6-R Hazel Terrace # 8, Salem MA 01970

Salem, MA 01970
$316,000
1
Beds
1
Baths
559
Sq Ft
$565
Price/Sq Ft
0.35
Acres
1920
Year Built
1
Parking
5
Days on Market
Sold Listed Apr 9, 2025 • MLS# 73357259 Copied! • Updated Jun 9, 2025

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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 19 similar properties sold within 0.5 miles in the last 90 days

This Property
$565/sq ft
Area Median
$435/sq ft
Difference
+30.0%

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

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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Recently Sold Nearby

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

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

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
Features Off Street, Deeded, Guest, Paved
Total Spaces 1
Electric 110 Volts, Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Gas Dryer, Washer Hookup
Annual Tax $2,936
Assessed Value $258,900

HOA & Community

HOA Fee $442 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Laundry, Storage
Optional Fee Includes None
Owner-Occupied Units 7
Seller Disclosures Floor Plan Is Attached. All Room Sizes Are Approximate.
Possession None
Accepted Financing None
Structure Type ["Garden","Mid-Rise"]
Unit/Building 8
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs, Master Plan, Floor Plans, Association Financial Statements, Certificate Of Insurance (7)
County Essex
Total market time (incl. prior listings) 6 days

Property Overview

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

Floor Layout

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
School District
Salem School District local
B-
School Safety 2024-25
3.6% Above Average
2.3% Suspensions 0.8% In-School 1.3% Emergency
1.9% below state avg
E

Elementary Schools

9 schools
The Greenhouse School
0.9 mi
Grades PK-08
The Phoenix School
1.0 mi
Grades PK-08
B-
Saltonstall School
0.3 mi | #460 of 824 | Score: 45.8
Improved 108 spots from last year
-12.4 below state avg
412 students Diverse
Rising School
Grades K-05
C-
Horace Mann Laboratory School
0.8 mi | #671 of 824 | Score: 37.4
Improved 50 spots from last year
-20.8 below state avg
293 students Diverse
Rising School Diverse Student Body
Grades PK-05
B
Witchcraft Heights School
1.3 mi | #388 of 824 | Score: 48.1
Improved 162 spots from last year
-10.1 below state avg
455 students Diverse
Rising School Diverse Student Body
Grades K-05
C+
Bentley Academy Innovation School
1.5 mi | #568 of 824 | Score: 42.3
Improved 143 spots from last year
-16 below state avg
286 students Moderate
Rising School
Grades PK-05
Salem Early Childhood School
1.5 mi
106 students Diverse
Diverse Student Body
Grades PK
B-
Carlton School
1.5 mi | #468 of 824 | Score: 45.6
Dropped 47 spots from last year
-12.6 below state avg
247 students Diverse
Grades K-05
B+
Bates School
1.8 mi | #325 of 824 | Score: 50.0
Improved 254 spots from last year
-8.2 below state avg
410 students Diverse
Rising School Diverse Student Body
Grades PK-05
M

Middle Schools

1 school
C+
Collins Middle School
0.6 mi | #219 of 352 | Score: 39.5
Improved 60 spots from last year
-18.7 below state avg
611 students Diverse
Rising School Diverse Student Body
Grades 06-08
H

High Schools

2 schools
B+
Salem Academy Charter School
0.6 mi | #139 of 346 | Score: 56.7
Improved 97 spots from last year
-1.5 below state avg
480 students Diverse
10 sports • 568 athletes
High Graduation Rate Rising School College Ready Curriculum
Grades 06-12
B
Salem High School
0.9 mi | #144 of 346 | Score: 56.1
Dropped 24 spots from last year
-2.1 below state avg
952 students Diverse
18 sports • 1,080 athletes
Early College Program Career Tech Programs College Ready Curriculum Strong Athletics
Grades 09-12
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Neighborhood

6-R Hazel Terrace # 8, Salem MA 01970

Salem, MA 01970

Listing Information

Listing Agent Mark T. Vadala
Listing Office Vadala Real Estate
Office Phone 978-281-1111
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.

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