0.35
Acres
1920
Year Built
5
Days on Market
Closed Listed Apr 9, 2025 • MLS# 73357259 Copied!

About this home

This sun-splashed 1-bedroom condo in a well-maintained Brick building is located in the heart of Salem! Featuring modern conveniences while retaining charming period details! Features include an eat-in kitchen with Granite countertop, gas stove, microwave and dishwasher, a tiled bathroom, high ceilings and hardwood flooring throughout!. With oversized replacement windows for ample natural light and a private outdoor deck allowing for outdoor living! Install your own washer/dryer in the unit with the hookups provided or use the shared laundry in the basement. This unit comes with ample storage including a large closet in the front hallway and dedicated basement storage. PET FRIENDLY! Heat and hot water are included in your monthly condo fee. Off-street parking for 1 car. Convenient location near Salem's historic downtown and Salem State University. Why rent when you can own? OFFERS DUE ON TUESDAY 4/15 AT 2PM.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Bedrooms
1
Full Bathrooms
1
Living Area
559 sq ft
Total Rooms
4
Stories
3
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $299,900
Final Sale Price: $316,000
Difference: +$16,100 (+5.4%)
Performance Metrics
105.4%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $536
Sale $/sq ft: $565
This property sold for $565 per square foot
Sale Summary

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

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 12 similar properties sold within 0.5 miles in the last 90 days

This Property
$565/sq ft
Area Average
$350/sq ft
Difference
+61.3%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 559 sq ft
Lot Size 0.35 acres
Bedrooms 1
Full Baths 1
Total Rooms 4

Interior

Heating Hot Water, Oil
Cooling None
Flooring Tile, Hardwood, Flooring - Hardwood
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, Common Area, In Unit, Gas Dryer Hookup, Washer Hookup
Features Lighting - Overhead, Entrance Foyer, Internet Available - Broadband

Exterior

Construction Brick
Architecture None
Roof Rubber
Features Deck - Wood, Screens
Pool None
Spa None
Fencing None
Patio/Porch Deck - Wood

Parking

Features Off Street, Deeded, Guest, Paved
Total Spaces 1

Utilities

Electric 110 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Dryer, Washer Hookup

Financial

Annual Tax $2,936
Assessed Value $258,900

Interior Features

Flooring: Tile, Hardwood, Flooring - Hardwood
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features: Lighting - Overhead, Entrance Foyer, Internet Available - Broadband
Windows: Insulated Windows, Screens
Basement: Y
Laundry: In Basement, Common Area, In Unit, Gas Dryer Hookup, Washer Hookup
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2006
Structure Type: Garden, Mid-Rise
Exterior Materials: Brick
Roof: Rubber
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Hot Water, Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Deck - Wood, Screens
Patio & Porch: Deck - Wood
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded, Guest, Paved

Location

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Neighborhood

6-R Hazel Terrace # 8, Salem MA 01970

Salem, MA 01970

Walkability

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Nearby Schools

School information not available for this location.

Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $245
Homeowners Insurance $200
HOA Fee $442/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

5.1%
Price Range
6
Total Days on Market

Property Timeline

Sold
Jun 9, 2025
$316,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Apr 9, 2025
$299,900
Original listing
Agent: Mark T. Vadala Office: Vadala Real Estate

Price & Status History

Date Event Price Change
Apr 9, 2025 New Listing Added $299,900

Market Statistics

Days on Market
5 days
Price per Sq Ft
$565

Tax History

Year Taxes Assessment
2025 $2,936 $258,900

Financial Details

Annual Property Tax
$2,936
Tax Year 2025
HOA Fee
$442
Monthly
Assessed Value
$258,900

Listing Information

Listing Agent Mark T. Vadala
Listing Office Vadala Real Estate
Agent MLS ID C8000047
Office MLS ID C95600
Listing Data Updated Jun 9, 2025 3:07 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Salem, MA

Real-time market trends and pricing data for this area

6-R Hazel Terrace # 8, Salem MA 01970 - Photo 1 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 2 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 3 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 4 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 5 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 6 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 7 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 8 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 9 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 10 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 11 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 12 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 13 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 14 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 15 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 16 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 17 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 18 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 19 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 20 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 21 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 22 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 23 6-R Hazel Terrace # 8, Salem MA 01970 - Photo 24
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