3 Hazel St Salem, MA 01970
South Salem Neighborhood
5
Beds
3
Baths
2,056
Sq Ft
1,673
Sq Ft Lot
Highlights
- Deck
- Wood Flooring
- Jogging Path
- Property is near public transit
- Solid Surface Countertops
- Balcony
About This Home
As of June 2025UNIT 1 IS VACANT. UNIT 2 LEASE ENDS MAY 31ST. UNIT 3 TAW, MOVING OUT JULY 31ST. Adding to the rental portfolio? Or maybe looking to get started? Look no further than 3 Hazel Street. Unit 1 and 2 offer flexible configuration and can be used as 1 or 2 bedroom units, each with 1 bathroom. Unit 3 is a charming 1 bed 1 bath unit. Unit 1 has had a recent renovation including new kitchen, refinished floors, and installation of a mini-split system offering heating and cooling. All units have separate electric and gas utilities. Still room for value-add by increasing rents, by doing cosmetic updates, and adding in-building laundry. This 3-family is nicely situated between Salem State University and Downtown, and will be in close proximity to the proposed South Salem Station. Salem and surrounding towns offer great amenities such as beaches, golf courses, restaurants, shops, and nature trails. Great long term hold.
Last Agent to Sell the Property
William Raveis R.E. & Home Services Listed on: 04/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,326
Year Built
- Built in 1915
Lot Details
- 1,673 Sq Ft Lot
- Property fronts an easement
Parking
- Open Parking
Home Design
- Stone Foundation
- Slate Roof
Interior Spaces
- 2,056 Sq Ft Home
- Ceiling Fan
- Living Room
- Dining Room
- Basement Fills Entire Space Under The House
Kitchen
- Range
- Microwave
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Outdoor Features
- Balcony
- Deck
- Rain Gutters
- Porch
Location
- Property is near public transit
- Property is near schools
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Separate Meters
Listing and Financial Details
- Total Actual Rent $975
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:33 L:0291,2134848
Community Details
Overview
- 3 Units
- Property has 1 Level
Recreation
- Jogging Path
Additional Features
- Coin Laundry
- Net Operating Income $11,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 11, 2014
Closed on
Dec 31, 2014
Sold by
3 Hazel Street Rt
Bought by
Mccarron Jonathan D
Seller's Agent
Pam McKee
Keller Williams Realty Evolution
Buyer's Agent
Marie Bishop
LAER Realty Partners
List Price
$349,000
Sold Price
$340,000
Premium/Discount to List
-$9,000
-2.58%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$255,000
Interest Rate
3.99%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 18, 2011
Sold by
Harlow-Powell Donald
Bought by
3 Hazel St Rt
Purchase Details
Closed on
Sep 21, 2011
Sold by
Quinlan Donna J and Quinlan Daniel R
Bought by
Harlow-Powell Donald
Similar Homes in Salem, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $340,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | $175,000 | -- | |
| Deed | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $324,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $315,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $255,000 | New Conventional | |
| Previous Owner | $140,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Sold | $820,000 | -3.5% | $399 / Sq Ft |
| 05/13/2025 05/13/25 | Pending | -- | -- | -- |
| 04/16/2025 04/16/25 | Price Changed | $849,900 | -2.9% | $413 / Sq Ft |
| 04/01/2025 04/01/25 | For Sale | $875,000 | +157.4% | $426 / Sq Ft |
| 12/31/2014 12/31/14 | Sold | $340,000 | -2.6% | $148 / Sq Ft |
| 12/01/2014 12/01/14 | Pending | -- | -- | -- |
| 11/11/2014 11/11/14 | For Sale | $349,000 | -- | $152 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,633 | $673,100 | $148,900 | $524,200 |
| 2024 | $7,326 | $630,500 | $141,100 | $489,400 |
| 2023 | $7,157 | $572,100 | $130,700 | $441,400 |
| 2022 | $6,848 | $516,800 | $122,800 | $394,000 |
| 2021 | $6,696 | $485,200 | $122,800 | $362,400 |
| 2020 | $6,115 | $423,200 | $106,100 | $317,100 |
| 2019 | $6,079 | $402,600 | $100,900 | $301,700 |
| 2018 | $5,644 | $367,000 | $96,200 | $270,800 |
| 2017 | $5,292 | $333,700 | $78,400 | $255,300 |
| 2016 | $5,262 | $335,800 | $74,200 | $261,600 |
| 2015 | $4,137 | $252,100 | $66,900 | $185,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jonathan McCarron
J
Seller's Agent in 2025
Jonathan McCarron
William Raveis R.E. & Home Services
(781) 631-1199
1 in this area
18 Total Sales
-
Sarah MacBurnie Liporto
Buyer's Agent in 2025
Sarah MacBurnie Liporto
Ocean's Edge Real Estate
(978) 337-9955
2 in this area
74 Total Sales
-
Pam McKee
Seller's Agent in 2014
Pam McKee
Keller Williams Realty Evolution
(978) 500-4047
14 in this area
106 Total Sales
-
Marie Bishop
M
Buyer's Agent in 2014
Marie Bishop
Laer Realty
(978) 766-3533
24 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73352890
APN: SALE-000033-000000-000291
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
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